India's solar PV module manufacturing capacity has increased from 2.3 GW to 67 GW in the last 10 years because of measures taken under Make In India initiatives, the Ministry of Renewable Energy said.
Businessman Gautam Adani is leading India's transition towards green energy through the AESL, which currently has a transformation capacity of 61,686 and an MVA transmission network of 21,783 ckm.
Adani Green Energy Limited is developing a 30 GW renewable energy plant on barren land at Khavda in Kutch, Gujarat, covering an area of 538 sq km, making it the planet's largest power plant once completed.
The structural reforms undertaken by the Government of India since 2014 have put the economy firmly on a growth path, and India is soon set to become the third-largest economy in the world.
The funding for Adani Group's green energy project comes at a time when the transition to renewable energy was highlighted as a key issue at the ongoing Conference of Parties (COP28) climate summit.
India will scale up and accelerate the pace with which it is increasing its share of renewable energy. Further, it will help boost the development of green hydrogen within the country.