In a race to be the top state in India, IEEFA has modelled the economic powerhouse Gujarat adding a staggering 46 gigawatts (GW) of new renewable energy capacity by 2029-30, a new report said on Tuesday.
The report, “Gujarat”s electricity sector transformation – A role-model of India”s electricity transition”, identifies Gujarat as one of the five leading states for renewable energy in terms of both existing generation capacity as well as future potential.
Tim Buckley, co-author of the report and director of energy finance studies with the Institute for Energy Economics and Financial Analysis (IEEFA), said the Indian government has rightly identified the need to reduce its exposure to imported fossil fuels, including oil, coal and gas, setting the stage for a massive transformation across the country.
“The government knows an over-reliance on imported fuels adversely affects India”s trade account deficit and puts the country”s energy security at risk,” Buckley told in a statement. Read More
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