In FY 2023-2024, renewable energy accounted for a significant portion of India’s newly added power generation capacity, with solar energy dominating the renewable energy addition. The share of coal and lignite in India’s total installed capacity fell below 50% for the first time. The report also highlights the rise in peak power demand and the increase in foreign investment in non-conventional energy.
Production of the first set of advanced chemistry cell batteries in India is likely to commence by January 2024, Union Minister Mahindra Nath Pandey said on Tuesday. In May 2021, the government approved the PLI (Production Linked Incentives) scheme for manufacturing ACC (Advanced Chemistry Cell) batteries at an estimated outlay of Rs 18,100 crore.
