"Year End Review 2024 of Ministry of New & Renewable Energy,"

"Year End Review 2024 of Ministry of New & Renewable Energy," provides a comprehensive overview of India's significant strides in renewable energy throughout 2024: 

1. 🌱 Renewable Energy Capacity Increase: India added 27 GW of renewable energy (RE) capacity in 2024, reaching over 214 GW. The target is 500 GW by 2030, suggesting a burgeoning market for renewable technologies and infrastructure. 📈 Investment opportunities may arise in companies involved in these sectors.
   
   

2. 🌞 Solar and Wind Energy: Solar capacity reached 94.17 GW, and wind capacity at 47.96 GW. The consistent expansion, especially in solar, indicates strong investment prospects in solar panel manufacturing, solar farm operations, and wind energy technologies.
   
   

3. 🏠 PM-Surya Ghar: Muft Bijli Yojana: This initiative aims to install rooftop solar systems in one crore households, with substantial subsidies. The rapid installation pace (70,000 installations per month) highlights a booming demand for solar products and installation services, benefiting companies in this domain.
   
   

4. 💨 National Green Hydrogen Mission: With a budget of ₹19,744 crore, this mission aims to establish India as a leader in green hydrogen by 2030, with potential investments of over ₹8 lakh crore. Investors might find lucrative opportunities in companies specializing in hydrogen production, storage, and transport technologies.
   
   

5. 🌍 International Collaborations and Events: Various international conferences and partnerships underscore India's commitment to being a key player in the global renewable energy market. This international exposure may enhance the global market presence of Indian renewable companies, making them attractive investment targets.
   
   

6. 💰 Financial Performance of Key Agencies: The Indian Renewable Energy Development Agency (IREDA) reported strong performance with high profits and a healthy loan book. Investing in financial institutions that focus on green projects could be beneficial as they are likely to experience continued growth with government support.
   
   

Overall, the data suggests that India's renewable energy sector is experiencing rapid growth and transformation, making it an attractive area for investment, particularly in technologies supporting this transition like solar, wind, and green hydrogen. Investors should consider these areas for potential growth in their portfolios​