India’s flagship solar energy initiative, PM-Surya Ghar, has crossed 8.5 lakh rooftop solar installations, moving closer to its target of powering 1 crore households with solar energy. Union Minister for New and Renewable Energy, Pralhad Joshi, announced the milestone at the India Energy Transition Summit, emphasizing India’s goal of 500 GW renewable energy by 2030 and 1,800 GW by 2047.

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• 8.5 lakh+ rooftop solar installations completed under PM-Surya Ghar.
• India targets 10 million solar-powered homes in coming years.
• 500 GW renewable energy goal by 2030, long-term aim 1,800 GW by 2047.
• Renewable capacity grew from 75 GW (2014) to 220+ GW in 2024.
• Green hydrogen development, stable policies, financing key to progress.
• Challenges remain in land acquisition, policy execution, and financing.
• ₹33 lakh crore investment needed for energy transition by 2047.
• ₹10 lakh crore from public banks, rest from private & global funding.
• Green bonds, structured debt to play major role in raising funds.
• Govt in regular talks with stakeholders to ease policy, financial issues.