ES Ranganathan Reveals 2024's Top Trends in India's Oil and Energy Industries
Policies promoting green energy, like solar and wind power, are becoming more popular, moving away from fossil fuels. The government has set ambitious goals for renewable energy, showing its commitment to reducing carbon emissions and embracing sustainability. "Solar energy is growing quickly, thanks to lower costs and better technology. Wind power projects, along with new ways to store energy, are also making a big difference," says ES Ranganathan. He predicts that renewables will significantly impact our energy mix by 2024, reducing our reliance on traditional fuels. "India has a chance to set a record with 4 GW of rooftop solar power in 2024," adds Ranganathan. However, reaching this goal depends on India solving regulatory issues and other ongoing challenges. Studies suggest that by addressing these hurdles, India's rooftop solar market could see significant growth by 2024.