How much amount India to invest in Clean Energy Research in next five years

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	$72 million
B	$145 million
C	$227 million
D	$189 million

Explanation:

Detailed explanation-1: -Green Hydrogen target is set at India’s electrolyzer manufacturing capacity is projected to reach 8 GW per year by 2025. The cumulative value of the green hydrogen market in India could reach $8 bn by 2030 and India will require at least 50 gigawatt (GW) of electrolysers or more to ramp up hydrogen production.

Detailed explanation-2: -India’s plan to install 500 GW (gigawatt) of renewable energy capacity by 2030 will involve an investment of at least ₹2.44 lakh crore or ₹2.44 trillion, according to a committee constituted by the Central Electricity Authority (CEA).

Detailed explanation-3: -Although some are making renewable investments to be viewed as socially responsible global citizens, clean energy is increasingly economical due to falling costs for solar panels, wind turbines, and batteries for energy storage, making the sector a more attractive investment opportunity.

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