India balances fossil fuels and renewable energy growth

India is balancing its energy future between renewable sources and fossil fuels. The country is making significant investments in solar and wind energy, while also aiming to increase its oil and gas production. In Gujarat, for example, a long stretch of solar panels has been installed over a canal. Experts note that solar energy is cost-effective due to easy maintenance and free sunlight. Hemanshu Bhatt from InSolare Energy stated that these renewable sources are beneficial. Despite its renewable goals, India is also focusing on oil and gas. The parliament recently passed a Bill to boost exploration in this sector. Prime Minister Narendra Modi is encouraging investments from major energy companies. Minister Hardeep Singh Puri said that boosting production could help lower energy prices for consumers. Some analysts are skeptical about India's potential for domestic oil exploration, citing limited proven reserves. The country has increased its oil and gas imports, especially from the United States. Officials estimate that imports from the U.S. could rise significantly in the coming years. India's crude oil consumption is expected to increase sharply in the next decade, becoming the largest driver of global oil demand growth. However, the government believes that oil production and renewable energy can coexist. Analysts suggest that renewables are currently insufficient for meeting the country's growing energy needs, particularly in sectors like transportation. India aims for net zero emissions by 2070, which is a long-term goal. As of last year, India's renewable energy capacity was nearly 210 gigawatts, but the target is to reach 500 gigawatts by 2030. Experts note that there is still a considerable way to go to meet this target.