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India has launched its inaugural geothermal energy policy, aimed at tapping into the country’s significant geothermal potential to diversify its renewable energy mix. The policy introduces financial and regulatory incentives to address the high upfront costs associated with geothermal exploration and development. It encourages private sector investment through subsidies, risk mitigation measures, and faster clearances, designed to stimulate geothermal projects across regions with promising geothermal resources.
This initiative aligns with India’s clean energy ambitions and its commitment to achieving 500 GW of non-fossil fuel capacity by 2030, presenting geothermal power as an emerging pillar of sustainable energy growth.
