Prime Minister Narendra Modi recently extolled the country’s ambitious journey toward becoming a global leader in renewable energy. India’s rapid journey towards becoming a solar energy powerhouse is one of the most significant transformations in its modern history.

State-owned Solar Energy Corporation of India (SECI) on Friday pledged to invest 180 billion rupees ($2.16 bln) in equity for renewable capacity expansion by 2030, and announced plans to go public in the next one to two years.