Indian Economy News

India's renewable energy capacity crosses 80GW-mark

  • IBEF
  • July 17, 2019

The government has set a goal-oriented focus of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60 GW of wind energy.

"The Government is regularly monitoring the advancement being made to accomplish the objective of 175 GW by 2022”.

"An aggregate of 80.46 GW of renewable energy limit has been introduced in the country as on June 30, 2019 which includes 29.55 GW from Solar and 36.37 GW from Wind control," according to Power and New and Renewable Energy Minister Mr R K Singh.

According to India’s submission to the United Nations Framework Convention on Climate Change on Intended Nationally Determined Contribution (INDC), a combined electric power limit of 40 per cent from non-fossil fuel-based energy resources is to be introduced by 2030.  The government has set an objective of introducing renewable energy capacity of 175 GW constantly 2022.

The Ministry also told the House that a sum of 42 solar power parks with a total limit of around 23.40 GW have been approved by the government so far to encourage accomplishment of 100 GW target by March 2022.

Out of endorsed capacity of 23.40 GW, power purchase agreements (PPAs) have been marked for around 9.20 GW and out of this, around 6.40 GW of limit has been authorized in different solar parks as on June 30, 2019.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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