India Installed 47.86 GW of Renewable Energy in The Past Five Years: R K Singh

In a written reply to a question in Lok Sabha it was said that a total of 47.86 gigawatt (GW) of renewable energy capacity has been installed in the past six years in India.

Power and New & Renewable Energy Minister R K Singh, in a written reply to a question in the Lok Sabha, said, "A total of 47.86 GW of renewable energy capacity has been installed in the country during the last six years i.e. March 2014 to October 2019.”

Installation of 175 GW of renewable energy capacity by 2022, is the target set by government. According to the information given by the minister, the target will be achieved by drawing 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydro-power projects.

As part of the initiative to explore new and renewable energy sources in the country, the government has permitted FDI upto 100 per cent under the automatic route. Minister said that the initiative also includes waiver of inter-state transmission system (ISTS) charges and losses for inter-state sale of solar and wind power for projects to be commissioned up to December 2022.

Singh also added that "notification of standard bidding guidelines to enable distribution licensee to procure solar and wind power at competitive rates in cost effective manner, declaration of trajectory for renewable purchase obligation up to the year 2022, launching of new schemes, such as, PM-KUSUM, solar rooftop phase II, 12,000 MW CPSU scheme Phase II.