India Looks Poised to Achieve its 175 GW RE Capacity Target : R K Singh

Power and New and Renewable Energy Minister Raj Kumar Singh emanates confidence that the renewable energy target of 175 gigawatt (GW) by 2022 would be accomplished.

Singh, who took the charge of the ministries in the second term of Modi government, believed 80GW of renewable energy has been established while another 24GW is under installation.

“The overall renewable energy established capacity has reached 80,000 MW level. 24,000 MW is under installation. For 42,000 MW, bids are at different stages. So, the total is 1,46,000 MW and the target is for 1,75,000 MW (175 GW),” he said.

“We will achieve the target,” Singh emphasized. Elaborating on priorities, he said the top priority will remain to achieve the targets set by the government.

The government has set an aspiring target of installing 175 GW of renewable energy capacity by 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power.

Numerous research reports and rating agencies, yet, have signaled that India is implausible to meet the energy targets for wind and solar power.

According to Fitch Solutions Macro Research report, India is expected to install 54.7 GW of wind capacity by 2022 against the 60GW target set by the government.

The agency said it remains restrained on India meeting its ambitious 2022 targets for wind power capacity growth as land acquisition issues and grid bottlenecks would lead to delays in project implementation in the sector.

Policies & Regulations | News published on 10/06/2019 by Moulin

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