Union Minister for Power and New and Renewable Energy, RK Singh has informed that just over 7.5 GW (7592 MW) of new renewable energy (RE) capacity has been commissioned in the financial year 19-20 up to December 2019.
“Another 34,160 MW RE capacity is under various stages of implementation. It is expected that renewable energy capacity addition in the year 2019-20 will exceed the capacity addition achieved in the year 2018-19, which was 8,532 MW,” he said while replying to the question.
The minister also added that most of the grid-connected renewable energy projects in the country were being implemented by the private sector developers selected through a transparent competitive bidding process.
“Capital investment made by these developers is their privileged information. However, based on standard capital costs per MW, an investment of Rs 40,460 crore is estimated to have been made in the renewables sector in the year 2018-19. And an investment of Rs 36,729.5 crore is estimated to have been made in the year 2019-20 up to December 2019,” Singh further.
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