India reiterates focus on renewable energy

Aims to generate 175 GW of renewable energy by 2022, 100 GW from solar power

GN Bureau | March 12, 2018


#Energy   #Environment   #Economy   #Emmanuel Macron   #Narendra Modi   #Solar Energy  


Prime Minister Narendra Modi, along with French president Emmanuel Macron who is on a four-day visit to India, inaugurated the 75 MW solar power plant in Mirzapur, Uttar Pradesh, on Monday.

The largest solar power plant in Uttar Pradesh has been built in collaboration with French solar power giant Engie Solar under the International Solar Alliance (ISA) programme.

India’s stress on solar power as a source of clean and renewable energy, got a major boost in 2010 when the National Solar Mission was launched.

The Mission had set a target of deploying 20,000 MW of grid connected solar power by 2022. However, the Modi government revised the target of Grid Connected Solar Power Projects from 20,000 MW by 2021-22 to 100,000 MW by 2021-22 under the National Solar Mission and it was approved by cabinet on June 17, 2015.

India is making steady strides in achieving its initial target as according to the Ministry of New and Renewable Energy (MNRE). As on February 28, 2018, a grid connected solar capacity of 19.58 GW has been installed and the government is very close to achieving 20GW in 2017-18 itself of the the target set initially.

According to the Central Electricity Authority (CEA) there has been increase in percentage of renewable energy in the total energy mix from 5.56% in 2014-15 to 7.83% in 2017-18 (upto January 2018).

In the presence of the French president, Modi on March 11 announced one of the world’s largest investment plans in solar energy. Speaking at the at the founding conference of the International Solar Alliance (ISA), the PM highlighted India’s target to achieve 175 GW of renewable energy, out of which 100 GW would be solar energy. He noted that 20 GW of solar energy had already been achieved.

Modi laid out about ten action points including developing low cost solar energy, increasing scope of solar in energy mix, promoting solar energy based innovations and concessional financing for solar projects and announced the  $1.4 billion line of credit will cover 27 projects in 15 countries and will ne give a major push in the production of solar energy.

Comments

 

Other News

“Whoever has a smartphone and a social media account is a journalist today”

In a scathing attack on media, political analyst Shehzad Poonawala has said that the time of media is gone and anyone with a smartphone and a social media account  can be a journalist today. While speaking to Kailashnath  Adhikari, MD, Governance Now, during the Visionary Talk seri

All you want to know about Republic Day celebrations 2021

India is celebrating the 72nd Republic Day on Tuesday. Attendance at the main celebrations in the capital is limited given the pandemic, yet Covid-19 has not dampened the spirit of the occasion. India’s military might, cultural diversity and social-economic progress will be on display at the majestic

How much time do you spend talking on phone?

How much time do Indians spend talking on phone? It is on average 761 minutes per month, according to a new report from the Telecom Regulatory Authority of India (TRAI). The telecom regulator released its report, titled ‘The Indian Telecom Services Performance Indicators: July-Septemb

“Developing public health infrastructure key to sustainable healthcare for all”

Renowned cardiologist Dr Ramakanta Panda has said that the pandemic has exposed the inadequacy of existing healthcare systems and it is wrong to draw comparisons with Korea, a country with the population equal to that of a single Indian state. While speaking to Kailashnath Adhikari, MD, Gove

SC-appointed panel on farm laws holds first meet

The committee of experts appointed by the supreme court to deliberate with the stakeholders on the new farm laws held its first meeting here Tuesday, with one of its members saying that all stakeholders, including individual farmers, will be heard. Hearing a petition on the farm laws enacted

India’s glitch-free vaccination gathers pace

The nationwide vaccination campaign launched Saturday, the largest such exercise in the world, has started setting new benchmarks, with vaccines administered to 2,24,301 beneficiaries in the first two days. “India has vaccinated the highest number of persons on Day1 under its COVID19 v

Visionary Talk with Shehzad Poonawalla On the State of Current Affairs





Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter