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India will soon achieve the target of 1 lakh 75 thousand MW of renewable energy

New Delhi. In a statement, the Ministry of New and Renewable Energy has released a rebuttal on some of the media reports based on the CRISIL report of India’s renewable energy target not achieving 1 lakh 75 thousand MW by 2022.

The Ministry of New and Renewable Energy stated that the report on not achieving this goal is baseless and does not accurately reflect the situation. 82,580 MW of renewable energy capacity has been installed in India by the end of September 2019 and is in various stages of setting up a capacity of 31,150 MW. By the first quarter of 2021, India would have installed 1,13,000 MW of renewable energy. This would be about 65 percent of the targeted capacity. Apart from this, various projects of 49,000 MW capacity are in various stages of bidding, which will be set up by September 2021. This will enable the installation of more than 87 percent of the total target. Currently, the remaining bid of 23,000 MW of renewable energy generation remains and India is confident that India will not only set up a capacity of 1,75,000 MW but will perform much better.

The Ministry has been working to address various issues in this regard from time to time and the renewable energy industry, developers, investors and other partners appreciated the efforts of the Ministries for facilitating transparent tender system and power purchase at reasonable rates. is. As a result, significant reduction in solar and wind energy tariffs has been observed. In the year 2016, where wind power was at the rate of Rs 4.18, it came down to Rs 2.43 last year and it is still less than 2.75 per unit. Solar tariff has come down from Rs 4.43 per unit (with VGF) to Rs 2.44 per unit.

Since March 2014, India’s renewable energy capacity has increased by 138 percent to 82,580 MW from 34,000 MW. India ranks fifth in solar energy worldwide, fourth in wind energy and fourth in total renewable energy installed capacity.

The Ministry is ready to resolve the issues related to allocation of land in Gujarat and changes in land reform fees in Rajasthan in consultation with the respective state governments. The Ministry is in the process of setting up an ultra mega renewable energy park to deal with the problem of land allocation. These parks will have scheduled delivery facility. The first such park will be set up by SECI in Dholera, Gujarat.

The ministry has launched three new schemes. These plans will help in increasing the capacity of renewable energy in India as well as solar cell and module manufacturing capacity.

The CRISIL report referred to by the media is neither based on facts nor does it focus on programs related to the development of renewable energy in the country by the Ministry. The report is not credible due to Crisil not even trying to know the views of the ministry. The Ministry of New and Renewable Energy is confident that India will not only achieve the target of 1,75,000 MW but will add even more capacity by 2022.

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