Renewable energy tasks have attracted investments of about Rs 1.34 lakh crore between April 2017 and January 2020, Parliament was once an expert on Thursday. “Based on standard capital cost per MW, an investment of around Rs 1.34 lakh crore is estimated to have been made in the renewable energy sector during last three years i.e. 2017-18 to 2019-20 (up to January 2020),” Renewable Energy Minister R Adequate Singh discussed in a written reply to the Lok Sabha.
He discussed a whole lot of the grid attached renewable energy tasks are being carried out by means of non-public sector developers made up our minds on by the use of transparent competitive bidding process. India has set an ambitious purpose of having 175GW of clean energy by means of 2022 which accommodates 100GW of solar and 60GW of wind energy.
To a query on lack of investment in wind energy, he discussed,”All over 2019-20 (up to 29.2.2020), capacity of 2043 MW was once added inside the country as towards 1480 MW during the previous financial 12 months 2018-19.” Further, he discussed as a way to attract buyers and developers, the government has instructed Solar Energy Corporate of India and NTPC not to prescribe upper cap (of tariff) in long run bids for wind and solar power tasks.
He an expert the House that the installed capacity of wind power during 2017-18, 2018-19 and 2019-20 (as on February 29, 2020) was once 1865 MW, 1480 MW and 2043 MW, respectively. The government has set a purpose of setting up 60,000 MW of wind power capacity, to be commissioned by means of December 2022.
Of this 60,000 MW, 37,669 MW capacity has already been commissioned (as on February 29, 2020), with 9236 MW of tasks underneath implementation and 1200 MW underneath bidding, the minister discussed. In each and every different solution, he discussed a whole of 8004.64 MW of renewable energy capacity has been installed in April-January duration of this fiscal as compared to 5978.47 MW installed inside the year-ago an identical months. As on February 29, 2020, a grid attached capacity of 35065.34 MW of solar power has been installed, he discussed.