India's installed renewable energy generation capacity touched around 86 Gw by November-end. This includes solar, wind, small hydro, biomass, waste to energy and others.
India
is set to cross the 100-Gw renewable
energy capacity mark in 2020 and can make rapid strides towards
the ambitious 175 Gw clean energy target by 2022 provided the
government keeps a close eye on key issues and deals with those well
in time.
The
government, however, needs to promote storage to ensure 24x7 clean
energy supply as coal fired thermal power still remains the base load
in the country.
Presently,
the issues hampering growth of renewables in India are lack of
interest of financial institution to fund renewable energy projects,
safeguard duty on imported solar panels, ambiguity over goods and
services tax (GST) on solar equipment and low investor sentiment due
to delayed or non-payment by discoms to clean energy developers.
India’s
installed renewable energy generation capacity touched around 86 Gw
by November-end. This includes solar, wind, small hydro, biomass,
waste to energy and others.
Around
30 Gw renewable capacity, including 18 Gw solar and 10 Gw wind
energy, is under implementation.
Besides,
around 40 Gw including 36 Gw solar and 3.4 Gw wind energy, is being
tendered.
“Together
with other schemes being implemented by the government, I expect RE
(Renewable Energy) sector to get a big boost in 2020 and the years
thereafter. I expect our RE capacity to cross 100GW mark in 2020,”
Power and New & Renewable Energy Minister R K Singh told PTI.
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