Breaking News

You are here » Indian-Commodity  :  Economy  :  India achieves 70 GW of installed renewable energy capacity: MNRE

10-May2018

India achieves 70 GW of installed renewable energy capacity: MNRE

The Ministry of New and Renewable Energy (MNRE) has said that as per the data compiled till March 31, 2018, India has already achieved 70 GW of installed renewable energy capacity and an additional 38 GW is under implementation. It noted that the 70 GW installed renewable energy capacity in the country is double of the capacity four year back.

The MNRE has stated that about 56,000 solar power pumps were installed in 2017-18, which is highest ever in a single year. It indicated that the renewable energy sector has added 11,788 MW of capacity to the grid in FY18, which is the highest ever in a single year. Besides, it claimed that it has bid out 32,500 MW capacities in last fiscal, which is nearly 10 times capacity commissioned in 2013-14. It also boasted about discovering lowest wind and solar power tariff of Rs 2.43 and Rs 2.44 per unit, respectively, in the last fiscal through tariff based competitive bidding.

The ministry further highlighted that India generated 100 billion units of electricity through renewables last fiscal, which is highest ever so far. On the achievement of renewable energy in the country, Power and New & Renewable Energy Minister R K Singh has said that India is progressing fast in the areas of renewable energy and government is on its way to achieving 175 GW target for installed Renewable Energy capacity by 2022.


Related News

View all news

CPI inflation hits 6-month high of 2.92% in April

India's retail inflation based on Consumer Price Index (CPI) continued northward journey for third straight month and inched up to a 6-month high of 2.92% in April 2019 due to a spike in food prices, including......

Indian economy to grow at 7% range in current fiscal: Subramanian

Chief Economic Advisor (CEA) Krishnamurthy V. Subramanian has said  that the Indian economy would grow at 7% range in the current financial year (FY20) powered by the effects of the strong structural......

Banks take 57% haircut in 94 cases resolved in FY19: ASSOCHAM-CRISIL study

A joint study carried out by the industry body Associated Chambers of Commerce & Industry of India (ASSOCHAM) and rating agency CRISIL stated that banks have taken a huge 57% haircut in the 94......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......