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Indian-Commodity  :  Economy  :  India achieves 70 GW of installed renewable energy capacity: MNRE

India achieves 70 GW of installed renewable energy capacity: MNRE (10-May-2018)

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.


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