India government is aiming to achieve renewable power capacity of 225 GW by March 2022 against the earlier target of 175 GW, Power Minister RK Singh said.
“We will cross the 175 GW target before March 2022. We have new schemes for offshore wind power, floating solar parks and hybrid parks, which will help us outstrip the current target. We are now aiming at 225 GW,” Power Minister RK Singh said on Tuesday.
The government hasn’t formally revised the 175 GW target, which was announced by Prime Minister Narendra Modi in 2015.
India’s current renewable power capacity stands at 70 GW, while projects under completion stands at 12.5 GW capacity and projects close to bid out is 25 GW.
“These take us to 108 GW of renewable capacity already, and given the bidding trajectory we have for the coming two years, we will touch 225 GW,” Singh said, elaborating the four-year achievements of ruling government in the power and renewable sector.
MNRE Secretary Anand Kumar said that the ministry will be completing the bidding of 175 GW by March 2020 and they will get clear two years for installation of the capacity. Even though the government has set a target of bidding 40 GW per year in the next two fiscals, Kumar expects that they would be bidding out 61 GW in FY19 and 56 GW in FY20.