British Foreign Secretary, Jeremy Hunt warns Myanmar’s Suu Kyi ‘no hiding place’ for Rohingyas’ attackers

Aston Martin sets £5.07bn IPO valuation

Rothesay leads race for £900m state-owned equity release loans

Barclays digital banking services back up after ‘technical hitch’

EU airports unable to cope with safety risks of ‘no-deal’ Brexit, leaked memo reveals

 

China retaliates with $60bn tariffs in Trump trade war escalation

Equifax fined £500,000 for failing to protect customer details in cyber attack

ENERGY FINANCE TOP STORIES

Indian government states it will comfortably achieve its 100 GW solar energy target by 2022

The data regarding generation of power from various renewable energy projects is consolidated by the Central Electricity Authority

The Indian parliament was informed today that the country is all set to comfortably achieve 100 GW of solar energy capacity by 2022, and has already installed 23.12 GW of solar capacity till July this year. The data regardign generation of power from various renewable energy projects was consolidated by the Central Electricity Authority (CEA).

“The Ministry of New and Renewable Energy (MNRE) has planned a detailed trajectory so as to meet the target of 100 GW by 2022. A capacity of 23.12 GW was already installed up to July 2018. Projects of around 10 GW are under implementation and tenders for additional 24.4 GW have been issued,” RK Singh, Power and New and Renewable Energy Minister said, in a written reply to Rajya Sabha, the upper house of the parliament of India.

“The country is on track to comfortably achieve the target of 100 GW of solar capacity by 2022,” he added.

The minister stated that solar power projects require around 4 to 5 acres of land per MW and the MNRE monitors the development of upcoming and commissioned renewable energy projects with implementing agencies like Solar Energy Corporation of India (SECI), National Thermal Power Corporation (NTPC), state nodal agencies and state governments/UT administrations through regular meetings, video-conferences and on the site visits.

The state of Karnataka topped the installed solar energy capacity chart at 5.16 GW, followed by Telangana at 3.4GW and Andhra Pradesh at 2.56 GW as on July 31, 2017, the minister noted.

In another reply to the House, the minister said the National Institute of Solar Energy (NISE) has assessed the overall solar power potential of the country at 748 GW.

Solar energy output in the country was 25.87 bn units in 2017-18, which was higher than 13.49 bn units in 2016-17, 7.44 bn units in 2015-16 and 4.59 bn units in 2014-15 — it stated.

-GBO Correpondent

Leave a Comment