Malaysia to put former Goldman Sachs banker on trial extradition to US

US-China trade talks weigh down European stocks

CapitaLand states that Singapore property not set for ‘big bump’

South Korean Capital to invest over $1 billion in fintech and blockchain

Singapore condo resale prices down 0.3% in January

 
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