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Rk Singh, Minister of Electricity and Renewable Energy, said India needs to invest about $76 billion to achieve the remaining 103.
67 GW of renewable energy target of 175 GW
by 2020.
India needs $76 billion to invest to meet its renewable energy capacity target
As of the end of March 2018, India's installed renewable energy capacity was 69.
78 GW
.
"In order to achieve the remaining target of 103.
67 GW, the current cost of capital is estimated by the Central Electricity Regulatory Commission to be about $76 billion, of which $53.
2 billion in debt and $22.
8 billion
in collateral assets.
" Singh said
.
Current installed renewable energy capacity includes approximately 34.
145 GW of wind power, 21.
651 GW of solar, 4.
486 GW of small hydropower and 9.
502 GW of biomass
.
The overall target for installing 175 GW of renewable energy capacity includes 100 GW of solar, 60 GW of wind, 10 GW of biomass and 5 GW of small hydro capacity
.
India added 11.
322 GW of green energy generation in 2016-17 and 11.
887 GW
in 2017-18.
In the 200 MW and 600 MW reverse auctions conducted by Solar Energy Corporation of India (SECI) in May and July 2017, the price of solar power was reduced to a minimum of Rs 2.
44
.
，
Rk Singh, Minister of Electricity and Renewable Energy, said India needs to invest about $76 billion to achieve the remaining 103.
67 GW of renewable energy target of 175 GW
by 2020.
India needs $76 billion to invest to meet its renewable energy capacity target
India needs $76 billion to invest to meet its renewable energy capacity targetAs of the end of March 2018, India's installed renewable energy capacity was 69.
78 GW
.
"In order to achieve the remaining target of 103.
67 GW, the current cost of capital is estimated by the Central Electricity Regulatory Commission to be about $76 billion, of which $53.
2 billion in debt and $22.
8 billion
in collateral assets.
" Singh said
.
Current installed renewable energy capacity includes approximately 34.
145 GW of wind power, 21.
651 GW of solar, 4.
486 GW of small hydropower and 9.
502 GW of biomass
.
The overall target for installing 175 GW of renewable energy capacity includes 100 GW of solar, 60 GW of wind, 10 GW of biomass and 5 GW of small hydro capacity
.
India added 11.
322 GW of green energy generation in 2016-17 and 11.
887 GW
in 2017-18.
In the 200 MW and 600 MW reverse auctions conducted by Solar Energy Corporation of India (SECI) in May and July 2017, the price of solar power was reduced to a minimum of Rs 2.
44
.
，
