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Despite the skepticism, Raj Kumar Singh, Minister of Power, New and Renewable Energy of India, remains convinced that "India can achieve its renewable energy target
of 175 gigawatts (GW) by the end of March 2022.
”
Singh, who is in charge of electricity, the Ministry of New and Renewable Energy during the second term of the Modi government, said India had built 80GW of renewable energy, while another 24GW was being installed
.
"The overall renewable energy capacity has reached the 80,000 MW level, and 24,000 MW is being installed
," Singh said.
Another 42,000 MW project is still in various stages
.
Thus, with a total of 146 GW, the target of 175 GW is achievable
.
”
Speaking about his priorities, he said, "The highest priority remains to achieve the goals
set by the government.
”
The government has set a target of installing 175 GW of renewable energy by 2022, including 100 GW of solar, 60 GW of wind, 10 GW of biopower and 5 GW
of small hydro.
However, various research reports warn that India is unlikely to meet its energy targets
for wind and solar.
Fitch Solutions Macro Research said in a report that India could install 54.
7 GW of installed wind capacity by 2022, compared with the government's target of 60GW.
India remains cautious about
its ambitious wind capacity growth target for 2022 as land acquisition issues and grid bottlenecks will delay project implementation in the sector, the agency said.
The Mercom India Research report also predicts that India's installed solar capacity will reach 71 GW by the end of 2022, nearly 30%
below the government's target of 100 GW.
Between January and March 2019, solar installations in India fell 49 percent to 1,737 MW, mainly due to developers' difficulties
in obtaining required approvals, tax caps, payment issues, etc.
, the report said.
Mercom also added that more than 800 MW of solar auctions were canceled
in the first quarter of this year.
Despite the skepticism, Raj Kumar Singh, Minister of Power, New and Renewable Energy of India, remains convinced that "India can achieve its renewable energy target
of 175 gigawatts (GW) by the end of March 2022.
”
Singh, who is in charge of electricity, the Ministry of New and Renewable Energy during the second term of the Modi government, said India had built 80GW of renewable energy, while another 24GW was being installed
.
"The overall renewable energy capacity has reached the 80,000 MW level, and 24,000 MW is being installed
," Singh said.
Another 42,000 MW project is still in various stages
.
Thus, with a total of 146 GW, the target of 175 GW is achievable
.
”
Speaking about his priorities, he said, "The highest priority remains to achieve the goals
set by the government.
”
The government has set a target of installing 175 GW of renewable energy by 2022, including 100 GW of solar, 60 GW of wind, 10 GW of biopower and 5 GW
of small hydro.
However, various research reports warn that India is unlikely to meet its energy targets
for wind and solar.
Fitch Solutions Macro Research said in a report that India could install 54.
7 GW of installed wind capacity by 2022, compared with the government's target of 60GW.
India remains cautious about
its ambitious wind capacity growth target for 2022 as land acquisition issues and grid bottlenecks will delay project implementation in the sector, the agency said.
The Mercom India Research report also predicts that India's installed solar capacity will reach 71 GW by the end of 2022, nearly 30%
below the government's target of 100 GW.
Between January and March 2019, solar installations in India fell 49 percent to 1,737 MW, mainly due to developers' difficulties
in obtaining required approvals, tax caps, payment issues, etc.
, the report said.
Mercom also added that more than 800 MW of solar auctions were canceled
in the first quarter of this year.
