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Indias renewable power capacity expected to achive 260 GW target by 2024: government secretary

India expects to achieve a renewable energy capacity target of 260 gigawatt (GW) by 2024, a government official said on Friday, as the country sees rapid growth in renewable capacity backed by government orders, private equity and pension fund investments.

twitter-logo Reuters        Last Updated: July 19, 2019  | 14:05 IST
India’s renewable power capacity expected to achive 260 GW target by 2024: government secretary
India's renewable power capacity soared by almost 150% in the last five years to 77.6 GW.

India expects to achieve a renewable energy capacity target of 260 gigawatt (GW) by 2024, a government official said on Friday, as the country sees rapid growth in renewable capacity backed by government orders, private equity and pension fund investments.

India's renewable power capacity soared by almost 150% in the last five years to 77.6 GW, while the government set a target of 175 GW by 2022.

India is also formulating a policy to build a 30 GW local capacity for manufacturing solar cells and modules by 2024, Anand Kumar, secretary to the ministry of new and renewable energy, said at an event in New Delhi.

India might surpass the 175 GW target and achieve 225 GW of capacity by 2022, Power Minister RK Singh said last year, but did not provide an official figure at the time.

Also read: Tech giants Facebook, Google under I-T dept scrutiny for underreporting revenues in India: Report

Also read: Netflix plans to launch cheaper mobile-only plan in India

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