By 2022 India will be one of largest installations of renewable energy: Piyush Goyal

Image
ANI Mumbai [India]
Last Updated : Dec 24 2016 | 11:42 PM IST

Asserting that the present generation has the duty to leave behind a better place to live in for the next generation, Minister of State for Power, Coal, New and Renewable Energy and Mines Piyush Goyal on Saturday said by 2022, India will be one of largest installations of renewable energy in world.

Goyal also said Prime Minister Narendra Modi is committed towards ramping up renewable energy.

"This government is committed and has created an actionable agenda so that by 2022 India would probably be one of the world's fasted growing renewable energy in the country, one of the largest installations of renewable energy in the world if not the largest. India will have about 2, 25,000 MW of renewable energy by 2022, which is the world's largest installation."

Under its plan, Goyal said, the government is also committed to set up solar plant of one lakh megawatt to meet its security needs.

"So far in the two and half years, we have expanded the solar install capacity by 200 percent, i.e 9,000 MW and by end of December 2017 I expect it to be 20,000 MW," he added.

Goyla further said India is also considering to expand its hydro power capacity which currently stands at 25 MW.

"Similarly in wind we are aggressively taking it to 20,000 MW, apart from expanding the scope of nuclear and small hydro projects," he said.

Goyal also expressed optimism at world's commitment under the Paris declaration and the Conference of the Parties (CoP) 21 to fight against climate change.

"In the Intended Nationally Determined Contributions (INDCs), I am delighted to say that India has been an integral part of that entire journey where it was at the forefront of negotiations in the Paris agreement," he said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 24 2016 | 11:20 PM IST

Next Story