India will achieve its target of 175 GW of installed RE capacity before 2022: Anand Kumar

India would achieve its target of 175 GW of installed (RE) capacity well before 2022 for which bidding process would be completed on time.

Speaking at a “Action to Transaction Meet” under aegis of PHD Chamber of Commerce and Industry here on Friday, New and Ministry Secretary Anand Kumar said International Solar Alliance () will help mobilise sufficient funds for .

He said over the years the renewable energy has become cheaper and is set to replace conventional energy, which is a healthy development, and added that India has one of the fastest growing renewable energy programmes in the World and the country would achieve its target of 175 GW of installed renewable energy capacity well before 2022.

will help mobilise sufficient funds for , he added.

wants India to be an innovation hub for which we have to start thinking and supporting about the new ideas for renewable sources particularly in with the objective of providing renewable energy to the common man as an affordable pricing”, he added.

Source: UNI

ALSO READ:

Canadian Solar Completes the Sale of a 142MWp Solar Portfolio in UK

RelyOn Solar installs 4.6 MW solar power project in Himachal Pradesh

AES Distributed Energy and KIUC Break Ground on Largest Hybrid Solar and Energy Storage System in Hawaiʻi