Power Ministry shows positive sign towards achieving 175 GW renewable energy target

Power and Renewable Energy Minister Raj Kumar Singh has exuded confidence that the renewable energy target of 175 gigawatt (GW) by 2022 would be achieved.

Raj Kumar Singh, who took the charge of the Ministry of Power and New and Renewable Energy, has exude the confidence that the renewable energy target of 175 gigawatt would be achieved by 2022.

“The overall renewable energy established capacity has reached 80,000 MW level. 24,000 MW is under installation. For 42,000 MW, bids are at different stages. So, the total is 1,46,000 MW and the target is for 1,75,000 MW (175 GW),” said Singh.

“We will achieve the target,” Singh emphasised.

Speaking about his priorities, he said the top priority will remain to achieve the targets set by the government.

The government has set an ambitious target of installing 175 GW of renewable energy capacity by 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power.

Various research reports, however, have cautioned that India is unlikely to meet the energy targets for wind and solar power.

India is likely to install 54.7 GW of wind capacity by 2022 against the 60GW target set by the government, Fitch Solutions Macro Research has said in a report.

The agency said it remains cautious on India meeting its ambitious 2022 targets for wind power capacity growth as land acquisition issues and grid bottlenecks would lead to delays in project implementation in the sector.

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