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India will have 225 GW of renewable energy capacity by 2022

Jose Kalathil : New Delhi

India will have an installed renewable energy generation capacity of 225 Gigawatt (GW) by 2022, including large hydro projects.

Inaugurating the India Energy Forum Renewable Energy Summit here today, Mr Anand Kumar, Secretary, Ministry of New and Renewable Energy (MNRE) Secretary said that the Ministry is not only confident of achieving the 175 GW target of Renewable Energy by 2022 but will exceed the set target, adding the country had 14.7 GW of installed RE capacity in 2010 which has grown to 86 GW now.

“Currently under 36 GW of RE projects are under various stages of installation and additional 30 GW projects are under various rounds of bidding. And we have another 23 GE more to bid out and have three years to implement the target”, Mr. Kumar added.

He also informed that Adani Green Energy and Azure Power have emerged as successful bidders in Solar Energy Corporation of India”s first manufacturing-linked solar tender.

MNRE Secretary also said that Adani has bid for 1.5 GW solar cell manufacturing capacity and 6 GW generation capacity and Azure Power bid for 500 MW solar cell manufacturing capacity and 2 GW generation capacity.

With the green shoe option, the capacity for Adani would increase to 2 GW of solar cell manufacturing capacity and 8 GW generation capacity, Mr. Kumar said.

For Azure, with green shoe option, it will be 1,000 solar cell manufacturing and 4 GW generation capacity, he added. “The bids have been finalised and only paperwork remains,” he said adding that the tariff has been fixed at Rs 2.92.

After successful auction, an investment of around Rs 6,000 crore is expected for setting up 1 GW of solar manufacturing facilities, which would generate permanent direct employment of up to 10,000 people, a source said.

At present, India imports 95 per cent of its solar module requirement from China, leading to a forex outflow of around USD 10 billion per year.

Earlier, Mr. Anil Srivastava, Principal Consultant NITI Aayog, Dr. Kirit Parikh, former Member Energy, Planning Commission, Mr. Anil Razdan, President, India Energy Forum and Dr. Malti Goel, Convener, Renewable Energy Group also addressed during the Summit.

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