2021: India to bank on innovative ways to garner Rs 1.75 lakh crore investment
India will look to be more innovative in its approach to garner additional investments worth Rs 1.75 lakh crore for having 35 GW of renewable power generation capacity next year to meet the ambitious target of 175 GW of clean energy capacity by 2022.
At present, the country has a total installed renewable energy capacity of 90 GW. This includes 39 GW of wind and 37 GW of solar generation capacity. Around 50 GW of renewable energy capacity is under construction and there is also a strong pipeline of 30 GW for new bids. “There is a fund requirement of Rs 1.75 lakh crore to achieve the balance capacity of 35 GW (under bidding/ to be bid out/ auctioned) to achieve an overall target of 175 GW,” Director General of Solar Power Developers Association Shekhar Dutt told PTI.
