Additional $80 billion investment required to achieve India’s 2022 renewable target: MNRE secretary
To aid the growth of the renewable energy sector and encourage investments in the sector, Anand Kumar, secretary of the Ministry of New & Renewable Energy, said that the government is working towards managing curtailments and improving ease of doing business for developers in the sector at the India Pavilion at COP 25 in Madrid on Monday.
Additional Regional Energy Management Centres (REMCs) were being set up to increase the share of renewable energy and to mitigate investment risks in the sector and a Payment Security Mechanism has been implemented, he said.
