Renewable energy projects have attracted investments of about Rs 1.34 lakh crore between April 2017 and January 2020, Parliament was informed on Thursday.
“Based on standard capital cost per MW, an investment of around Rs 1.34 lakh crore is estimated to have been made in the renewable energy sector during last three years i.e. 2017-18 to 2019-20 (up to January 2020),” Renewable Energy Minister R K Singh said in a written reply to the Lok Sabha.
He said most of the grid connected renewable energy projects are being implemented by private sector developers selected through transparent competitive bidding process.
India has set an ambitious target of having 175GW of clean energy by 2022 which includes 100GW of solar and 60GW of wind energy.
