Govt to ease land acquisition, finance for renewables to meet 450 GW target
The Ministry of New and Renewable Energy has started drafting plans to set up mega capacities and ease investment in renewables to meet the new target set by Prime Minister (PM) Narendra Modi.
At the United Nations Climate Action Summit in New York on Monday, Modi vowed to double India’s renewable energy target to 450 gigawatt (GW) by 2030. This comes at a time when commissioning of projects has slowed and states are raising red flags.
In 2019-20, of the 3 GW target for wind power, 1.1 GW has been commissioned. For solar, 2.1 GW has been commissioned out of 7.5 GW target.
