The Centre aims to expand India’s renewable energy capacities and planning to make it largest green energy producing nation in the world, said Union Minister of State for Power and Renewable Energy Piyush Goyal.
Addressing a seminar on Africa India Cooperation on Power Africa on the sidelines of the 52nd Annual Meeting of the African Development Bank Group, Goyal said India has taken the lead in the renewable energy sector in the world with solar power at the centre of its renewable policy framework.
“We have been able to bring the cost of renewable energy generation to below grid parity. Reduction in cost of equipment, finance and tariff provides a good potential for growth renewable energy sector. We are looking at expanding the renewable energy capacities to a level witnessed never before,’’ said the Minister, adding that India has set an ambitious target to set up renewable energy capacities to the tune of 175 gigawatts (Gw) by 2022 of which about 100 GW is planned for solar, 60 for wind and other for hydro, bio among other. At 57 Gw of installed capacity currently, the renewable energy has 18 per cent of the total installed power capacities in India.
Goyal also launched the ‘Third International Solar Alliance Programme — Scaling up Minigrids and Microgrids’ at the session. The ISA initiative was launched at the UN Climate change conference in Paris on November 30, 2015 by Narendra Modi and President Francois Hollande. The ISA has been conceived as a coalition of solar resource rich countries to address their special energy needs and will provide a platform to collaborate on addressing identified gaps through a common agreed approach Bhanu Pratap Yadav, Joint Secretary, Ministry of New and Renewable Energy said that India’s initiative led to the creation of ISA.
Already 15 African countries have joined and the Government of India is encouraging more and more African countries to join ISA.
Outlining the energy scenario in India, he remarked that by 2030 India aims to reduce emissions by 30 to 35 percent.