The country has set a target to reach 175 GW capacity of renewable energy by 2022, which will include 100 GW of solar, 60 GW of wind, 10 GW of small hydro and 5 GW of biomass-based power projects.
The Ministry of New and Renewable Energy (MNRE) on November 29 announced that the country’s total installed renewable energy capacity, including hydro, crossed 150 gigawatt (GW).
Earlier this month, the ministry stated that the country added 1,522.35 megawatt (MW) of renewable energy capacity in October 2021. This has raised the total renewable energy capacity of the country to 103.05 GW.
The ministry also said the 103.05 GW capacity included 47.66 GW of solar, 39.99 GW of wind, 10.58 GW of biopower and 4.82 GW of small hydro capacity.
According to MNRE, projects of 50.98 GW capacity were at various stages of completion, while projects of 32.06 GW capacity were under various stages of bidding. Also, until October 31, 2021, an expenditure of Rs 2,265.99 crore was incurred which was the ministry’s total budget estimate’s (FY2021-22) 39.39 percent.
Source By: www.moneycontrol.com
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