MNRE refused doubt on India’s renewable energy target

The Indian Ministry of New and Renewable Energy (MNRE) has refuted claims, according to which India may fall short of its declared renewable energy target of 175,000 MW by the year 2022. »In some of the recent media reports apprehensions have been raised whether India would be able to achieve 175,000 MW renewable power installed capacity target by the year 2022,« says the Ministry. All these have cited the »CRISIL« report of September 2019. »However, the doubts are ill-founded and not reflective of the status on the ground and plans ahead.«
By the end of September 2019, India has installed more than 82,580 MW of renewable energy capacity with around 31,150 MW of capacity under various stages of installation. Thus, by the first quarter of 2021, India would have installed more than 113,000 MW of renewable power capacity. This would constitute nearly 65 percent of the targeted capacity. Besides this, around 39,000 MW of renewable power capacity is at various stages of bidding which would be installed by September 2021, taking the percentage of installed capacity to over 87 percentage of the targeted capacity. According to the MNRE, »with only 23,000 MW of renewable power capacity left to bid, India is confident that the target of installing 175,000 MW of renewable power capacity will not only be met but exceeded.«
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