India’s renewable power capacity is 4th largest in the world: PM
India in last 6 years has increased its installed renewable energy capacity by two and half times and that the country’s renewable power capacity is 4th largest in the world, Prime Minister Narendra Modi said during his speech at recently concluded RE-Invest 2020, a 3-day summit organised by the Ministry of New and Renewable Energy.
“Our annual renewable energy capacity addition has been exceeding that of coal based thermal power since 2017. In the last 6 years, we increased our installed renewable energy capacity by two and half times,” the Prime Minister said.
He adds, “Today, India’s renewable power capacity is the 4th largest in the world. It is growing at the fastest speed among all major countries. The renewable energy capacity in India is currently 136 Giga Watts, which is about 36% of our total capacity.”
Prime Minister Modi further informed that for next 10 years, India has huge renewable energy deployment plan which is likely to generate business opportunities of 20 billion dollars per year.