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India targets 175 GW renewable energy by 2022

Renewable Energy

New Delhi: The Centre has set a target to install 175 GW of renewable energy capacity by 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power, the Lok Sabha was informed on Thursday.

In a written reply, Union Minister of State (IC) Power and New & Renewable Energy RK Singh said the Centre is promoting the development of renewable energy including solar energy in the country from time to time.

The target includes development of solar energy in the country by providing various fiscal and promotional incentives such as accelerated depreciation, waiver of Inter-State Transmission System (ISTS) charges and losses, financing solar rooftop systems as part of home loan, and permitting Foreign Direct Investment up to 100 per cent under the automatic route, Singh further informed.

Besides, a target has also been set to install 40 GW of grid-connected rooftop solar capacity in the country including Delhi and National Capital Region (NCR) by 2022.

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