India Aims To Achieve Colossal Renewable Energy Targets 2 Years In Advance

The Indian government will push to achieve renewable energy installation targets two years in advance, as it looks to enact more aggressive policies to promote development of renewable energy infrastructure.

India has set a target to have 100 GW solar power, 60 GW wind energy, 10 GW small hydro power, and 5 GW biomass-based power projects operational by March 2022., but Minister of Power, Coal, and New & Renewable Energy Piyush Goyal recently stated that the Indian Government will try to achieve this target of 175 GW renewable energy capacity by 2020 instead of the set timeline of 2022. 

The Central Government has taken several initiatives to increase the uptake of renewable energy through policy initiatives including enactment of a national offshore wind energy policy, and throwing support behind generation-based incentives and accelerated depreciation.

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