India to produce 175 GW of electricity from renewable resources by 2022: PM Modi at ISA
New Delhi: India is set to produce 175 gigawatts of electricity from renewable resources by 2022, said Prime Minister Narendra Modi during his address at the International Solar Alliance (ISA) at Delhi's Rashtra Bhavan. He went on to says that at least 100 GW out of the total will be generated from solar resources.
Reiterating the government's mission to provide low-cost electricity, he said at least 28 crore LED bulbs, which were distributed in the last three years, has helped save close to two billion dollars and at least 4GW of electricity.
Not just low-cost electricity but the government has been working towards maximum utilisation of solar energy, and plans to provide 500 training slots for ISA member countries in a bid to boost solar tech R&D.
Apart from that, PM Modi also presented 10 action points to provide a boost to the solar sector. He also called for concession financing, use of affordable technology and research to raise the share of solar electricity in the energy mix.
In conclusion, the PM also called for framing regulations and standards to promote solar energy. It may be noted that the country is burning the candle at both ends to bump up utilisation of solar resources.
Recently, Diu became the first and only Union Territory to be 100 percent solar energy efficient. In a Reuters report dated January 18, it was stated that the solar industry in India is all set to get a massive push, as the government has planned to set up a $350 million fund to finance projects related to the sector.
Power minister RK Singh had earlier said the country is stepping up efforts to drive its "Clean India" mission and achieve its target of adding 175 gigawatts (GW) in renewable energy by 2022.