January was full of news on the energy front. For instance, the World Future Energy Summit (WFES) was held in Abu Dhabi. 15-17 January. That was where the government of India announced the setting up of a whopping $350 million (around Rs.2.275 crore at Rs.65 to a US$) solar development fund to enable financing of solar projects in the country.
New target of 175 GW?
The announcement was made by Union Minister for Power and New & Renewable Energy, RK Singh at the International Solar Alliance (ISA) Forum, part of the WFES. “India has one of the fastest growing renewable energy plans in the world and would achieve 175 GW target of installed renewable energy capacity well before 2020,” declared Singh at the ISA. The Modi government had talked about 100 GW, and the current cumulative capacity of solar power installation in India is around 19.5 GW as of December 2017. Read More…
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