India To Invest Rs 3.85 Lakh Crore To Set Up 77,000 Megawatt Solar Capacity


India To Invest Rs 3.85 Lakh Crore To Set Up 77,000 Megawatt Solar Capacity

India is likely to invest Rs 385,000 crore for setting up 77,000 Megawatt of solar power generation capacity by 2022, Power and New and Renewable Energy Minister R K Singh said today.

The government has set a target of installing 100,000 Mw of solar power capacity by 2022. Solar projects with aggregate capacity of 23,120 Mw have been installed up to July 2018.

“For installation of remaining around 77,000 Mw, an estimated investment of Rs 3,85,000 crore at Rs 5 Crore per Mw is required,” the minister said in a written reply in Parliament, adding most of the investment in this sector comes from the private sector. Read More

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