A high-ranking official at India’s Ministry of New & Renewable Energy recently claimed that the country will surpass its target to have 175 gigawatts of operational renewable energy capacity by March 2022.
The official also indicated the roadmap for achieving this seemingly impossible target. The Ministry is looking to open the offshore wind energy market for developers and has already taken initial steps in that direction. But perhaps the most radical step planned by the Ministry will lead to the modification of the definition of renewable energy projects for hydro power projects.
The Ministry plans to classify all hydro power projects with more than 25 megawatts of capacity as renewable energy projects. While the idea is not new and has been under deliberation by the current for several months now, no decision has been taken so far. As we move closer to the March 2022 deadline a firm decision on the same may soon be implemented. Read More…
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