India will Double Renewable Energy Capacity by 2022

India will Double Renewable Energy Capacity by 2022

India will Double Renewable Energy Capacity by 2022 to cross renewable expansion in the European Union for the first time according to International Energy Agency (IEA).

As per the government’s data, current renewable energy capacity of India is 58.30 GW and government has planned to take it to more than double till the 2022. A target of 175 GW has been set by the government which will include 100 GW of Solar and 60 GW of Wind energy by the end of 2022. If this target is achieved, it will be first time that India will cross the renewable expansion in the European Union for the first time

Earlier in this year, solar and wind power tariffs in India had dropped to Rs.2.44 per unit and Rs. 3.46 per unit respectively which was all time low in tariff based competitive bidding conducted by Solar Energy Corporation of India (SECI).

According to an analysis, China is at the top position in terms of renewable energy with having over 360 GW of capacity, which is 40% of the global total. China is so progressive in the field of renewable energy that it has already exceeded its set target of 2020 three years ahead.

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