Prime Minister Narendra Modi on Thursday said India would offer business prospects of around $20 billion in the renewable energy space every year for the next decade. He said the renewable energy capacity would touch 220 Gw in two years and the plan would be to take this to 450 Gw by 2030.
Speaking at the inauguration of RE-Invest 2020, a congregation of global renewable industry hosted by India, Modi asked global investors to join India’s renewable energy journey. “There are huge renewable energy deployment plans for the next decade,” he said.
Modi said India had the fourth-largest renewable energy capacity, at 136 Gw, which would rise to 220 Gw by 2022. In 2014, India had set a target of 175-Gw renewable energy capacity by 2022.
Source: Business Standard
