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With solar boom, MNRE targets 16,660 MW of fresh capacity
The Union Ministry of New and Renewable Energy (MNRE) has set the highest ever capacity addition target for the clean power sector this fiscal.
It has set a new capacity addition target of 16,660 MW – close to four times the capacity target that the government set in the previous year.
In the current fiscal, solar segment is expected to achieve its highest-ever annual capacity as the target has been set at 12,000 MW, followed by wind (4,000 MW), bio power (400 MW), small hydro (250 MW) and waste-to-power (10 MW), according to MNRE.
Globally, India was in fifth position in attracting investments in solar PV sector in 2015. The Ministry is confident of achieving its significant capacity addition in solar this fiscal as it had tendered 20,000 MW worth projects during the previous year. Read More…