(Video) Rajya Sabha TV (RSTV) The Big Picture: India's Renewable Energy Plan

Topic: India's Renewable Energy Plan

Guest:

B. P. Yadav, (Joint Secretary, Ministry of New & Renewable Energy)
Sunil Jain, (CEO, Hero Future Energies)
Prachi Gupta, (Consultant (Energy), Niti Aayog)

Topic Description:

Prime Minister Narendra Modi on Thursday announced that there are huge renewable energy deployment plans for India for the next decade which are likely to generate business prospects of around $20 billion per year. In his address after inaugurating the 3rd Global Renewable Energy Investment Meeting and Expo (RE-Invest 2020), through video conferencing, he invited investors, developers and businesses to join India's renewable energy journey. He said that after the success of Performance Linked Incentives (PLI) in electronics manufacturing, the government has decided to give similar incentives to high efficiency solar modules. Stressing that ensuring 'ease of doing business' is their utmost priority and dedicated Project Development Cells have been established to facilitate investors, he said that in the last 6 years, India has travelled on an "unparalleled journey". The Prime Minister noted that India's renewable power capacity is the fourth largest in the world and is growing at the fastest speed among all major countries. The renewable energy capacity in India is currently 136 Giga Watts, which is about 36 per cent of its total capacity.