Minister RK Singh told a meeting of BRICS energy ministers. He said the country will also exceed its target of installing 200 GW of renewable energy capacity in 2022.
India has already installed renewable energy capacity of 83,000 MW, while another 31,000 MW is being executed and 35,000 is under bidding, he said. “So this becomes 140,000-145,000 MW. In hydro, we have installed capacity of around 45,000 MW and under installation capacity is about 13,000 MW. Which makes it around 60,000 MW. So we will cross 200,000 MW capacity of renewable energy by 2022,” he said.
Singh said India’s energy situation had changed significantly. “We have transitioned a country which had a deficit, so far as energy production capacity was concerned, to a country which is now a surplus and we are able to produce more energy than we consume and we are exporting energy to our neighbouring countries,” he said. India has aggressively expanded its wind and solar energy capacity in the past five years, helped by aggressive bidding by companies.