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India to reach RE Target Of 175 GW by 2022

 

Power and New and Renewable Energy Minister Raj Kumar Singh has exuded confidence that the renewable energy target of 175 gigawatt (GW) by 2022 would be achieved.Singh, who took charge of the ministries in the second term of Modi government, said 80GW of renewable energy has been established while another 24GW is under installation. Speaking about his priorities, he said the top priority will remain to achieve the targets set by the government.

JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, today announced it has supplied Power Construction Corporation of China with 351MW of solar modules, which were installed at the Hồng Phong solar PV plant in Vietnam, one of the largest PV projects in the Asia Pacific region to date.

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Assured Guaranty plc announced that it has guaranteed principal and interest payments on approximately €207 million of bonds issued on 18th June 2019 by Izcalli Investments, S.A.U., an entity majority owned by the Q-Energy Group, a leading European investor and asset manager in the photovoltaic solar sector. As a result of the guarantee, the bonds are rated AA by S&P Global Ratings. The underlying project is rated BBB.

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In a major decision to facilitate the solar and wind energy projects, Shri RK Singh, Union Minister of State for Power and New & Renewable Energy and Skill Development & Entrepreneurship has approved a proposal to set up a Dispute Resolution Committee to consider the unforeseen disputes between solar/wind power developers and SECI/NTPC, beyond contractual agreement.

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