175 GW green energy target a big challenge: Suresh Prabhu
The railways minister says solar energy is the ultimate solution for India
- RBI governor Shaktikanta Das: Once bitten, second time lucky
- Detention of Nissan’s Carlos Ghosn extended through 20 December
- India to add 10GW of renewable power in FY20: ICRA
- Flipkart to invest in furniture, groceries; claims to be a market leader in e-commerce
- Shaktikanta Das, who oversaw demonetization, is new RBI governor
New Delhi: Deploying 175 GW of power generation capacity from renewable sources by 2022 is a big challenge, Union minister Suresh Prabhu said on Saturday, adding that solar energy is the “ultimate solution” for India.
“Solar is the ultimate solution for India because solar and wind are real sources of energy. Having 175 GW of power generation capacity from renewable energy is a big challenge,” the railways minister said while addressing the Global Energy Technology Summit 2015, organized here by NTPC.
The government has ambitious plans for deployment of 175 GW renewable power capacities by 2022, including 100 GW of solar and 60 GW of wind, which may require investment of around $150 billion in the next seven years.
Stressing on the need for increasing the efficiency of solar photo-voltaic (PV) cells, Prabhu was of the view that research and development is very important and there is need to increase solar PV efficiency to 30-40% level.
He also suggested that NTPC should redefine itself as total energy solutions provider rather remaining a power generator or distributor. He said it can also set up small grid solar power projects to power remote areas. “Technological advancement, economic growth, combating climate change and fast-tracking technologies for renewables should be the top-most priority,” said Prabhu. PTI
Editor's Picks »
- Congress wins Chhattisgarh by a landslide, puts an end to Raman Singh era
- Opinion| A comprehensive rejection of BJP by Chhattisgarh
- Opinion: Why Urjit Patel will not be missed as RBI governor
- Even the Raman Singh factor could not prevent the BJP debacle in state
- Kochi biennale attempts to make India ‘a place beyond belief’
- Steel stocks get winter chill as China demand issues resurface
- Why Uday Kotak’s defiance is scaring his bank’s investors
- Exit RBI governor Urjit Patel, enter wrath of the markets?
- The government has a troubling message for minority shareholders
- Opec-allies’ output cut may not amount to big shift in oil prices