{"id":23094,"date":"2021-03-17T11:35:54","date_gmt":"2021-03-17T06:05:54","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=23094"},"modified":"2021-03-17T11:35:54","modified_gmt":"2021-03-17T06:05:54","slug":"india-achieves-53-of-its-target-re-installations-in-february-2021","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2021\/03\/17\/india-achieves-53-of-its-target-re-installations-in-february-2021\/","title":{"rendered":"India Achieves 53% of its Target RE Installations in February 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">India so far attained ~93 GW of total RE capacity installation in February 2021. It has ~50 GW\u00a0of renewable energy projects underway and ~27 GW under various bidding stages. The country installed more nearly 420 MW in the month of February itself. Out of the total 93 GW,\u00a0solar and wind both roughly accounted for ~39 GW each of the total, followed by bio-power at 10 GW and small hydro projects at ~5 GW.<\/p>\n<p style=\"text-align: justify;\">India is at <em>53% of its expected target of 175 GW<\/em> of RE installations by 2022. India had to install 20 GW at an average each year to achieve the said goal, the country, however, could achieve ~12 GW capacity installations each year. In addition, the COVID-19 situation had dampened the pace of installations in the last year. The government has tried to kick start the revolution by announcing the PLI scheme, <a href=\"http:\/\/www.greenworldinvestor.com\/2021\/03\/12\/the-upcoming-basic-customs-duty-bcd-on-solar-imports-in-india\/\" target=\"_blank\" rel=\"noopener\">upcoming\u00a0BCD duties<\/a>, revised metering regulations on\u00a0rooftop installations, etc.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2015\/04\/hawaii-solar.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16705\" src=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2015\/04\/hawaii-solar.jpg\" alt=\"Rooftop solar\" width=\"275\" height=\"183\" srcset=\"https:\/\/iiec-india.org\/greenworld\/wp-content\/uploads\/2015\/04\/hawaii-solar.jpg 275w, https:\/\/iiec-india.org\/greenworld\/wp-content\/uploads\/2015\/04\/hawaii-solar-113x75.jpg 113w\" sizes=\"auto, (max-width:767px) 275px, 275px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Also, ready\u00a0<em><a href=\"http:\/\/www.greenworldinvestor.com\/2021\/03\/10\/what-makes-india-a-lucrative-market-for-solar-investors\/\" target=\"_blank\" rel=\"noopener\">What makes India a Lucrative Market for Solar Investors<\/a><\/em><\/p>\n<p style=\"text-align: justify;\">The government\u00a0has also announced the development of the <em>world\u2019s largest\u00a0floating\u00a0solar energy project<\/em> with 600 MW capacity in Madhya Pradesh to be ready by 2022-23 while, India\u2019s largest\u00a0floating solar\u00a0power project is expected to be commissioned in Telangana by 2021. Other states like TN, WB, and Karnataka are also developing floating solar plants. The <em>solar industry\u00a0is expected to generate around\u00a0300,000 jobs<\/em>\u00a0by 2022, with major employment generation in the rooftop solar segment. It is estimated that a small-scale\u00a0floating solar plant with a capacity of less than 1 MW\u00a0will employ 58 workers while a mid-scale plant with a capacity of less than 10 MW\u00a0has the potential to\u00a0employ 45 people.<\/p>\n<p style=\"text-align: justify;\">India has vowed to\u00a0provide cheap electricity available 24\/7, to its entire population by 2030. The prices of solar have declined by more than 80% in the last decade and are expected to further fall by over 60% by 2040.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India so far attained ~93 GW of total RE capacity installation in February 2021. It has ~50 GW\u00a0of renewable energy projects underway and ~27 GW under<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[30,40,45],"tags":[2740,2748,4881,5690,6200],"class_list":["post-23094","post","type-post","status-publish","format-standard","hentry","category-india-green-stocks-greeninvest","category-renewable-energy","category-solar-renewable-energy-greeninvest","tag-india-achieves-53-of-its-target-re-installations-in-february-2021","tag-india-attained-93-gw-of-total-re-capacity-installation","tag-solar-industry-employment-generation","tag-upcoming-floating-solar-plants-india","tag-worlds-largest-floating-solar-energy-project"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/23094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=23094"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/23094\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=23094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=23094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=23094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}