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Thursday, 11 July 2019

India has set ambitious targets of 175 GW of RE by 2022 to promote renewable energy.




To promote renewable energy, India has set the ambitious target of 175GW RE by 2022, which has accelerated the pace of renewable energy in the country, as well as the business is making a strong effort to buy it.

A new report by WWF-India, "Renewable Energy Demand in India: The Report provides the vision of corporate renewable energy buyers, increasing the corporate RE procurement trends.

Mr. Girish Pradhan, former Chairman, Central Electricity Regulatory Commission and former Secretary MNRE said, "Because of the many factors due to ambitious renewable energy targets, active policies, private partnership, India has doubled its RE capacity in the last three years, That was a sharp change in the field of electricity.

According to the report, Corporates constitute more than 50% of India's electricity demand.

Nearly 70% of the top 100 companies on the NSE are already purchasing REs, 27% have made greenhouse gas commitments, and 22% have made renewable energy commitments.

It is encouraging to see that the increasing number of corporations is less than 100% of renewable electricity, and the government wants to be able to make changes.
This will not only boost the upliftment of RE in India, but will generate greater business for the discom, while reducing the likelihood of losing existing customers.

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