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Last Updated: NOVEMBER 12, 2021

New Delhi: India added 1,522.35 megawatt (MW) of (RE)  renewable energy capacity in October 2021, which took the total installed RE capacity to 103.05 gigawatt (GW) as on 31 October, 2021, according to the monthly Cabinet brief issued by the ministry of new and renewable energy (MNRE) on Friday. This included 47.66 GW of solar, 39.99 GW of wind, 10.58 GW of biopower and 4.82 GW of small hydro capacity. According to the October brief, projects of 50.98 GW capacity were at various stages of implementation while projects of 32.06 GW capacity were under various stages of bidding.

An expenditure of Rs 2,265.99 crore was incurred up to 31 October, 2021 which was about 39.39 per cent of the total Budget Estimate for the ministry for 2021-22.The ministry note added that Letters of Award were issued on 4 October, 2021 for setting up of aggregate capacity of 5,000 MW solar power plants using domestically manufactured solar PV cells and solar modules by the Indian Renewable Energy Development Agency under Tranche-III of MNRE’s CPSU Scheme Phase-II. India had set an ambitious target of 175 GW capacity by 2022, which would include 100 GW of solar energy, 60 GW of wind energy, 10 GW of small hydro power, and 5 GW of biomass-based power projects. However, PM Narendra Modi recently raised the nationally determined contribution target of non-fossil energy capacity to 500 GW by 2030 from 450 GW earlier at COP26 Glasgow. According to a PTI news report released this month, renewable energy minister R K Singh had said that India will easily achieve the target of 50 per cent share of energy from non-fossil fuels and also the 500 GW RE capacity before the deadline of 2030 set by Prime Minister Narendra Modi.

Source Link: https://energy.economictimes.indiatimes.com/news/renewable/india-adds-1522-mw-renewable-energy-capacity-in-october-2021/87663916