Renewable Energy India Strengthens Renewable Energies
India's Union Minister of New and Renewable Energy, Dr. Farooq Abdullah has said that India is committed to increasing the share of renewable power in the electricity mix to 15 per cent by the year 2020. He said an action plan has already been developed that aims at accelerating the deployment of renewable energy with a target of around 30 GW of renewable power by 2017.
Dublin/Ireland – Addressing a distinguished gathering at the Institute of International and European Affairs (IIEA) in Dublin in Ireland, Dr. Abdullah stated that, with a present installed capacity of over 25 GW of grid-connected power, India today stands among the top five countries of the world in terms of renewable energy capacity. Dr. Abdullah said renewable power represents about 12 per cent of total installed electricity generation capacity in India. He added that E&Y all renewables Country Attractiveness Index has ranked India as the 4th most attractive investment destination.