New & Renewable Energy Secretary Anand Kumar has expressed confidence that India would achieve renewable energy (RE) target of 175 gigawatt (GW) of installed capacity well before 2022 for which bidding process would be completed on time. He also said that International Solar Alliance (ISA) shall help mobilize enough funds for solar energy projects. He added that over the years the renewable energy has become cheaper and is set to replace conventional energy, which is a healthy development.
Kumar has pointed out that the country has one of the fastest growing renewable energy programmes in the world. He also said that Prime Minister wants India to emerge as the innovation hub for which they have to start thinking and supporting about the new ideas for renewable sources particularly in solar energy with the objective of making energy available to common man at an affordable prices.
The Secretary further said that the ISA is an excellent idea which helps millions of people to provide universal energy excess. He noted that the ISA is conceived as a coalition of solar resource rich countries to address their special energy needs and to provide a platform to collaborate on addressing the identified gaps through a common, agreed approach. He added that it has the backing of around 121 countries rich in solar energy.