India Will Reach 175 GW Renewable Energy Capacity Before 2022: PM Modi

In his G-20 summit address, PM Modi claimed that India will meet its goal of 175 GW of renewable energy capacity well before the target of 2022.

Prime Minister Narendra Modi participated in the 15th G20 Summit convened by Saudi Arabia in a virtual format, on 21-22 November 2020. In his address, Modi claimed that India will meet its goal of 175 GW of renewable energy capacity target well before the target 2022 and that India is now more focused on reaching its next target of 450 GW capacity by 2030.

In his speech underscored that for an inclusive, resilient and sustainable recovery in a Post COVID world, effective global governance is required and reformed multilateralism through improvement in character, governance and processes of multilateral institutions is the need of the hour.

Speaking at the #G20RiyadhSummit. https://t.co/lCqzRQnKhD

— Narendra Modi (@narendramodi) November 22, 2020

 The PM further underscored the importance of the 2030 Agenda for Sustainable Development Goals aimed at ‘leaving no one behind’. He said that India is following the same principle in the ‘Reform-Perform-Transform’ strategy to move forward and inclusive development efforts that are participative.

He said that India is not only meeting Paris Agreement targets but will be exceeding them. He emphasized that India has been inspired by its traditional ethos of living in harmony with the environment and has adopted a low carbon and climate resilient development approach. 

He then went on to say that “We will meet our goal of 175 GW  of renewable energy well before the target of 2022. Now, we are taking a big step ahead by seeking to achieve 450 GW by 2030.”

PM Modi recently also attended the 8th Convocation of Pandit Deendayal Petroleum University, Gandhinagar, Gujarat. At the ceremony, the PM said that the country is moving forward with the goal of reducing its carbon footprint by 30-35 percent over the coming years. 

The PM also laid the foundation stone for a 45 MW production plant of monocrystalline solar PV panel at the ceremony. He also laid foundation stones and inaugurated many other facilities like ‘Centre of Excellence on Water Technology’, Translational Research Centre’, at the PDPU Campus.

Addressing the students, the Prime Minister said it is not an easy thing to graduate at a time when the world is facing such a big crisis, “but your abilities are much bigger than these challenges.” He added that students are entering the industry at a time when due to pandemic, major changes are taking place in the energy sector across the world.

He then remarked that in this way, at present the energy sector in India has immense potential for growth, Entrepreneurship and employment. He announced that today the country is moving forward with the goal of reducing its carbon footprint by 30-35 percent and efforts are taken to increase the share of Natural Gas in our energy needs by 4 times in this decade. Further, he also informed that work is on to double the oil refining capacity in the next five years, the energy security related startup ecosystem is being strengthened and a fund has been created for students and professionals.