India attempts to take pole position in the world's clean-energy transformation

Elias Hubbard
March 14, 2018

This comes even as India chases the world's largest renewable programme, targeting 175 gigawatts (GW, or 1,000 megawatts) of renewable power by 2022 against its current capacity of around 60 GW. "I am happy to announce that to fill the gap of solar technology, India will start a solar technology mission with worldwide focus, which will cover all government technical and educational institutions", Prime Minister Narendra Modi said, announcing the unprecedented investment.

Addressing the plenary session of the conference at which 23 heads of nations and 10 ministerial representatives were present in New Delhi, Prime Minister Modi said there should be a full ecosystem for availability and development of technology, economic resources, and development of storage technology, mass manufacturing and innovation.

The NDA government yesterday called for concessional financing and less-risky funds for solar projects to increase the share of solar power in the energy basket, provide cheaper electricity and reduce carbon emissions to fight climate change.

First Solar Inc (NASDAQ:FSLR) has been selected by Vectren Energy Delivery of IN to construct a 50-MW solar farm IN southwestern IN, the companies said today.

The solar energy sector, facing a challenge of funding, received considerable support at the conference.

Governor Cuomo also announced at New York University that the state is seeking an exemption from the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) which was announced earlier this year by US Secretary of the Interior Ryan Zinke. "This is a total disregard for science, reality, and history, and their actions defy everything we know".

Prime Minister Narendra Modi President Macron will jointly inaugurate a solar plant in Mirzapur district of Uttar Pradesh today. He said the member countries of the ISA would ensure distribution of finance and expertise.

Other reports by Click Lancashire

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