October 2018 \ Business & Investment \ BUSINESS AND GOVERNANCE

India wants to create a robust ecosystem for the manufacture of solar panels in the country to give a filip to the sector which ...

Elaborating on India's strides in clean energy development during the tenure of the NDA government, Modi said that 72 gigawatt (GW) of renewable energy capacity had been added in this period, while solar capacity had gone up nine-fold from earlier. "Power storage is equally important and a National Energy Storage Mission is being drawn up from the perspectives of demand creation, manufacture, innovation and augmenting storage capacity," the Prime Minister said.

He said that towards achieving the government's target of achieving 175 GW renewable energy capacity by 2022, it is planned to install 28 lakh solar pumps across the country in the next four years which would add capacity of 10 GW.

Giving the call of "One World, One Sun, One Grid", Modi said that the "ISA will assume tomorrow the role that the OPEC (Organisation of Petroleum Exporting Countries) is playing today. We are moving to a future where oil wells will be replaced by the rays of the sun in meeting our energy needs," he said.

Tags: solar energy

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