Coal India to generate 1 GW clean energy this fiscal

Coal India to generate 1 GW clean energy this fiscal”

Riding high on massive response from investors in green power projects, Union Power and Renewable Energy Minister Piyush Goyal on Thursday said the government is confident that solar power generation capacity would reach 22 gigawatt (GW) in the current fiscal against the existing 12 GW in the country. Renewable energy will get first priority in the future, but since such energy varies considerably depending on the intensity of solar radiation or the velocity of the wind blowing, thermal energy must be in a position to provide the backup needed, it added.

The second volume of the report, to be released in July, takes a more in-depth look at system operations in the Western and Southern regions.

As India has set ambitious target of generating 175 GW from all renewable sources by 2022, the government is wooing companies to invest in the green energy sector.

"Solar power plays a vital role in our renewable energy mix, and the United Kingdom is one of the world leaders in solar deployment", said Steve James, director corporate solutions at Opus Energy.

India's solar power generation capacity would almost double to 22 GW by the end of current fiscal and more wind power auctions are expected in the coming months, Minister for Power, Coal, New & Renewable Energy Piyush Goyal said on Thursday.

Electricity regulator Central Electricity Regulatory Commission had in May notified a regulation allowing coal plants to operate at a technical minimum 55% capacity against the earlier 70%.

The study also evaluates the value of strategies to better integrate renewable energy and demonstrates the importance of policy and market planning. "Combined and collaborative efforts such as these are labour and data intensive and detailed and often go unsung but are critical to creating the backbone for a reliable grid". Energy is a key determinant of growth and India needs sustainable energy sources to continue to grow at 7-8 per cent annually.

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