Prime Minister Narendra Modi during his speech at RE-Invest 2020 on Thursday said that India in last 6 years has increased its installed renewable energy capacity by two and half times.
The prime minister also said that India’s renewable power capacity is 4th largest in the world and it is growing at a rapid speed. “Today, India’s renewable power capacity is the 4th largest in the world. It is growing at the fastest speed among all major countries.The renewable energy capacity in India is currently 136 Giga Watts, which is about 36% of our total capacity,” PM Modi said.
“You would be happy to know that our annual renewable energy capacity addition has been exceeding that of coal based thermal power since 2017. In the last 6 years, we increased our installed renewable energy capacity by two and half times,” he added.
PM Modi further said that India is a perfect example of sound environmental policies also proving to be sound economics. “Even when it was not affordable, we invested in renewable energy. Now our investment and scale is bringing costs down. We are showing to the world that sound environmental policies can also be sound economics,” he said.
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