Home » News » India to generate 100 GW solar energy by 2022: Suresh Prabhu 

India to generate 100 GW solar energy by 2022: Suresh Prabhu 

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu said that demand for energy will increase due to rapid development taking place in India and fossil fuel is not going to last forever and therefore there is need for renewable energy. He was speaking at afunction of International Solar Alliance (ISA) Innovation and Investment Forum in New Delhi today. Suresh Prabhu said that fossil fuel is not going to last for ever even if its resources are managed in the best possible manner. He said that the use of shale gas and oil is limited and it adversely impacts the environment. The threat of climate change has become a reality and it has affected bio-diversity of the planet. Imbalanced use of energy is the root cause of many environmental problems in different parts of the world. It is causing unprecedented heat wave conditions in Europe, intensity and frequency of typhoons have also increased.

Referring to variations in Monsoon rainfall in India, the Minister said that India is in no way responsible for what is happening in the atmosphere over Indian Ocean, but it has to bear the consequences of ocean warming. He said that the time has come when we will have to switch over to the clean form of energy like solar power.

The Minister stated that the idea of solar alliance was conceived by Prime Minister, Narendra Modi, in 2015 as a treaty based international intergovernmental organization. ISA stands for co-operation among 121 solar rich countries lying fully or partially between the tropics in order to promote massive deployment of solar energy and make solar energy affordable.

He said ISA provides an opportunity to all countries to bring prosperity, energy security and sustainable development to their peoples. He said that once the generation of solar energy goes up, its prices will come down. Suresh Prabhu stressed on joint efforts required to reduce the cost of finance and technology for massive production of solar energy. He said many firms of Australia and Japan are keen to invest in India in solar energy sector. The Minister emphasized on the need for sending market signals so that more funds are invested in R&D in solar energy. India has set a target to generate100 GW solar energy by 2022 for increasing share of carbon free energy in the energy mix.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Shri Dharmendra Pradhan addresses USISPF-3rd annual leadership summit; Invites US companies to partner in Aatmanirbhar Bharat campaign

Minister of Petroleum and Natural Gas and Steel, Shri Dharmendra Pradhan today participated in the ...

Government Blocks 118 Mobile Apps Which are Prejudicial to Sovereignty and Integrity of India, Defence of India, Security of State and Public Order

The Ministry of Electronics and Information Technology, Government of India invoking it’s power under section ...

India will play a leading role in the future global political framework in terms of economy and Disaster Risk Management:Nityanand Rai

  The Union Minister of State for Home Affairs, Shri Nityanand Rai has said that ...

Ministry of Shipping has facilitated more than 1 lakh crew change in Indian ports and charted flights

Ministry of Shipping has facilitated more than 1,00,000 crew change on Indian ports and through ...

Structural Reforms are a Key Priority of the Government: Finance Minister

Addressing the captains of the Indian Industry, Union Minister of Finance and Corporate Affairs, Smt. ...

Government of India and AIIB sign agreement for $500 million to improve the network capacity, service quality and safety of the suburban railway system in Mumbai

The Government of India, the Government of Maharashtra, Mumbai Railway Vikas Corporation and the Asian ...

DRDO identifies 108 Systems and Subsystems for industry to design, develop and manufacture towards achieving “Atmanirbhar Bharat”

Responding to the clarion call given by Hon’ble Prime Minister for “Atmanirbhar Bharat”, the Defence ...

NTPC develops infrastructure at Rihand for increasing the use of Fly Ash Utilization

NTPC Ltd., a central PSU under Ministry of Power and country’s largest power generation     company, ...

Tax system aims to be Seamless, Painless, Faceless : PM

Prime Minister Shri Narendra Modi launched a platform for “Transparent Taxation – Honouring the Honest” ...

POWERGRID posts Profit After Tax of 2,048 crore for Q1FY21.

Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI ...

WP2Social Auto Publish Powered By : XYZScripts.com