India to focus on Increasing Storage and Democratising; RK Singh

NEW DELHI: Speaking at the valedictory session of the 3rd Edition of the Renewable Energy Expo & Conference on Sunday RE-INVEST, 2020, R K Singh, Minister of Power and New & Renewable Energy and Skills said “This edition of the RE-INVEST has been a huge success despite COVID19 pandemic.

India has continued to innovate in Renewable Energy deployment by increasing capacities and adopting practical solutions, newer technologies, and market mechanisms. Our adoption of floating solar, wind-solar hybrid contracts, peaking power, and venture into Round-the-Clock (RTC) procurement contracts are indications of such innovation.

Several states of India have also supported by putting in place incentives for the increased deployment of RE. These steps will be collated and taken to the global investors.”

Highlighting India’s drive to bring in more energy access with a target of 450 GW by 2030 and through reduction of prices and use of clean fuels, the Minister added, “Increasing efficiencies in Solar PV and wind modules is bringing down prices, enhancing affordability and accessibility of energy and supporting better standards of living.” As a policy, India will shift to ‘Green Ammonia’ from imported Ammonia, as well as add volumes in the usage of hydrogen.