Cost of Renewable Energy Projects

The cost of renewable energy power generation in India is competitive compared to the cost in other countries. In India, the solar power installation cost has reduced significantly over last three years. The installation cost of wind power projects in India is also competitive in comparison of other countries. This was stated by Sh. Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Lok Sabha. The Minister further stated that the India has signed 39 Memorandum of Understanding (MoU) / Agreements in the field of Renewable Energy, under which there are a number of Joint Working Groups (JWG). The cooperation also includes issues of developing renewable energy sources in the country. The 12th Five Year Plan targets a cumulative renewable power installed capacity of 55 GW by end of March 2017. Rs.19,113/- Crore has been allocated in the Five Year Plan for the purpose, the Minister added.

Installation of Solar Water Pumps

Image courtesy: agricorner.com

The Government has proposed a programme for installation of one lakh solar pumps for irrigation and drinking water purposes across the country. This was stated by Sh. Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Lok Sabha today. He said a total number of 11626 solar pumps have already been installed in the various parts of the country till 31/03/2014. A total of 14788.45 lakh rupees have been sanctioned for solar pumps under “Off grid and Decentralized Solar Applications’’ scheme of Jawaharlal Nehru National Solar Mission to 12 states.