Push needed for renewable energy
Source: The Dollar Business Bureau The international financial bodies, including the World Bank, should give a clear roadmap and enhance their monetary commitment to at least 15 percent from the current 5 percent for development of renewable energy sector, opined a senior official from the Ministry of New & Renewable Energy. “The global bodies, like World Bank, must provide a clear roadmap and tell how much funds they will provide for renewable energy sector during the next five years as they are the chief controller of finances globally. Today, we require at least 15 percent for the sector but World Bank gives only 5 percent for India’s renewable energy sector,” said Upendra Tripathy, Secretary, Ministry of New & Renewable ...
Commitments of Re-Invest 2015 under progress: Minister
The Dollar Business Bureau The Union Minister of New and Renewable Energy, Piyush Goyal, on Thursday, informed that the Central government has started interactions with the State Governments to facilitate the fulfillment of the commitments received in the RE-INVEST 2015. In this regard, the Minister informed about the financial commitments given by the banks and financial institutions for Green Energy projects, up to 2021-22. According to the official statistics by the Ministry of New and Renewable Energy, Green Energy Financing Commitments submitted for financing up to 2021-22, in the recently held RE-INVEST 2015, accounts to about Rs 3,52,640 crores for 70,505 MW of generation. The Minister informed about the implementation of Green Energy Corridor Project for evacuation of renewable energy ...
