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Investment of Rs 90,841 crore made in renewable energy sector in last 3 fiscals

Total investment made in renewable energy sector in all states, including Jharkhand and Gujarat, during the last three years is Rs 90,841.16 crore, Piyush Goyal has said.

Wind energy
"Renewables are now established around the world as mainstream sources of energy," (Reuters)
Wind energy
The maximum investment was in wind energy sector at Rs 46,831.86 crore during the period, followed by solar at Rs 30,440 crore. (Reuters photo)

An investment of Rs 90,841.16 crore was made in the renewable energy sector in the country during three fiscals to 2015-16, government said today.

“Total investment made in renewable energy sector in all states, including Jharkhand and Gujarat, during the last three years is Rs 90,841.16 crore,” New & Renewable Energy Minister Piyush Goyal said in a written reply to the Rajya Sabha.

The minister also informed the House that the Ministry of New and Renewable Energy has provided financial support of Rs 6,541.04 crore towards capital subsidy/viability gas funding/ generation based incentives in the three-year period till March 31, 2016.

The maximum investment was in wind energy sector at Rs 46,831.86 crore during the period, followed by solar at Rs 30,440 crore, biogas & bagase cogeneration at Rs 7,382.40 crore and small hydro (up to 25 MW) at 6,186.90 crore.

In a separate reply, the minister said that the ministry has released Rs 941.88 crore to the states under schemes for providing solar power to villages in the country.

In another reply to the House, the minister said, “During the 12th Five Year Plan Period, against the target of 88,537 MW generation capacity additions from conventional sources, 84,990.7 MW has been achieved as on March 31, 2016.”

The minister also informed the House that the tentative power generation capacity addition from sources like thermal, hydro and nuclear is 16,654.5 MW during the current fiscal.

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