293 firms commit to generate 266 GW renewable energy in 5 years

As many as 293 companies have committed to generate 266 GW of renewable energy in the next five years under the government’s ambitious RE-Invest programme unveiled by Prime Minister Narendra Modi. Country’s largest power producer NTPC has also said it would generate 10,000 mw of power through green sources in the next five years. Renewable energy companies including Suzlon and Gamesa have committed to manufacture equipment to help generate 11,000 mw and 7,500 mw of power respectively to be used in the non conventional energy side. Among others are Welspun Energy with a target to generate 11,000 mw renewable energy, followed by ReNew Power 11,500 mw capacity, Reliance Power 6,000 mw, Hindustan Power projects 10,000 mw and Sun Edison 15,000 mw. Country’s biggest lender SBI has said it will finance 15,000 mw renewable energy over the next five years.

Leave a Reply