The Ministry of New and Renewable Energy (MNRE) is trying hard to instil confidence in the minds of the investors by creating an enabling environment to accomplish the target of 1 lakh MW of solar energy and 60,000 MW of wind energy over the next five years.
The revised target of installing renewable energy projects in the country has put both the RE industry and the government on their toes. The MNRE, Indian Renewable Energy Development Agency(IREDA), CII, FICCI and the industry leaders have risen up to the task.
In wake of RE-INVEST the government has asked the private players, PSUs and government organisations to pledge their support by committing to set up renewable energy projects. This initiative has been well received by the RE industry, and it is believed that a commitment of more than 1 lakh MW of renewable energy projects have already been signed by various companies and organisations.
It is believed that more and more commitments are expected to come as the event gets closer. It is estimated that the cumulative RE project commitment is likely to be more than the envisaged capacity.
Article source: http://feedproxy.google.com/~r/Energynext/~3/Au2PmPiQS10/
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