India must strengthen grid infra to boost renewable energy: IRENA
India must strengthen grid infrastructure to support its “strong push” towards renewable energy especially solar, said the head of the International Renewable Energy Agency (IRENA).
“The main constrain in India right now is the grid,” said IRENA Director-General Adnan Z Amin. “There is a huge upsurge in investment,” he said of the renewable projects being implemented in the country.
India has set a target of 175 GW of renewable energy, including 100 GW of solar, to be installed by 2022. Investment is not a constrained while a lot of companies are re-tooling their production capabilities, he noted.
“I think renewable energy has a huge future in India and it is moving really very fast,” Adnan told reporters after delivering a keynote address at the campaign launch of Singapore International Energy Week to be held from Oct 29-Nov 2, 2018. He also recommended that the government should try to create an investment climate where the cost of finance comes down.