GREEN ENERGY TARIFFS WILL FALL FURTHER, HELP ACHIEVE TARGETS: SHRI ANAND KUMAR

Renewable energy tariffs that have already tumbled to a record low will fall further and help India achieve its ambitious targets for generating green electricity, Secretary, MNRE, Shri Anand Kumar said. “In the years to come, with the technology improving, we expect that the tariffs would go down further, both in solar and wind sector,” Kumar told The Economic Times. “The ministry welcomes this trend of falling tariffs, which will provide a boost to the renewable energy sector in the country,” he added.

“This is a boost to the renewable energy sector and it makes RE power affordable for the benefit of the common man. As more and more renewable energy would be generated, the issue of grid balancing will be automatically taken care of. Power from renewable sources will bring a household revolution in the country,” Shri Anand Kumar said. Lowering the tariffs will help the country realize its goal of adding 175 GW renewable energy capacity by 2022, Kumar said, as there will be more takers for cheaper power. “I am confident that we will not only achieve this target, but will also exceed it,” he said.

Source: http://economictimes.indiatimes.com/