Renewable Energy Current Affairs - 2019
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India and Peru signed agreement in field of Renewable Energy. The pact was signed after bilateral meeting between Vice President M Venkaiah Naidu and Prime Minister of Peru Cesar Villanueva Arevalo in Lima. Vice President’s visited Peru was last leg of his first state visit to three Central American nations Guatemala, Panama and Peru. This was very important visit as it will help to enhance and strengthen India’s bilateral relations with these nations and will increase trade, investments and cooperation among these countries.
During the meeting, India and Peru discussed various bilateral and international issues of mutual interest. The discussions were held in field of pharmaceuticals, space, defence, supply of LPG, clean energy, agriculture and science & technology.
They also discussed possibility of collaboration in Quinoa cultivation and processing with Peru. Peru is important country for multilateral issues for India and it supported India’s candidature for permanent seat in United Nations Security Council (UNSC). Both countries agreed to work together to combat menace of terrorism.
According to Ministry of New and Renewable Energy (MNRE), India’s installed clean (renewable) energy capacity has already touched 70 Gigawatts (GW) and 38 GW is under implementation. This shows that India is progressing fast in areas of renewable energy and it is committed to meeting target of having 175 GW renewable energy (100GW Solar, 60 GW Wind, 10 GW Biomass and 5 GW Hydro) by 2022.
The 70 GW installed renewable energy capacity in country is double of capacity four year back. So far, around 56,000 solar power pumps were installed in FY 2017-18, which is highest ever in single year. The renewable energy capacity of 11,788 MW was s added during FY 2017-18, which was the highest ever in single year. MNRE has bid out 32,500 MW capacities in last fiscal, which is nearly 10 times capacity commissioned in 2013-14. It also has boasted about discovering lowest wind and solar power tariff of Rs 2.43 and Rs 2.44 per unit, respectively, in the last fiscal through tariff based competitive bidding. India also generated 100 billion units of electricity through renewables last fiscal, which is highest ever so far.