IREDA replaces SECI for 12 GW CPSU solar PV scheme (India)
The implementation of the second phase of the 12 GW Central Public Sector Undertaking (CPSU) scheme has been transferred from the Solar Energy Corporation of India (SECI) to the Indian Renewable Energy Development Agency (IREDA) by Ministry of New and Renewable Energy (MNRE). With this plan there would be an addition of 4 GW per year of new solar capacity between 2019-2020 (April 2019-March 2020) and 2022-2023.
By 2022, India has set a goal of achieving 175 GW from renewable energy, including 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydro-power. According to the statistics, installed renewable power capacity in India crossed the 84 GW threshold in December 2019 (84.4 GW), with solar capacity 32,530 MW, biomass capacity 9,940 MW, wind power capacity reaching 37,280 MW and small hydro-power capacity 4,650 MW.