Clean energy projects get Rs 42K cr investment in FY16 - Feedback

As much as Rs 42,000 crore was invested in renewable energy projects last fiscal with Madhya Pradesh remaining at the top with maximum inflow at Rs 8,867.34 crore, Parliament was informed today.

“Most of the investment in renewable energy came from private sector. Total estimated investment in renewable energy power projects during 2015-16 assuming an investment of Rs 6 crore per MW is around Rs 42,000 crore,” New and Renewable Energy Minister Piyush Goyal said in a written reply to the Lok Sabha today. The maximum flow of investment in renewable energy projects last fiscal was recorded in Madhya Pradesh at Rs 8,867.34 crore followed by Tamil Nadu (Rs 6,346.2 crore) and Rajasthan (Rs 6,058.68 crore). In another reply, the minister said that as per the Central Electricity Authority, share of renewable energy in the electricity mix in the year 2014-15 was 7.16 per cent, less than suggested under NAPCC.

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