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Reduction in cost will provide a major boost to renewable energy: PM Modi

Updated: September 9, 2020 1:05 pm
Prime Minister Narendra Modi has said that technology holds the key to scale up the use of solar energy. In a message  at the inaugural session of First World Solar Technology Summit yesterday, Mr Modi said that  technological achievements have already brought about a significant reduction in the price of solar power. His message was read out  by Minister of  Power and New and Renewable Energy and the President, International Solar Alliance (ISA) Assembly R K Singh in the Summit yesterday.

He said, a further reduction in the cost will provide a major boost to the use and expansion of renewable energy.  The Prime Minister re-iterated that five years ago, world leaders had taken a pledge to restrict the rise in global temperature through a gradual reduction in the dependence on fossil fuels. Underlining India’s commitment lowering carbon footprints, he stressed that India has lowest per-capita carbon emissions in the world but we have still pressed ahead with deployment of renewable energy at a frenetic pace.

Speaking on fast growth of Renewables in India, he further informed that India has enhanced its installed renewable capacity by 2.5 times and increased solar installed capacity by more than 13 times. Mr Modi said, globally India now ranks 4th in terms of Renewable power. Referring to India’s support to ISA member countries the Prime Minister said India is providing capacity building support to ISA member countries through its ITEC training programme.

Minister of Petroleum and Natural Gas Dharmendra Pradhan in his address announced that five Public Sector Undertakings (PSUs) under his  Ministry will be joining International Solar Alliance (ISA)’s Coalition for Sustainable Climate Action (ISA-CSCA) as Corporate Partners.

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