PM welcomes foreign investments in renewable energy sector; Describes India most attractive market for clean energy

Prime Minister Narendra Modi has welcomed foreign investment in the renewable energy sector and described India the most attractive market for clean energy. He said solar energy will play a big role in Atmanirbharta or self reliance, and remains a core focus of the government. Prime Minister was inaugurating Asia’s biggest solar project in Rewa, Madhya Pradesh through vodeo link yesterday.

The 750 MW plant in Rewa is the first renewable energy project to provide energy outside the state to Delhi Metro. Mr Modi said he expects Madhya Pradesh to become a hub of clean energy in India with the addition of this project. The state currently has solar energy projects in construction at Neemuch, Shajapur, Chattarpur and Omkareshwar.

Calling solar energy “sure, pure, and secure”, Mr Modi said India is one of the most attractive markets for clean energy. He said Solar energy is going to be a major medium of energy needs, not only today but in the 21st century. He said that Rewa’s “ultra mega” project will reduce carbon dioxide emissions every year by about 1.5 million tonnes, which would have otherwise been a by-product of conventional energy sources.

On reducing reliance on imports, Mr Modi said the government has realised the need for commissioning many such other projects which would manufacture PV cells, batteries and storage equipment.