PV-EDGE 2020- To be Oragnised by NITI Ayog, Renewable Ministry and Invest India.

NITI Aayog, The New and Renewable Energy Ministry, and Invest India will organise a global symposium virtually ‘India PV EDGE 2020’ on October 6.

Highlights

  • The summit is being organised in order to catalyse cutting-edge solar cell manufacturing in India.
  • There will be sessions including the plenary session, sessions on ‘Wafers and Cells, Session on ‘Modules and Production Equipment’ and a session on ‘Supply Chain.

Significance

The solar deployment is a flagship green growth story of the last decade. In the line, the summit would act as an instrument to accelerate the growth and build a climate-resilient world.

India’s Solar Capacity

As of August 31, 2020 India’s installed solar capacity was 35,739 MW. The Indian government had initially targeted for 20 GW capacity by 2022. But, it was achieved four years ahead of schedule. This target was revised in 2015 and raised to 100 GW of solar capacity that also include 40 GW from rooftop solar by 2022. For achieving the target, India has established 42 solar parks. India has now become the third-largest solar capacity country in the world. It has again revised the target to 450 GW of renewable capacity by 2030 that comprises solar energy of 300 GW.

 International Solar Alliance (ISA)

India also proposed and set up the International Solar Alliance (ISA) with its headquarter at Gurugram, Haryana. India is a founder member. Apart from that. India has also put forward the “One Sun One World one Grid” concept and “World Solar Bank” in order to harness the solar power globally.