India targets lofty renewable energy goals with $6 billion deal to ramp up solar

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India targets lofty renewable energy goals with $6 billion deal to ramp up solar
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The country is still heavily reliant on coal, but this could change in the years ahead.

has won a major contract which will see the firm develop 8 gigawatts of solar power over the next few years, as authorities in the country look to ramp up capacity to meet ambitious renewable energy targets.

In terms of the manufacturing facilities, Adani said that these would be set up by the year 2022. They will supplement a current production capacity of 1.3 GW and represent the latest example of India attempting to boost its domestic manufacturing capabilities. According to AGEL, the deal announced Tuesday will lead to the creation of 400,000 direct and indirect employment roles.

Prime Minister Narendra Modi's government has set itself some ambitious targets when it comes to renewable energy, including a near term goal of 175 GW of renewable capacity by the year 2022. Capacity refers to the maximum amount that installations can produce, not what they are currently generating.

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