Sumant Sinha Calls PM Modi's New 450 GW Renewables Target 'fabulous'

Economy

Sumant Sinha, ReNew Power's MD, spoke exclusively to Republic TV after PM Modi said that India will set its target upto 450 gigawatts at Climate Action Summit

Written By Apoorva Rao | Mumbai | Updated On:

Sumant Sinha, the MD of ReNew Power, spoke exclusively to Republic TV after PM Narendra Modi gave a speech at the United Nation's Climate Action Summit. Sinha said to Republic's Editor Niranjan Narayanaswamy about PM Narendra Modi's decision to set the target of 450 gigawatts for non-fossil fuels. Sinha said that this move will create job opportunity in the sector. He also said that growth in the sector will be unabated.

READ | PM Modi upps ante on renewables, targets 450 GW after '175 GW by 2022'

Sumant Sinha, ReNew Power MD on India's non fossil target

"Look, I think we made some fairly good progress over the last several years and the government's target is set towards 175 gigawatts by 2022. The reality is that the government has reset the target of 450 gigawatts, the time period has not been specified but I suspect it is probably around 2030 or something around that time period and that just means that the growth in that sector will continue unabated and I think that will throw up a lot of opportunities, so I think India is really taking the leadership in this area and I think that is quite fabulous to see that. You know it's a new area and it's an area where India can certainly demonstrate leadership and apart from the actual physical targets as you know the prime minister has also set up the (unclear) so I think he has taken the lead globally in this area which is very important right now," said ReNew Powers MD.  Watch the full interview in the video above.

READ | PM Modi delivers big message on renewable energy on sidelines of UNGA

PM Modi announces non fossil fuel target of 450 gigawatts

PM Narendra Modi, while addressing world leaders at the summit on Monday, had called for a "global people's movement" to bring about a behavioural change to deal with climate change He made a path-breaking pledge to more than double India's non-fossil fuel target to 450 gigawatts. A new leadership group, to be led by India and Sweden, was announced at the United Nations Climate Action Summit to help guide the world's heaviest greenhouse gas emitting industries towards low-carbon economy, an official of the Union Ministry of Environment said on Tuesday. Besides India and Sweden, the other countries which are the part of the initiative include Argentina, Finland, France, Germany, Ireland, Luxembourg, the Netherlands, South Korea and the UK, he said, adding several companies are also an active part of the group

READ | PM Modi to articulate India's plans for renewable energy at UN Summit

Union Minister Prakash Javadekar on India & Sweden taking lead in clean energy

Republic TV spoke to Union Minister Prakash Javadekar in an exclusive interview where he briefly spoke about the need for industrial transition from fossil fuels to clean renewable energy. Javadekar further spoke about India-Sweden venture to switch to clean energy and said that "Deputy Prime Minister and I are taking the leadership role." He asserted that a transition would happen only through technology and that technology should be available at an affordable price.

READ | Prakash Javadekar speaks about industrial transition to clean energy

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