Government planning $1 billion fund for RE sector
Union Minister Piyush Goyal said that the government is planning a $1 billion private equity fund for the renewable energy (RE) sector. “We are planning a $1 billion private equity fund for the RE sector, initially seeded by government companies,” the minister said. He further said the government is also seeking to collect $4 billion per year in the next three-four years for a clean energy fund. He said that the government is confident of meeting its 175,000 MW renewable energy target by 2022. “We are engaging with MIT and Australia to develop clean coal technologies,” he said.
“66% of solar panel imports are from China”
About 66 per cent of the total imports of solar power panels were from China during the first three months of the fiscal, Parliament was informed. As many as 2.92 crore solar power panels were imported from China out of the total imports of 4.41 crore panels during April-June, Union Power Minister Piyush Goyal said in a written reply in Lok Sabha.