India’s renewable energy growth is unparallel in the world with continuous support from states, Union Minister R K Singh said on Friday asserting that renewables are becoming cheaper in the country. The renewable energy minister was speaking at the Chief Ministers’ Plenary session of the virtual 3rd Global RE-INVEST Summit.
“India has done an exemplary work in the space of renewable energy and running the largest energy access expansion plan. We have connected every household, connected whole country into one integrated grid and we are the only G20 nation which has been able to keep the temperatures within 2 degree by its actions,” Singh said in a statement.
He was of the view that renewable energy is becoming cheaper in India and lauded all the chief ministers for the great work.
Singh also informed the session that India has attracted USD 64 billion foreign investment in Indian renewable industry in the last 4 years.
He added that India has emerged as one of the most attractive investment destinations in the world with all major pension funds investing here.