Clean energy can bring $100 bn investment in 4 yrs: Goyal

Union power minister Piyush Goyal estimates that India’s renewable energy sector will be able to attract investments worth $100 billion ( Rs. 6 lakh crore) in the next 3-4 years. He assured full support from government to domestic solar equipment makers.Goyal said the government was committed to safeguard the interest of domestic manufacturers of solar panels and would come up with a five-year plan for this.
Referring to anti-dumping duty Goyal said, “I am happy that the issue of anti-dumping has been resolved. The commerce ministry was informed by domestic manufacturers that they have withdrawn their plea for an anti-dumping duty on solar panels.”The Jawaharlal Nehru National Solar Mission, introduced in 2011, aims to have solar capacity of 20,000 MW by 2022.Goyal also said the NDA government was committed to support research and development initiatives in the renewable energy sector. “A Rs 200-crore pilot project to examine the potential of solar and thermal power with IIT Jodhpur has been approved,” the minister said.