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India targeting 40% of power generation from non-fossil fuel by 2030: PM Modi

India is targeting 40 per cent of electricity generation from non-fossil fuel-based resources by 2030 as it looks to tap vast solar and wind potential to replace relianceNSE 3.56 % on polluting coal to meet its energy needs, Prime Minister Narendra Modi said Tuesday.

Modi said he saw the 121-country International Solar Alliance as the future OPEC for meeting energy needs of the world.

Oil cartel OPEC led by Saudi Arabia currently meets close to half of the world’s oi ..

Modi said 50 GW of renewable energy will be soon added to existing capacity and non-hydro renewable will contribute 20 per cent of total energy.

“This is the right time to invest in solar manufacturing,” he said adding he saw an investment potential of Rs 70,000 crore to Rs 80,000 crore in solar manufacturing.

The prime minister said 31 crore LED bulbs save 40,000 million units of electricity and Rs 16,000 crore in a year.

He said 28 lakh solar pumps can save 10 GW of ..

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