Renewable Energy Manufacturing Parks

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News:The Ministry of Renewable Energy has asked all states and ports to identify lands that can be used to set up Renewable energy(RE) manufacturing Parks.

Facts:

Aim:To meet the domestic demands as well as to attract firms shifting base from China amid COVID-19 pandemic which has disrupted supply chains.

Functions: These parks will:-

  • manufacture equipment like silicon ingots & cells, wind equipment among others.
  • export equipment and services in the Renewable energy(RE) sector.

Additional Facts:

  • India has around 10 GW and 3 GW of wind and solar equipment manufacturing capacity respectively.
  • India met 92.11% of its solar equipment requirement through imports in 2017-18.