Minister of State for Power, Coal and New and Renewable Energy Piyush Goyal told the Rajya Sabha in a written reply that Rs 19,113 crore has been provided for promotion and generation of renewable energy during the Twelfth Five-Year Plan period.
"The Ministry of New and Renewable Energy has set a target of capacity addition of 29,800 MW from various renewable energy sources during the 12th Plan period.
"The target comprises of 15,000 MW from wind, 10,000 MW from solar, 2,100 MW from small hydro and 2,700 MW from bio-power," Goyal said.
The Minister further stated that budget allocation for the years 2015-16 and 2016-17 will be done after approval of annual plans by the government and physical targets will be fixed accordingly.
Replying to another question, he said his ministry had prepared a strategic plan for New and Renewable Energy Sector in the year 2011 which has indicated a cumulative installed capacity of renewable power to about 72,000 MW by 2022.