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Govt. steps up efforts to reach 70% renewable energy by 2030 Source:FT Cabinet nod to call for EOIs to implement projects over 50 MW, with private sector investment Solar power capacity to be increased by 4,800 MW from 458 MW and wind power capacity from 248 MW to 3,500 MW The Government is stepping up efforts to achieve 70% renewable energy share in power generation by 2030 in partnership with private sector investments. To this effect, the Cabinet of Ministers this week approved a proposal by Energy Minister Udaya Gammanpila to call for Expression of Interest (EOIs) from local and foreign investors to finance identified solar and wind power projects over 50 megawatts (MW). As per a Government Information Department statement, to achieve the renewable energy target of 70% by 2030, the existing solar power capacity of 458 MW needs to be increased by additional 4,800 MW, while enhancing the ...