"RE-invest is a significant step towards achieving 'Energy Swaraj' for India. We will really move towards making sure that we don't rely on imports but actually make available within our own country," he said here.
"Every village is capable of producing renewable energy either through wind or solar... This renewable energy source is available in all 6.5 lakh villages in India," he said.
"It would differ from state to state. Somewhere it would be wind, somewhere it would be solar, somewhere it would be biomass, somewhere it would be hydro," he added.
There is need to capture it and it would be a significant achievement and will change social landscape, he added.
Highlighting that reliance on renewable energy could help in boosting growth, Prabhu said GDP growth could go up to 10 percent provided the country produce more electricity and more energy in India.
"The only way we can make it, the energy which is made in India, the energy which is made of local resources available and which is also environmentally compatible, there is no other way but to generate from renewable energy.
The target was 2,00,000 MW but the commitments have far exceeded that, he said.
"We really need to understand that this (renewable energy) is the game changer for the energy scenario of the world...I am sure India would clearly be the renewable energy capital of the world very soon," he said.

Latest News  from Business News Desk