Government to incentivise renewable energy sector in the country

By EPR Magazine Editorial December 12, 2019 11:51 am IST

Most of renewable energy projects in the country are being implemented by the private sector developers selected through transparent bidding process. Government has issued standard bidding guidelines to enable the distribution licensees to procure power at competitive rates in cost effective manner. In order to be competitive, developers are encouraged to deploy most advanced technologies in these projects to tap maximum energy.

The state-wise and source-wise details of the projects implemented in various part of the country during last three years and current year.

The year-wise details of funds allocated and released in the form of central financial assistance for the implementation of various renewable energy programmes / schemes during last three years.

Studies conducted by National Institute of Wind Energy (NIWE) with foreign assistance during last three years and current year.

The steps taken by the Government to incentivise renewable energy sector in the country inter alia, include the following: –

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Announcement of a target of installing 175 GW of renewable energy capacity by the year, 2022; Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route.

Waiver of Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar and wind power for projects to be commissioned up to December, 2022.

Notification of standard bidding guidelines to enable distribution licensee to procure solar and wind power at competitive rates in cost effective manner.

Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022.

Implementation of Green Energy Corridor project to facilitate grid integration of large scale renewable energy capacity addition.

Launching of New Schemes, such as, PM-KUSUM, solar rooftop phase II, 12000 MW CPSU scheme Phase II.

This information was provided by Minister of State (IC) New and Renewable Energy, Power and Skill Development and Entrepreneurship Shri R.K. Singh, in written reply to a question in Lok Sabha.

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