A total of 47.86 GW of renewable energy capacity has been installed in the country during the last six years i.e. March, 2014 to October, 2019 as per figures provided by Central Electricity Authority (CEA).
The initiatives taken by the Government to explore new and renewable energy sources in the country inter-alia, include –
- Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route,
- Waiver of Inter State Transmission System (ISTS) charges
- Waiver of 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,
- Launching of New Schemes, such as, PM-KUSUM, solar rooftop phase II, 12000 MW CPSU scheme Phase II, etc.
All the major programs/schemes being implemented by the Ministry have established mechanisms to monitor the implementation of these schemes. The provision, inter-alia, include –
- Physical verification by State implementing agency.
- Periodic inspection by the officials of Ministry of New and Renewable Energy (MNRE).
- Third party evaluation.
The Government has set a target of installing 175 GW of renewable energy capacity by the year 2022 which includes 100 GW from solar, 60 GW from wind, 10 GW from Biomass and 5 GW from Small Hydro.
This is a Press Information Bureau Feed; edited by Clean-Future Team