ET Rise
12,055.80-63.2
Stock Analysis, IPO, Mutual Funds, Bonds & More

What all the government is doing to improve the generation of solar energy in the country; here’s a round-up

Distribution licensees would be notified about standard bidding guidelines to aid them in procuring solar and wind power at competitive rates in a cost-effective and transparent way.

Team ProductLine|
Last Updated: Dec 06, 2019, 05.04 PM IST|Original: Dec 05, 2019, 05.51 PM IST
0Comments
Team ProductLine
Steps being taken to improve solar energy generation in India
Solar projects commissioned up to December 2022 shall be exempted from Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar power. Further, up to 100% Foreign Direct Investment (FDI) has also been permitted under the automatic route.
Clarifying their efforts towards improving India’s solar power generation capacity, R.K. Singh, Union Minister of State (IC), Minister of Power, Minister of New and Renewable Energy and Minister of Skill Development and Entrepreneurship, briefed the Rajya Sabha the steps taken by the government on Tuesday.

The target of installing 100 GW of solar energy capacity by December 2022 was announced by the minister last year. Solar projects commissioned up to the same period shall be exempted from Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar power. Further, up to 100% Foreign Direct Investment (FDI) has also been permitted under the automatic route.

Distribution licensees would be notified about standard bidding guidelines to aid them in procuring solar and wind power at competitive rates in a cost-effective and transparent way, stated Singh. Norms for following the Renewable Purchase Obligation (RPO) up to 2022 has been declared, he added.

The Green Energy Corridor project has been put in place to support the grid integration of large scale renewable energy capacity addition.

Stakeholders are being notified about the quality standards guidelines for deploying solar photovoltaic systems/devices.

Several schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan Yojana (PM-KUSUM), CPSU (Government Producers) Scheme - Phase II and Solar Rooftop Phase II program aimed at the improvement of the generation as well as the adoption of solar energy in the country have been introduced.

At the lattermost part of the brief, Singh also mentioned, “In last three years, Ministry has not sanctioned any Model Solar City.”

Reach out to Top Solar Panel Dealers near you and get free quotes

Also Read

Hyderabad: Solar energy generators in fisheries soon

Mumbai: Youth push for solar energy to drive BEST buses

Western Rajasthan produces surplus power, thanks to wind and solar energy

Western Rajasthan produces surplus power, thanks to wind and solar energy

Take up pisciculture, go for solar energy: Nitish Kumar to farmers

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service