India’s installed renewable energy capacity reached fourth largest in the world – EQ Mag Pro
Most of the renewable energy projects in the country are being set up by private sector developers selected through transparent bidding.
New Delhi: With many initiatives and achievements, India has reached so far in the field of renewable energy. According to the 2021 statics, India’s installed renewable energy capacity is the fourth largest in the world. A total of 150.54 GW of Renewable Energy capacity (including large hydro) has been installed in the country as on 30th November 2021.
Further, a total of 219817.14 Million units of electricity have been generated from various renewable energy sources during the year 2021-22 (up to October 2021). Shri R. K Singh, Union Minister for Power and New and Renewable Energy mentioned in a written reply in Lok Sabha today.
Most of the renewable energy projects in the country are being set up by private sector developers selected through transparent bidding. The Government has issued standard bidding guidelines to enable distribution licensees to procure power at competitive rates in a cost-effective manner.
To protect the interest of small developers as per central government guidelines, States/UTs can procure power from solar projects (less than 5 MW capacity) and wind projects (less than 25 MW capacity) not covered under competitive bidding guidelines through Feed-in –Tariff (FiT) to be determined by the respective State Electricity Regulatory Commission.
Source: psuconnect
