Steps taken by the government to promote Renewable Energy – EQ Mag Pro
The installed Renewable energy capacity (including large hydro) has increased from 76.37 GW in March 2014 to 150.54 GW in November 2021, i.e. an increase of around 97%.
The Government has taken several measures to promote renewable energy in the country. These include:-
• Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route,
• Waiver of Inter State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by 30th June 2025,
• Laying of new transmission lines and creating new sub-station capacity for evacuation of renewable power,
• Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022,
• Setting up of RE parks to provide land and transmission to RE developers on a plug and play basis,
• Schemes such as Pradhan Mantri Kisan Urja Suraksha evamUtthaanMahabhiyan (PM-KUSUM), Solar Rooftop Phase II, 12000 MW CPSU Scheme Phase II, etc,
• Notification of standards for deployment of solar photovoltaic system/devices,
• Setting up of Project Development Cell for attracting and facilitating investments,
• Standard Bidding Guidelines for tariff based competitive bidding for procurement of Power from Grid Connected Solar PV and Wind Projects.
• Government has issued orders that power shall be dispatched against Letter of Credit (LC) or advance payment to ensure timely payment by distribution licensees to RE generators.
• Green Term Ahead Market (GTAM) launched to facilitate procurement of RE power through power exchange in the country.
This information was given by Shri R. K Singh, Union Minister for Power and New and Renewable Energy in a written reply in Lok Sabha today.
