Steps taken to increase generation of renewable energy in the country

Central Electricity Authority (CEA) has reported that the total solar energy production in the year 2018-19 was 21.365 Billion Units (BUs), as on 31.10.2018.

Government have taken various steps to increase generation of renewable energy. These inter-alia, include the following:

  1. Announcement of a target of installing 175 GW of renewable energy capacity by March, 2022;
  2.  Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2021-22;
  3.  Fiscal and financial incentives such as Capital Subsidy, Viability gap funding (VGF), accelerated depreciation benefits etc;
  4.  Permitting 100% Foreign Direct Investment (FDI) under the automatic route in renewable energy sector;
  5.  Guidelines for procurement of solar and wind power through tariff based competitive bidding process;
  6.  Waiving of Inter State Transmission System Charges and losses for inter-state sale of solar and wind power for projects to be commissioned up to March, 2022;
  7.  Raising funds from bilateral and multilateral finance and development institutions;
  8.  Implementation of Green Energy Corridor project to facilitate integration of large scale renewable generation capacity addition.

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