INDIA
INDIA
14.30 GW RE Capacity added during last two and half years under Grid Connected Renewable Power
A capacity addition of 14.30 GW of renewable energy has been reported during the last two and half years under Grid Connected Renewable Power, which include 5.8 GW from Solar Power …. 14.30 GW RE Capacity added during last two and half years under Grid Connected Renewable Power A capacity addition of 14.30 GW of renewable energy has been reported during the last two and half years under Grid Connected Renewable Power, which include 5.8 GW from Solar Power, 7.04 GW from Wind Power, 0.53 from Small Hydro Power and 0.93 from Bio power. This was stated by Shri Piyush Goyal, Minister of State( IC) for Power, Coal, New & Renewable Energy and Mines in a written reply to a question in Rajya Sabha today.
The Minister further said that NITI Aayog presented the achievement of the various infrastructure Ministries including. Ministry of New & Renewable Energy before the Prime Minister on 22nd August 2016. The progress and overall achievement made under Wind Power, Solar Power, Solar Roof Top, Solar power capacity tendered, state policies etc were satisfactory.
The target set for the various renewable energy sources for the next 3 years are:
In order to achieve the targets, various initiatives have been taken by the Government which interalia include:
‣ amendments in the Tariff Policy for strong enforcement of Renewable Purchase Obligation( RPO) and for providing. ‣ Renewable Generation Obligation( RGO); setting up of exclusive solar parks. ‣ development of power transmission network through Green Energy Corridor project. ‣ identification of large government complexes / buildings for rooftop projects. ‣ provision of roof top solar and 10 percent renewable energy as mandatory under Mission Statement and Guidelines for development of smart cities.‣ amendments in building bye laws for mandatory provision of roof top solar for new construction or higher FAR. ‣ infrastructure status for solar projects. ‣ raising tax free solar bonds.‣ making roof top solar a part of housing loan by banks / NHB.‣ incorporating measures in Integrated Power Development Scheme( IPDS) for encouraging distribution companies and making net metering compulsory ‣ raising funds from bilateral and international donors as also from the Green Climate Fund to achieve the target. ‣ creation of Surya Mitras for installation and maintenance of the Solar Projects.
“ In coming years, Ministry is going to focus on: conducive policies for promotion of Grid Interactive Renewable Power so as to reach 175 GW by 2022, Low cost Financing with long tenure for Renewable Energy technologies and Projects, creation of transmission infrastructure for evacuation of Renewable Power, focus on promoting indigenous technologies, technological innovation and research & development in the renewable sector and creation of qualified and skilled man power”, Shri Goyal added.
USAID Announces $ 75 Million Loan Guarantee For Off-Grid Solar In India
A number of foreign entities, including development banks, have committed financial support to India’ s rooftop solar power market.
I n yet another boost for the smallscale solar power market in India, the United States Agency for International Development( USAID) announced financial support in partnership with an Indian bank.
RBL Bank and USAID recently announced a loan guarantee program worth $ 75 million to support off-grid and rooftop solar power projects in India. The program is also expected to cover energy efficiency projects pursued by small and mediumsized enterprises.
India plans to have an installed rooftop solar power capacity of
40 GW by March 2022.
According to a recent report by the Bloomberg New Energy Finance, India would need an investment of $ 50 billion to achieve this target.
Earlier this year, the Ministry of New & Renewable Energy announced that the government managed to secure funding pledges from various multilateral and national development banks for its ambitious rooftop solar power program. The World Bank has committed $ 620 million, while the Asian Development Bank and BRICS New Development Bank have pledged to provide $ 500 million and $ 250 million, respectively. The German development bank KfW has provided $ 100 million, and negotiations for $ 1.14 billion worth of funding are underway, the ministry reported.
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EQ December 2016 www. EQMagPro. com