Mercom Capital: India has connected 14.300 GW of renewable energy to the grid in the last two and half years

MNRE has set a target of adding 20,450 MW of grid-connected renewable energy capacity in FY 2017–18
MNRE has set a target of adding 20,450 MW of grid-connected renewable energy capacity in FY 2017–18

India’s Ministry of New and Renewable Energy (MNRE) has set a target of adding 20,450 MW of grid-connected renewable energy capacity in the financial year 2017–18.

In a written reply to a question, Piyush Goyal, the Minister for Power, stated that 14,300 MW of renewable energy has been connected to the grid in the last two and half years, Mercom Capital Group (Austin, TX, U.S.) reports.

 

Solar installations in India have reached 8.7 GW as of the end of October 2016

Mercom had previously reported that cumulative solar installations in India have reached 8,728 MW as of the end of October 2016 with 1,965 MW commissioned in the current financial year, until October.

The Minister also disclosed new targets set by MNRE for the coming financial years, and further noted the various incentives and programs undertaken by the MNRE and Ministry of Power to calm developers’ fears and make growth in renewable energy sector sustainable.

 

The incentives and programs include:

  • Amendments in the National Tariff Policy for strong enforcement of Renewable Purchase Obligation (RPO) and for providing Renewable Generation Obligation (RGO).

  • Setting up exclusive solar parks.

  • Identification of large government complexes/buildings for rooftop solar photovoltaic (PV) projects.

  • Provision of rooftop 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 rooftop solar for new construction.

“The target fixed for the coming years is not improbable, the MNRE will come up with incentives and once the GST comes into force, developers will find projects becoming viable,” Mercom quotes an official at MNRE.

 

2016-11-24 | Courtesy: Mercom Capital Group | solarserver.com © Heindl Server GmbH

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