The latest release by PIB India stated, that India has taken various steps for increasing Solar energy generation in the country
As on 31.10.2021 the share of solar power installed capacity in the overall electricity capacity is 12.20%, and in terms of electricity mix, it is 4.37% for the year 2020-21, said the press release.
As per the statement the Important steps taken for increasing Solar energy generation in the country are
- Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022;
- 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;
- Setting up of solar parks to provide land and transmission to RE developers on a plug and play basis,
- Schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase II, 12000 MW CPSU Scheme Phase II, etc,
- Laying new transmission lines and creating new sub-station capacity for evacuation of renewable power under Green Energy Corridor Scheme.
- 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; and
- Launch of Green Term Ahead Market (GTAM) to facilitate sale/purchase of Renewable Energy including Solar power through exchanges.