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India’s Installed RE Capacity, Fourth Largest in the World

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India’s installed renewable energy capacity is the fourth largest in the world, said the official release.

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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%. Further, a total of 219817.14 Million units of electricity have been generated from various renewable energy sources during the year 2021-22 (up to October 2021).

According to the latest release, most of renewable energy projects in the country are being set up by private sector developers selected through transparent bidding. The Government has issued standard bidding guidelines to enable distribution licensees to procure power at competitive rates in a cost-effective manner.

Shri R. K Singh, Union Minister for Power and New and Renewable Energy, in his written reply informed that, to protect the interest of small developers as per central government guidelines, States/UTs can procure power from solar projects (less than 5 MW capacity) and wind projects (less than 25 MW capacity) not covered under competitive bidding guidelines through Feed-in –Tariff (FiT) to be determined by the respective State Electricity Regulatory Commission.

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He further informed about the several measures that Government has taken 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,

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• 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.

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