Advertisement
Advertisement
advertisement

Indian Ocean Rim Association (IORA)

  • In October 2018, 21 countries adopted the Delhi Declaration on Renewable Energy in the Indian Ocean Region for a common renewable energy agenda, increased collaboration and promotion of regional capacity building.

Repowering Policy

  • Promotes optimum utilisation of wind energy resources by creating facilitative framework for repowering.
  • An interest rebate of 0.25 per cent over the interest rebate offered to new wind energy projects will be provided.
  • All fiscal and financial benefits offered to new wind power projects will be extended to repowering projects

Wind-Solar Hybrid Policy

  • Aims to achieve a hybrid wind-solar capacity of 10GW by 2022.
  • Hybridization of the two technologies will help in:

- Minimizing Variability

- Optimal utilization of infrastructure including land and transmission systems

Renewable Purchase Obligations (RPO’s)

  • RPO’s are a mechanism by which State Electricity commissions are obliged to purchase certain percentage of power from renewable energy sources.
  • Also, floor prices of the RPO have been set to provide certainty to companies. The floor price has been set at US$ 144 per Megawatt.

Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects

  • Aims to set up 25 Solar Parks and Ultra Mega Solar Power Projects targeting 20,000MW of solar power installed capacity by 2019-20.
  • US 83.78 million have already been sanctioned under the scheme.

 

Credits: IBEF Reports, August 2018

Page 10 of 31

Advertisement
Advertisement

UPCOMING EVENTS

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Nominate Today For SolarRoofs Karnataka 2019! And Don't miss a beat. Follow us at: https://t.co/HlAqHsOhHx https://t.co/BGG5b8gU4Q
About 4 hours ago
SolarQuarter India Wind Energy Forum 2019 is almost here! Buy your ticket today https://t.co/2ophHXXrpv See you on Nov 14, 2019!
Sunday, 15 September 2019 05:40
SolarQuarter SolarRoofs Karnataka 2019 is almost here! Buy your ticket today https://t.co/CVIqStbToI See you on Oct 04, 2019!… https://t.co/JMTQI6azf0
Saturday, 14 September 2019 05:10