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



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