In comparison with the target of installing 175 GW of renewable energy capacity (excluding large hydro) by 2022, the country had installed 114.07 GW of renewable energy capacity (excluding large hydro) as of 30 June 2022. Furthermore, a capacity of 60.66 GW is under various stages of implementation, and a capacity of 23.14 GW is under various stages of bidding.
Several steps have been taken by the government to promote renewable energy. Here are some:
- Permitting Foreign Direct Investment (FDI) up to 100 per cent under the automatic route,
- Exemption from the Inter-State Transmission System (ISTS) charges for interstate sales of solar and wind power by 30th June 2025,
- Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022,
- Establishing Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers,
- The Pradhan Mantri Kisan Urja Suraksha Utthaan Mahabhiyan (PM-KUSUM), the Solar Rooftop Phase II, the 12000 MW CPSU Scheme Phase II, etc.
- As part of the Green Energy Corridor Scheme, new transmission lines will be laid and new substations will be constructed to facilitate the evacuation of renewable energy,
- Establishment of a Project Development Cell for the purpose of attracting and facilitating investments,
- Bidding guidelines for tariff-based competitive bidding for grid-connected solar PV and wind projects.
- The 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.
Shri Bhagwanth Khuba, Minister of State for New and Renewable Energy, provided this information in a written reply in the Rajya Sabha today.