MD Ashvini Kumar said SECI is committed to finalise 5,500 MW of solar energy in next few years for which PPAs to produce 3,200 MW are already in place.
Solar Energy Corporation of India (SECI) said on Monday that it will shortly float tenders for putting up 2300 mw of solar power projects. Alongside, SECI said it has also signed Power Purchase Agreements (PPAs) with various stakeholders for 3,200 MW of solar power.
Overall, 2017 will prove to be a bumper year for the solar power sector in India. Total installed capacity is expected to reach 18 GW by the end of the year.
With a pipeline of around 14 GW of utility scale projects, about 7.7 GW is expected to be commissioned in the year—a growth of around 90% over 2016. Combined with 1.1 GW of expected rooftop solar capacity, India should add a total of 8.8 GW in 2017, ranking it amongst the top three global markets after China and the USA.
In order to achieve the renewable energy target of 175 GW by the year 2022, the major programmes/ schemes on implementation of Solar Park, Solar Defence Scheme, Solar scheme for CPUs Solar PV power plants on Canal Bank and Canal Tops, Solar Pump, Solar Rooftop etc have been launched during the last two years.
Government has formulated an Integrated Energy Policy (IEP) document gives a roadmap to develop energy supply options and increased exploitation of renewable energy sources. In addition, for promotion of Renewable Energy, Government has amended the National Tariff Policy for electricity in January 2016. By this amendment several provisions for promotion of renewable energy have been made.
Piyush Goyal, Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines on December 1 shared details in the lower house of the Parliament of the plan to achieve 100 GW of solar capacity installation by 2022 under various schemes.
NTPC shall be setting up Solar Power projects of 50 MW capacity with Battery Energy Storage System at different locations in Port Blair in Andaman & Nicobar Islands as part of its Green Commitment.
India’s largest power company, NTPC Ltd has signed an memmorandum of understanding with the Union Territory Andaman and Nicobar to set up 50 MW Solar Power Projects with Battery Energy Storage System at Port Blair.
Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have been asked to work out a mechanism in which the small hydro power projects (presently lying stressed and stalled in the country) can be resolved and identify those which are viable for being re-started.
Union Minister Piyush Goyal said that “by and large a consensus has been made with the states that hydro power should be declared as renewable power and a seperate renewable purchase obligation (RPO) for hydro should be set up. A new proposal will be worked out for the Cabinet with required amendments to India’s long term renewable energy goals.
Large potential of growth for bio-fuels in the country to grow from present Rs. 6500 crore to Rs. 1 lakh crore in the next 10 years.
The Minister of State (Independent Charge) for Petroleum & Natural Gas Dharmendra Pradhan along with the Minister of State (Independent Charge) for Power, Coal, Mines and RE, Piyush Goyal jointly addressed a gathering in the capital at the National Conference on the World Bio-Fuel Day.
A capacity addition target of 4000 MW and 12000 MW has been proposed for generation of electricity by wind and solar respectively during 2016-17 and a total of 315 MW have been installed under Solar Roof top Scheme. Power generated from these projects is being used for both domestic and captive use.