India has achieved 20 gw (giga watt) cumulative solar capacity, achieving the milestone four years ahead of the target for 2022 originally set in the National Solar Mission.
Efforts are on to make renewable energy accessible for all in Jammu and Kashmir, the state’s Minister for Science and Technology Sajad Gani Lone said today.
Industry players in the renewable energy sector are of the view that there are a number of policy decisions related to import duties and domestic manufacturing, which, if taken, could further boost the sector.
Allaying fears over adverse impact of proposed safeguard duty on solar equipment, Power and New & Renewable Minister R K Singh said that nothing can jeopardise India’s renewable energy target of 175 GW by 2022.
In a major relief for industrial and commercial establishments, the government proposes to remove cross-subsidy charges levied on large power consumers, power minister R K Singh said on Wednesday.
The Diamond City has emerged as the country’s leading ‘solar smart city’ as per Akshay Urja, the bimonthly newsletter of the ministry of new and renewable energy (MNRE), government of India (GoI).
The government will need at least $125 billion (Rs 8 lakh crore) to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead.
Amid fears of a proposed safeguard duty on imported solar cells thwarting India’s solar mission, the government wants to ensure that the duty is prospective in nature, and does not impact ongoing solar projects, a top official in the renewable energy ministry said.
The renegotiation of tariffs under renewable power purchase agreements (PPAs) by quoting high tariffs is not an apparent option available with state discoms.
NTPC has been forced to cancel the result of its 250 mw solar auction held in October last year, which was won by Azure Power quoting a tariff of ₹3.14 per unit.