Renewable energy in India particularly solar energy sector is showing signs of attracting new investments particularly with the Honorable Prime Minister’s & the Ministry’s inspiring and motivational target to reach 100 GW of Solar & 60 GW of Wind by 2022 which makes about 15 GW of solar energy to be deployed annually against the current average solar installation of around 1 GW every year. Highly Ambitious !!
Also during what can be said as the Kumbhmela of Renewable energy (i.e. REInvest 2015) where for the first time, all the stakeholders of renewable energy sector throughout India and across the world met under one roof to discuss development of renewable energy sector of India & against the above mentioned ambitious targets, many stakeholders have enthusiastically expressed their commitments of deploying more then 200 GW !! of renewable energy projects (Solar: 166246 MW, Wind: 45296 MW, Others: 3685 MW) in India by 2022 by submitting the Green Energy Commitment Certificate – Click Here
At the same time in order to accelerate the deployment of the upcoming solar & other renewable energy projects in India, the Ministry of New & Renewable Energy (MNRE) of India have also announced & have invited comments on some of the following draft policies & guidelines related to solar, wind, small Hydro & geothermal sector in India :
- Draft Guidelines for Selection of 3000 MW Grid – Connected Solar PV Power Projects under Batch-II Tranche-I “State Specific Bundling Scheme – Click Here
- Draft Guidelines for Implementation of Scheme for setting up of 2000 MW Grid-connected Solar PV Power Projects under JNNSM, Batch-III “State Specific VGF Scheme – Click Here
- Draft National Mission on Small Hydro – Click Here
- Draft Policy for On-shore Wind Power in India – Click Here with the focus on development of new Wind Solar Hybrid projects & Repowering of old wind power projects throughout India.
- Draft National Policy on Geo-Thermal Energy – Click Here
Please note that all of the above policies and guidelines are yet ‘Draft’ and the final announcement & allotments for the projects are yet to be carried out. Lets see when ! Even though, still in the draft phase but these announcements would surely give prospective developers and stakeholders of renewable sector a sigh of relief as the renewable arena since past couple of years had been passing through the policy paralysis.
At the same time looking at the techno commercial difficulties faced by the developers towards implementing renewable projects in India, it will not be a smooth road for all the renewable stakeholders including the government to meet the ambitious target unless they focus, ramp up & support the domestic manufacturers of renewable energy equipment’s particularly the solar pv panel manufacturing capabilities of the country.
Many of the issues which still remains a point of concern are availability of bankable PPA, project development finance, payment security mechanism, REC failures, financing closure, issues in land acquisition, off-taking issues and management of the developers & more.
Seems that the new government has already started taking some active steps to strengthen the renewable sector & it may be more clear during the budget also. Lets see.
Meanwhile upon repeated requests & inquires from readers, soon there will be upcoming blogs which will explore details related to the Bio-energy, small hydro & wind energy sectors & projects in India in terms of their scope & as their business potential in coming future.
Hence, to get more details of the upcoming solar projects in India and upcoming renewable energy projects in India you may follow our blog & receive notifications of new posts by email.
Meanwhile till we meet next time….wishing all the readers a very “Happy Mahashivratri” !
Solar Project Consultant – India
Also Follow us on :