India Surges 70.1 GW Solar Power Capacity, Informs MNRE
India has assessed an approximate solar power potential of 748,990 MW, marking that the potential of solar energy is still hugely unharnessed. This constant progress in solar power generation is a positive step towards attaining India’s RE targets and minimising dependence on fossil fuels.
August 10, 2023. By EI News Network
MNRE informed that the Government is executing multiple schemes to give advantages of solar energy to the citizens and farmers of the country.
Solar Park Scheme intends for installing to build up to at least 50 Solar Parks aiming for 40,000 MW of solar power projects. Scheme for establishing 12,000 MW of Grid-Linked Solar PV Power Projects by the Government Producers with Viability Gap Funding (VGF). Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM). Production-linked incentive scheme under 'National Programme on high-efficiency Solar PV Modules.'
Rajasthan is the frontrunner with the highest installed base of renewable energy technology among all the states, contributing 17,839 MW. Gujarat follows with 10,133 MW, Karnataka with 9,050 MW, Tamil Nadu with 6,892 MW, Maharashtra with 4,870 MW, Telangana with 4,695 MW, and Andhra Pradesh with 4,552 MW.
Among other larger states, Madhya Pradesh has contributed 3,021 MW, and Uttar Pradesh has contributed only 2,526 MW of solar capacity. Punjab’s contribution stands at 1,190 MW, Haryana at 1,106 MW, Chhattisgarh at 962 MW, and Bihar at 203 MW
India has assessed an approximate solar power potential of 748,990 MW, marking that the potential of solar energy is still hugely unharnessed.
The government is actively taking initiatives to tap this potential via various schemes and programs. Some of these schemes and initiatives contain permitting 100 percent Foreign Direct Investment (FDI) in the renewable energy sector, waiving Inter-State Transmission System (ISTS) charges for inter-state sale of solar and wind power, and fixing a route for Renewable Purchase Obligation (RPO) until 2029-30.
The government is paving the way to expand infrastructure, such as setting- up new transmission lines and constructing new sub-station capacity under the Green Energy Corridor Scheme.
Moreover, they have set standards for the deployment of solar PV systems and a Project Development Cell to captivate and facilitate investments in renewable energy.
Standard Bidding Guidelines for tariff-based competitive tendering process for procurement of Power from Grid Connected Solar PV and Wind Projects. The government has released a notification that power shall be dispatched against a Letter of Credit (LC) or advance payment to ascertain timely payment by dispatching the licensees to RE producers. The bidding course for RE projects through Renewable Energy Implementing Agencies has been issued.
This constant progress in solar power generation is a positive step towards attaining India’s RE targets and minimising dependence on fossil fuels.India can maintain its position as a global solar energy leader with further funding and the adoption of sustainable energy practices.
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