India ranks fourth in renewable energy installations

India has come a long way in the realm of renewable energy, owing to several initiatives and accomplishments. India has the world’s fourth highest installed renewable energy capacity currently.  As of November 30, 2021, the country had installed a total of 150.54 GW of renewable energy capacity (including large hydro).

The majority of renewable energy projects in the country are developed by private sector developers who are chosen through a transparent bidding process. The government has released standard bidding criteria to help distribution licensees get power at competitive rates. States or union territoriess can procure power from solar projects (less than 5 MW capacity) and wind projects (less than 25 MW capacity) not covered under competitive bidding guidelines through feed-in-tariff determined by the respective state electricity regulatory commission to protect the interests of small developers as per central government guidelines.

Apart from that, the government has taken a number of steps to encourage the use of renewable energy in the country. Permitting 100 per cent foreign direct investment using the automatic route is one of them. Further, waiver of inter-state transmission system charges for inter-state sale of solar and wind power for projects to be commissioned by June 2025. The government has also launched various schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase II, 12,000 MW CPSU Scheme Phase II, and others.

GET ACCESS TO OUR ARTICLES

Enter your email address