On July 22, 2022, the Ministry of Power released the Renewable Purchase Obligation (RPO) and Energy Storage Obligation Trajectory till 2029-30. According to this order, total prescribed RPO will progressively increase from 24.61% in 2022-23 to 43.33% by 2029-30. This includes wind RPO, hydropower purchase obligation (HPO) and other RPO.
In addition, an energy storage obligation has also been specified for solar or wind energy based storage. This shall be calculated on energy basis and shall be treated as fulfilled only when at least 85% of energy stored in a system annually is from renewable power sources. The prescribed storage obligation is 1% in 2023-24 and increases up to 4% in 2029-30.
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