MNRE collaborate with Denmark for renewable energy

As per a written reply in the Rajya Sabha by Mr R.K Singh, Union Minister for Power and New and Renewable Energy, a strategic sector cooperation agreement and a letter of intent between the Ministry of New and Renewable Energy (MNRE) and the Ministry of Energy, Utilities and Climate of the Kingdom of Denmark was signed in 2019. The letter of intent intended to establish a Centre of Excellence for Integrated Renewable Power in India focusing on renewable energy resource assessment with focus on onshore and offshore wind, and hybridisation of wind, solar, hydropower and storage.

The Indian government has taken several steps to promote renewable energy that includes following:

  • Permitting Foreign Direct Investment upto 100 percent under the automatic route.
  • Waiver of Inter State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by June 30, 2025.
  • Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2030.
  • Setting up of Ultra Mega Renewable Energy Parks to provide land and transmission to renewable energy developers on a plug and play basis.
  • Laying of new transmission lines and creating new substation capacity for evacuation of renewable power.
  • Setting up a project development cell for attracting and facilitating investments.
  • Standard bidding guidelines for tariff based competitive bidding process for procurement of power from grid connected solar PV and wind projects.
  • Government has issued orders that power shall be dispatched against Letter of Credit (LC) or advance payment to ensure timely payment by distribution licensees to renewable energy generators.
  • Notification of promoting renewable energy through Green Energy Open Access Rules 2022.
  • Notification of late payment surcharge and related matters Rules 2022.

In addition to the above, the following steps have been taken specifically for promoting wind energy:

  • Declaration of trajectory for Wind Renewable Purchase Obligation (Wind RPO) up to the year 2030.
  • Concessional custom duty exemption on certain components required for manufacturing of wind electric generators.
  • Generation Based Incentive is being provided to the wind projects commissioned on or before March 31, 2017.
  • Technical support including wind resource assessment and identification of potential sites through the National Institute of Wind Energy, Chennai.