The southern Indian state Tamil Nadu has put out calls on 1 gigawatt (GW) of new solar capacity in 2013, as part of the state’s goal of reaching 3 GW by 2015. The local government plans to reach its goal from Renewable Energy Certificates (REC), rooftop installations, and utility style projects.
Image Credit: India Solar PV via Faul/ Flickr/Some Rights Reserved
However, there is some concern about REC’s ability to help the state reach its solar energy goals:
“The REC mechanism is now officially a failure,” Ritesh Pothan from Natural Group, a renewable energy advisory organisation, told PV-Tech.
In a report last year, Pothan noted that because RECs are only valid for one year, they are not bankable and therefore investors remain wary and are less inclined to invest.
Successful bids will have 10 months to put the new solar energy on-line, along with providing proof of purchase of the land to complete the projects.
With this recent announcement, India continues to make its move towards cleaner energy methods. Solar energy costs in the country continue to fall, while surpassing 1,000 MW earlier this year.
Source: PV-Tech
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