The Ministry of New and Renewable Energy in India has put a notification to impose heavy penalties if states or project developers unilaterally modify or move to renegotiate solar power purchase agreements.
India will receive help from one of the leading renewable energy generators in the world for integration of the large number of renewable energy projects the former expects to install over the coming years.
In an attempt to expedite the implementation of large-scale solar power parks across the country, India has issued a clarification exempting these projects from obtaining environmental clearances.
As India moves towards competitive auctions and away from incentives, companies that do not engage in renewable energy generation as their core business are now looking to offload these assets.
An Indian Parliament committee has given recommendations for making major changes in the National Solar Mission which, it believes, are essential to achieve the 100 gigawatts of operational capacity target by March 2022.
A review of India’s National Solar Mission by a committee of the Indian Parliament has revealed the massive extent of the government’s plans to reach the 100 gigawatts of installed capacity by March 2022.
The rapid growth in renewable energy sector in India will easily overtake that in the thermal power sector and would result in more renewable energy capacity being operational than thermal power capacity by 2027, the latest economic survey of the Indian government has stated.
From the quarters starting April 2016 and ending March 2017, India saw more renewable energy capacity added to its grid than thermal power capacity. This is perhaps the first time in India’s history when renewable energy capacity dominated thermal power capacity.
India added the least renewable energy capacity it has added in six quarters during Q2 2017, which is also 25% less than what was added during the same period last year.
India’s wind energy capacity addition during April and June 2017 fell to historic levels as the sector added less than 7% of the capacity added during the preceding quarter.
