Just days after two Indian states were forced to postpone solar power auctions for 2.2 gigawatts of capacity, the federal government has given new assurances that would allay some concerns of the developers.
The Indian Minister of Finance recently announced the budgetary allocation for all ministries and associated target outcomes for the financial year 2018-19 that starts from 1 April 2018.
India achieved an operational solar power capacity of 20 gigawatts by the end of 2017, Mercom India Research has claimed.
The Indian government is planning to revamp its incentive program for rooftop solar power systems in an attempt to expedite implementation of the capacity across various segments of power consumers.
The United States is reportedly planning to take India back to the World Trade Organisation for violation of a decision regarding incentives for locally manufactured solar cells and modules.
The Indian government has expressed intentions to launch another highly ambitious solar power program. The Ministry of New & Renewable Energy is exploring the appetite for setting up floating solar power projects.
India has approved a new set of guidelines for the auction of wind energy projects under the central government policy. The guidelines are expected to push the tariffs even lower, as they include some crucial offerings to developers not seen in the sector before.
To support its ambitious plan to generate 40 gigawatts of rooftop solar power by 2022, the Indian government is planning to launch a “rent a roof” policy, said Anand Kumar, secretary in the Ministry of New and Renewable Energy (MNRE).
With an aggressive timeline for solar and wind energy projects announced by the Indian government, the Minister for New & Renewable Energy now expects the country to surpass its target to have 175 gigawatts of operational renewable energy capacity by March 2022.
The realization of poor progress toward the 100-gigawatt operational solar power capacity by March 2022 has dawned upon the Indian government, which has moved into hyperdrive to ensure that this target is met in the remaining months.
