Steps taken to increase generation of renewable energy in the country

Central Electricity Authority (CEA) has reported that the total solar energy production in the year 2018-19 was 21.365 Billion Units (BUs), as on 31.10.2018.

Government have taken various steps to increase generation of renewable energy. These inter-alia, include the following:

1. Announcement of a target of installing 175 GW of renewable energy capacity by March, 2022;
2. Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2021-22;
3. Fiscal and financial incentives such as Capital Subsidy, Viability gap funding (VGF), accelerated depreciation benefits etc;
4. Permitting 100% Foreign Direct Investment (FDI) under the automatic route in renewable energy sector;
5. Guidelines for procurement of solar and wind power through tariff based competitive bidding process;
6. Waiving of Inter State Transmission System Charges and losses for inter-state sale of solar and wind power for projects to be commissioned up to March, 2022;
7. Raising funds from bilateral and multilateral finance and development institutions;
8. Implementation of Green Energy Corridor project to facilitate integration of large scale renewable generation capacity addition.