Target to achieve about 40 percent cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030

Under its Intended Nationally Determined Contribution (INDCs), India has indicated that it will achieve about 40 percent cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030 with the help of transfer of technology and low cost international finance including from Green Climate Fund (GCF). The contributions under INDC have to be achieved by 2030.

India has set renewable power deployment target of 175 GW by the year 2022, which includes 100 GW from solar and 60 GW from wind energy.

The revised Tariff Policy, notified by the government on 28 January 2016 has several provisions aimed at accelerating deployment of renewable energy in the country, including, inter alia, provisions for (a) 8% solar Renewable Purchase Obligation (RPO) by the year 2022; (b) Renewable Generation Obligation on new coal/lignite based thermal plants; (c) bundling of renewable power with power from plants in case of fully depreciated power plants whose Power Purchase Agreements (PPAs) have expired; and (d) exemption of renewable energy from inter-state transmission charges. The Government has also issued guidelines for long term growth of RPOs for non-solar as well as solar energy.

 

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