Renewables Reach 5.7% Of India’s Energy Mix
Energy minister Piyush Goyal states that amendments to the Renewable Purchase Obligation (RPO) in January have set the target for 8% of the energy mix (excluding hydro to come from the renewable by March 2022. Nevertheless, consultancy firm Bridge to India recently claimed that the RPO mechanism has large failed because of a poor regulatory framework and non-compliance in the wake of the poor financial health of distribution companies.
Telangana, Andhra Pradesh, Karnataka and Jharkhand are rapidly scaling up their solar programmes and going beyond their RPO targets meanwhile states like Odisha and Uttar Pradesh are seeing extensions or legal stays on their RPO targets.
Over US$140 billion of investment is required in the next six years to reach India’s solar, wind and efficiency targets to increase clean energy access claims natural resources Defense Council (NRDC) in a new release in this week.
The Indian government also promotes the use of waste land for the installation of solar power plants. For example India’s Union Cabinet recently qualified 400 acres of ‘un-cultivable’ land in Rajasthan to be used for a 200MW solar PV project.
Goyal has also recently said that “India now will lead the world towards clean energy rather than follow”, reconfirmed that India’s solar targets are achievable. He said India has exceeded its solar targets by 116% this year in comparison to last year and already had awarded 11GW projects.
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