SWHS Capital Subsidy, MNRE Scheme for Implementation of Generation Based Incentives (GBI) for Grid Interactive Wind Power Projects, solar generation based incentives, IREDA-NCEF Refinance Scheme etc.
Creating a sustainable world
India is ranked as the second most attractive renewable energy market in the world.
India has setup an ambitious target of 175 GW of renewable power by 2022 to include:
- 100 GW of Solar power
- 60 GW from wind power
- 10 GW from biomass power
- 5 GW from small hydro power
This is the world's largest expansion plan in renewable energy.
In 2016-17, India added a record 11 GW of combined wind and solar capacity.
Up to 100% FDI is allowed under the automatic route for renewable energy generation and distribution projects subject to provisions of The Electricity Act, 2003
- 4th largest installed capacity of wind power in the world
- 3rd largest installed capacity of concentrated solar power (CSP) in the world
- World's largest 648 MW solar power plant in Tamil Nadu, commissed within a record 8 months
Renewable energy sources have a combined installed capacity of 60.1 GW pegged at around 18.2% of the country's total energy capacity.
Wind power accounted for the highest at 54.4% (around 32.7 GW). This is followed by solar with a share of 24.6% (14.7 GW). Remaining market was captured by Biomass at 13.8% (8.3 GW) and small hydro projects catering to 7.3% (4.4 GW).
- Renewable energy share in total installed capacity
- Increase in solar power capacity addition (2014-16)
- Wind energy share in renewable installed capacity
- % reduction in solar power tariff using plug & play model
FDI inflows (in USD) in the non-conventional energy sector during Apr 2000-Jun2017
FDI equity inflow (in USD) in the non-conventional energy sector during April 2014 to December 2016
FDI allowed under automatic route in projects of renewable power generation and distribution
July 2017 - Tata Power will invest USD 90 mn in Tata Power Renewable Energy Limited. These funds will be used for setting up large-scale solar power projects with a total capacity of 320 MW. These projects, secured through competitive auctions, are spread across six states.
June 2017 - The Cabinet Committee on Economic Affairs, Government of India, has approved the issue of 139 mn fresh equity shares of Indian Renewable Energy Development Agency (IREDA) of USD 0.1 each through an Initial Public Offer.
May 2017 - The Asian Development Bank (ADB), and the Punjab National Bank (PNB) have signed a financing loan worth USD 100 mn, which will be used to support solar rooftop projects on commercial and industrial buildings across India.
January 2017 - Asian Development Bank (ADB), has invested USD 390 mn in ReNew Power for developing and expanding capacities across various states of India.