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
- 6th largest installed capacity of solar power in the world
- World's largest 648 MW solar power plant in Tamil Nadu, commissioned within a record 8 months
Renewable energy sources have a combined installed capacity of 69 GW pegged at around 20% of the country's total energy capacity.
Wind power accounted for the highest at 49.3% (around 34 GW). This is followed by solar with a share of 31.4% (21.7 GW). Remaining market was captured by Biomass at 12.8% (8.8 GW) and small hydro projects catering to 6.5% (4.5 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 April 2000 - December 2017
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
May 2018 - Kerala and NTPC sign MoU for increasing solar power generation
Feb 2018 - World's largest solar park launched in Karnataka. The world's largest solar park set up at an investment of USD 2.53 bn at Pavagada in Karnataka's Tumakuru district was launched by Chief Minister Siddaramaiah today.
Feb 2018 - The joint venture of Think Energy and EverStream Capital plans to invest USD 300 mn in equity capital to either acquire or develop 2,000 MW solar projects in India.
Feb 2018 - ReNew Power inks pact with UP govt. to invest USD 1.2 bn for 1.2 GW of renewable energy capacity, a move which can create 12,000 jobs in the state. ReNew has also entered into a MoU with Maharashtra govt. to invest a total of USD 2.2 bn on solar, wind and waste-to-energy projects.
Feb 2018 - India’s Avaada Power has signed a Memorandum of Understanding with the Government of Uttar Pradesh to invest USD 1.55 bn in the state for developing 1,600 MW Solar Projects. The projects will be developed across Mirzapur, Badun, Gorakhpur and Bundelkhand districts.
Feb 2018 - India’s largest public sector lender State Bank of India has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels of capital investment.
Feb 2018 - Ramky Enviro Engineers Ltd, party of city-based Ramky Group and Asia’s biggest waste management, is setting up 20 MW waste-to-energy plant in Hyderabad, with an investment of USD 46.3 mn.
Feb 2018 - LONGi Green Energy Technology Co. Ltd will be the first Chinese company to set up a solar equipment manufacturing facility in India. LONGi’s facility will be set up in Andhra Pradesh at an investment of around Chinese renminbi USD 309 mn for manufacturing 1GW of monocrystalline silicon cell and modules each. Solar modules account for nearly 60% of a solar power project’s cost.
Feb 2018 - During the recent Uttar Pradesh Investors summit, amplus solar signed a Memorandum of Understanding with the state government for the investment of USD 340.1 mn over the next 5 years.