Renewable energy in India
Based on the Renewable energy sector described in MakeinIndia initiative, India has the fifth largest power generation portfolio worldwide with a power generation capacity of 245 GW. Economic growth, increasing prosperity, a growing rate of urbanization and rising per capita energy consumption has widened access to energy in the country. Current renewable energy contribution stands at 31.70 GW of the total installed capacity of 245 GW in the country as on 31.03.2014. Wind energy is the largest renewable energy source in India. The Jawaharlal Nehru National Solar Mission aims to generate 20,000 MW of solar power by 2022, creating a positive environment among investors keen to tap into India’s potential. The country offers unlimited growth potential for the solar photovoltaic industry.
Major renewable energy thrust in Andhra Pradesh
After successfully implementing the Power For All ( PFA) scheme by providing 24×7 power to all domestic, commercial and industrial consumers, Andhra Pradesh government has decided to make the state a hub of ‘Renewable Energy’ in the next four years. Under the comprehensive plan, the government is gearing up to achieve 5000 MW of solar power and 4,000 MW of wind energy by 2019 to meet the twin objectives of energy security and clean energy considerations.
Under the plan, solar park would consist of various zones — solar power projects, manufacturing zones, R &D and training centres. The State will extend all facilities and fiscal incentives provided by National Solar Mission to the manufacturers in solar parks. Special Purpose Vehicle(s) will be established for development of infrastructure and management of solar park. The SPV will formulate policy and rules in respect of land allotment, sharing of development cost by the solar power producers and manufacturers.
State Energy Secretary Ajay Jain discussed with the officials about the impact of solar and wind projects and the steps to be initiated by power utilities for completion of green energy corridor with an estimated cost of Rs 1289 crore with the support of union government and international financial institutions. The KFW, the German Bank, has already agreed and communicated the state government for sanctioning Rs 515 crore at concessional rate of interest towards green energy corridor.
Pointing out that the corridor will be a big boon for clean energy and protecting the natural resources for future, he said the centre also sanctioned Rs 515 crore grant for evacuation of wind power and green energy corridor. The APTransco and Discoms would initiate steps soon to mobilize the balance investments from Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), he added.
Jain further said that the AP’s solar and wind policy would be the best policy in the country which attracts entrepreneurs for investments and reach the desired goals in promoting the solar and wind power. Under the policy, government targets to generate 800 MW in 2015-16, 1200 MW (in 2016-17), 1500 MW(2017-18) and by 2018-19, the solar generation capacity would be reached to 5000 MW. He said the government also initiated all measures to develop world’s biggest solar park with a capacity of around 2,500 MW, with support of NTPC and ministry of New and Renewable Energy (MNRE).
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