Foreign direct investment (FDI) up to 100% is allowed under the automatic route, besides measures like waiver of Inter-State Transmission System (ISTS) charges and losses for inter-state sale of solar power for projects to be commissioned up to December 2022
The Government has taken, inter alia, following steps to increase solar energy generation in the country:
- Announcement of a target of installing 100 GW of solar energy capacity by December 2022.
- Waiver of Inter-State Transmission System (ISTS) charges and losses for inter-state sale of solar power for projects to be commissioned up to December 2022.
- Permitting Foreign Direct Investment (FDI) up to 100% under the automatic route.
- Notification of standard bidding guidelines to enable distribution licensees to procure solar and wind power at competitive rates in a cost-effective and transparent manner.
- Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022.
- Implementation of Green Energy Corridor project to facilitate grid integration of large scale renewable energy capacity addition.
- Notification of Quality Standards for the deployment of solar photovoltaic systems/devices.
- Launch of various schemes including Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan Yojana (PM-KUSUM), CPSU (Government Producers) Scheme -Phase II and Solar Rooftop Phase II program.
In the last three years, the Ministry has not sanctioned any Model Solar City.
This information was provided by Union Minister of State (IC) New & Renewable Energy, Power and Skill Development and Entrepreneurship R.K. Singh, in written reply to a question in Rajya Sabha today.
News Source: PV Magazine