Tuesday, November 30, 2021

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Renewable energy in India receives new stimulus

Renewable energy in India receives new stimulus

New Delhi, Aug 31 (Latin Press) The government of India proposed a new set of rules for the purchase and consumption of energy originating from renewable sources in order to promote its adoption.
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The Ministry of Energy put the new provisions online and requested the comments of all interested parties in the matter, as per the Scroll portal.

According to the site, the Electricity Rules Project (promotion of renewable energy through open access to green energy) is a mechanism contemplated in the 2003 Electricity Law.

This provision establishes that large consumers must purchase a certain percentage of electricity from the so-called clean energy, whose rate will determine a commission.

The executive director of the National Solar Energy Federation of India, Subrahmanyam Pulipaka, said that this will support the fulfillment of the national renewable energy growth target by 2030.

India is aiming to achieve an installed capacity of 175 GigaWatts of clean energy by 2022 and recently passed the 100 GW mark.

Likewise, any consumer, including industries, can fulfill their obligation to purchase renewable energy by acquiring so-called green hydrogen, produced with electricity from renewable sources.

Energy Minister RK Singh spoke in June about the country’s energy transition and said the new rules will help distribution companies supply energy from renewable sources at lower rates than fossil fuels.

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