29 Apr '15, 10am

New India renewable targets put country on path to 69GW of PV by 2019

Increase in RPO targets sparks concern about the level of enforcement against non-compliance Image: Tata Power. State Electricity Regulatory Commissions in India could be obliged to purchase 8% of their power generation from solar sources by March 2019, up from the original target of 3% by 2022, under a proposed policy amendment by India’s ministry of power. A Renewable Purchase Obligation (RPO) mechanism is in place to drive demand for solar power in India until parity in terms of landed cost of power between renewables and other energy sources is widely reached. To comply with RPOs, electricity distributors or ‘discoms’ can either generate a minimum amount of renewable power or purchase renewable energy certificates (RECs) to make up for shortfalls. The proposed amendments to the Tariff Policy, under the Electricity Act 2003, raise the minimum amount of renewable power t...

Full article: http://www.pv-tech.org/news/india_ramps_up_renewable_purc...

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