Initiatives in the Field of New & Renewable Energy

Initiatives in the Field of New & Renewable Energy

The details of a few new initiatives taken in the field of new and renewable energy sector during the last three years and the current year are as given below:

a.      Launch of Jawaharlal Nehru National Solar Mission (JNNSM). The mission envisages installation of 20,000 MW of grid solar power, 2,000 MW of off-grid solar applications and 20 million sq. m. of solar thermal collector area by 31^st March 2022.

b.      Generation Based Incentives (GBI) for Wind Power projects. The scheme provides fifty paisa per unit of electricity fed to the grid with a cap of Rupees one crore per mega watt of wind power during 4 to 10 years period.

c.      Viability Gap Funding for Solar Photovoltaic power projects. Grid-connected Solar Photovoltaic Power Projects of 750 MW aggregate capacity to the tune of Rs 1,875 crores (maximum) from the National Clean Energy Fund.

d.      Build-own-operate model in the field of Solar and Biomass Power.

e.      Intensive resource assessment of solar and wind energy.

This information was given by the Minister of New and Renewable Energy Dr. Farooq Abdullah in a written reply in the Lok Sabha. 

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(Release ID :101794)