Government to promote and create new markets in renewable energy sector
POWER & RENEWABLE ENERGY

Government to promote and create new markets in renewable energy sector

Government have taken several initiatives for promotion and creation of new markets in the renewable energy sector. These include :

Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route.

Waiver of Inter-State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by June 30, 2025.

Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2029-30.

Setting up of Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers on a plug and play basis. Schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM- KUSUM), Solar Rooftop Phase II, and 12,000 MW CPSU Scheme Phase II.

Laying of new transmission lines and creating new sub-station capacity under the Green Energy Corridor Scheme for evacuation of renewable power.

Setting up of Project Development Cell for attracting and facilitating investments.

Standard Bidding Guidelines for tariff-based competitive bidding process for procurement of Power from Grid Connected Solar PV and Wind Projects.

The government has issued orders that power shall be dispatched against a Letter of Credit (LC) or advance payment to ensure timely payment by distribution licensees to RE generators.

Implementation of a Production Linked Incentive (PLI) scheme for solar PV manufacturers for Rs. 240 billion.

Imposing Basic Customs Duty on cells and modules to encourage domestic manufacturing.

Notified the National Bioenergy Energy Programme with an outlay of Rs 8.58 billion under Phase I to promote waste to energy, biomass and biogas programmes.

Promulgated the Green Open Access Rules to enable the commercial and industrial sector to generate and procure energy for their own consumption.

Also read:
Shyam Metalics acquires Mittal Corp
NHIDCL signs MoU with NIT Manipur for highways construction

Government have taken several initiatives for promotion and creation of new markets in the renewable energy sector. These include : Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route. Waiver of Inter-State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by June 30, 2025. Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2029-30. Setting up of Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers on a plug and play basis. Schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM- KUSUM), Solar Rooftop Phase II, and 12,000 MW CPSU Scheme Phase II. Laying of new transmission lines and creating new sub-station capacity under the Green Energy Corridor Scheme for evacuation of renewable power. Setting up of Project Development Cell for attracting and facilitating investments. Standard Bidding Guidelines for tariff-based competitive bidding process for procurement of Power from Grid Connected Solar PV and Wind Projects. The government has issued orders that power shall be dispatched against a Letter of Credit (LC) or advance payment to ensure timely payment by distribution licensees to RE generators. Implementation of a Production Linked Incentive (PLI) scheme for solar PV manufacturers for Rs. 240 billion. Imposing Basic Customs Duty on cells and modules to encourage domestic manufacturing. Notified the National Bioenergy Energy Programme with an outlay of Rs 8.58 billion under Phase I to promote waste to energy, biomass and biogas programmes. Promulgated the Green Open Access Rules to enable the commercial and industrial sector to generate and procure energy for their own consumption. Also read: Shyam Metalics acquires Mittal Corp NHIDCL signs MoU with NIT Manipur for highways construction

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?