Ministry notifies renewable energy purchase, storage norms
POWER & RENEWABLE ENERGY

Ministry notifies renewable energy purchase, storage norms

The Ministry of Power (MoP) has issued the Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO) until the financial year 2029-2030.

A committee under the co-chairmanship of the secretaries of the Ministry of Power (MoP) and the Ministry of New and Renewable Energy (MNRE) was constituted in December 2020 to recommend the RPO trajectory beyond 2021-22. Based on the recommendations of the committee and discussions with the MNRE, MoP has specified the following RPO trajectory beyond 2021-22.

Renewable Power Purchase Obligation (RPO) Trajectory up to FY 2029-30; Wind RPO will be met only by energy produced from wind power projects commissioned after March 31, 2022. Hydropower purchase obligation (HPO) will be met only by energy produced from large hydro projects (LHP), including pumped hydro, commissioned after March 8, 2019, and up to March 31, 2030. Other RPO may be met by energy produced from any renewable energy power project.

An expert said that Wind RPO had been specified to boost the wind installations and bring down the cost of power generated from wind projects; and that specific solar RPO had been taken out because the cost of power generated from solar had reached the desired level.

See also:
Govt’s $10-bn plan to curb emissions
DVC unveils roadmap worth Rs 500 billion


The Ministry of Power (MoP) has issued the Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO) until the financial year 2029-2030. A committee under the co-chairmanship of the secretaries of the Ministry of Power (MoP) and the Ministry of New and Renewable Energy (MNRE) was constituted in December 2020 to recommend the RPO trajectory beyond 2021-22. Based on the recommendations of the committee and discussions with the MNRE, MoP has specified the following RPO trajectory beyond 2021-22. Renewable Power Purchase Obligation (RPO) Trajectory up to FY 2029-30; Wind RPO will be met only by energy produced from wind power projects commissioned after March 31, 2022. Hydropower purchase obligation (HPO) will be met only by energy produced from large hydro projects (LHP), including pumped hydro, commissioned after March 8, 2019, and up to March 31, 2030. Other RPO may be met by energy produced from any renewable energy power project. An expert said that Wind RPO had been specified to boost the wind installations and bring down the cost of power generated from wind projects; and that specific solar RPO had been taken out because the cost of power generated from solar had reached the desired level. See also: Govt’s $10-bn plan to curb emissionsDVC unveils roadmap worth Rs 500 billion

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code