+
States to meet 25% of energy needs from RE sources
POWER & RENEWABLE ENERGY

States to meet 25% of energy needs from RE sources

States would need to meet a quarter of their energy demand from renewable energy (RE) sources under the new Renewable Purchase Obligation (RPO) mandate and increase it to 43% by end of this decade. The new set of targets includes solar, wind, hydro, and also energy storage for the first time for states to mandatorily purchase.

The stringent targets come in the wake of India committing an ambitious 500 gigawatt (GW) of RE by 2030 at the Glasgow COP26 climate summit last year. Also, the draft Electricity Bill 2021, likely to be placed in the Parliament during this monsoon session, has also proposed penal provisions for states which fail to meet their RPO targets.

Under the current set of targets for 2023-2030, the total RPO range is 24.61 to 43.33%. In this, the wind RPO is in the range of 0.81-6.94%, hydro RPO, introduced two years back, 0.35-2.82% and other RPO, which will majorly comprise solar power, the range is 23.44-33.57%.

For energy storage, which has been introduced for the first time, the targets are in the range of 1-4% during this decade. This would be met through solar and wind power projects with energy storage.

States would now need to design and provide a trajectory for meeting the RPO targets in the range stipulated by the Centre. The states which are deficit in RE generation can purchase RE certificates from surplus states or through power trading platforms. The price of RECs is issued by the Central Electricity Regulatory Commission (CERC) annually.

States would need to meet a quarter of their energy demand from renewable energy (RE) sources under the new Renewable Purchase Obligation (RPO) mandate and increase it to 43% by end of this decade. The new set of targets includes solar, wind, hydro, and also energy storage for the first time for states to mandatorily purchase. The stringent targets come in the wake of India committing an ambitious 500 gigawatt (GW) of RE by 2030 at the Glasgow COP26 climate summit last year. Also, the draft Electricity Bill 2021, likely to be placed in the Parliament during this monsoon session, has also proposed penal provisions for states which fail to meet their RPO targets. Under the current set of targets for 2023-2030, the total RPO range is 24.61 to 43.33%. In this, the wind RPO is in the range of 0.81-6.94%, hydro RPO, introduced two years back, 0.35-2.82% and other RPO, which will majorly comprise solar power, the range is 23.44-33.57%. For energy storage, which has been introduced for the first time, the targets are in the range of 1-4% during this decade. This would be met through solar and wind power projects with energy storage. States would now need to design and provide a trajectory for meeting the RPO targets in the range stipulated by the Centre. The states which are deficit in RE generation can purchase RE certificates from surplus states or through power trading platforms. The price of RECs is issued by the Central Electricity Regulatory Commission (CERC) annually.

Next Story
Technology

Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech

Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..

Next Story
Infrastructure Transport

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Next Story
Infrastructure Urban

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?