India to Implement New Renewable Energy Consumption Norms from April 1, 2024: RK Singh
These guidelines, coupled with the Ministry of Power's trajectory directives, aim to accelerate the integration of renewable energy into the nation's power grid.
February 09, 2024. By Abha Rustagi
The minister highlighted the importance of renewable purchase obligation (RPO) guidelines mandated by Section 86(1)(e) of the Electricity Act, which requires state electricity regulatory commissions (SERCs) to specify a percentage of electricity consumption to be sourced from renewable energy. These guidelines, coupled with the Ministry of Power's trajectory directives, aim to accelerate the integration of renewable energy into the nation's power grid.
Furthermore, amendments to the Energy Conservation Act, 2001 empower the central government to specify minimum shares of non-fossil resource consumption for designated consumers. Distribution licensees, recognized as designated consumers, are subject to these regulations, which aim to promote sustainable energy practices.
Effective April 1, 2024, distribution licensees must comply with newly specified renewable energy consumption norms. These norms, delineated in the ministry's notification, outline progressively increasing targets for renewable energy consumption until the fiscal year 2029-30. Singh provided this information in a written response to queries posed in the Lok Sabha.
The minister reiterated the government's commitment to promoting renewable energy utilization across all regions, including tribal areas. Various initiatives, such as permitting 100 percent foreign direct investment (FDI) under the automatic route and waiving inter-state transmission charges for solar and wind power projects, aim to facilitate renewable energy expansion.
Moreover, provisions exempting solar and wind power projects from environmental impact assessments (EIAs) and offering accelerated depreciation for solar and wind power projects further incentivize renewable energy investments.
The inclusion of solar, wind, and hydel power plants in the Central Pollution Control Board's white category underscores the government's emphasis on clean energy generation.
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