India has achieved its NDC target with total non-fossil based installed energy capacity

India has achieved its NDC target with total non-fossil based installed energy capacity

Part of: Prelims and Mains GS-III: Energy and Climate Change

In News: India has achieved its NDC target with total non-fossil based installed energy capacity of 157.32 GW which is 40.1% of the total installed electricity capacity.

• Indian ‘Non-Conventional Energy’ sector received FDI of US$ 797.21 million during 2020-21
• Government introduced, Production Linked Incentive Scheme “National Programme on High Efficiency Solar PV Modules” with an outlay of Rs. 4,500 crores to support and promote manufacturing of high efficiency solar PV modules
• 52 solar parks have been sanctioned with a cumulative capacity of 37.92 GW in 14 states
• A cumulative 5.7 GW solar roof top projects have been set up in the country
• Government of India has notified the offshore Wind Energy Policy to harness the potential of offshore wind energy alone India’s coastline
• The Ministry has notified the wind solar hybrid policy, providing a framework for promotion of large grid connected wind-solar PV hybrid projects for optimal and efficient utilization of transmission infrastructure and land, reducing the variability in renewable power generation and achieving better grid stability
• Over 1.45 lakh solar street lights installed 9.03 lakh solar study lamps distributed and 2.5 MW solar power packs have been set-up as reported by State Nodal agencies (SNAs)
• Competitive Bidding guidelines for procurement of solar and wind power have been notified under section 63 of Electricity Act, 2003
• Efforts have been undertaken to strengthen and expand the domestic manufacturing eco-system. Schemes namely PM-KUSUM, Solar Rooftop and CPSU have a precondition of Domestic Content Requirement, directly creating a domestic demand of more than 36 GW solar PV (cells & modules)
• India has the 4th largest wind power capacity in the world
• In order to facilitate renewable power evacuation and reshaping the grid for future requirements, the Green Energy Corridor (GEC) projects have been initiated
• Prime Minister announced the launch of National Hydrogen Mission and stated the goal to make India a global hub for Green Hydrogen production and export
• One Sun-One World-One Grid (OSOWOG): A tripartite Memorandum of Understanding (MoU) was signed between the Ministry of New and Renewable Energy (MNRE), the International Solar Alliance (ISA) and the World Bank for a study on the OSOWOG initiative
• MNRE had issued orders regarding treating lockdown due to COVID-19, as Force Majeure and granting of time-extension of around 7.5 months for renewable energy projects on account of lockdown and disruptions on account of COVID-19

News Source: PIB