India’s renewable energy sector is moving fast. The Ministry of New and Renewable Energy is focusing on key areas. These include ensuring states buy renewable power, improving power lines, and using technology for grid integration. These steps are crucial before new large renewable energy projects are announced.
New Delhi: The Ministry of New and Renewable Energy said on Wednesday the enforcement of renewable power purchase obligation by states and distribution companies, upgrading the transmission lines and the use of technology for grid integration are its top priorities before calling bids for large-scale renewable energy projects.More than 40 GW of awarded
renewable projects are currently in advanced stages of securing power purchase agreements, power sale agreements, or transmission connectivity, reflecting a pipeline of committed investment, it said.
India’s renewable energy market has outpaced the pace of its grid and contractual institutions, a challenge common to all countries undergoing large-scale energy transitions, the ministry said.