cover image: Achieving India’s Renewable Energy Target by 2030 - Recommendations and solutions for overcoming

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Achieving India’s Renewable Energy Target by 2030 - Recommendations and solutions for overcoming

20 May 2024

• Enforcement: MNRE, State Electricity in pushing the renewable energy transition in states where the penalty • To provide long-term clarity for all stakeholders, the RPO trajectory must be for lack of RPO compliance in the past was relaxed or pardoned. [...] • Central Board of Excise and Systems (BESS) • Similar to the solar and wind segments, BESS must also receive tax and duty waivers in the initial years to help it achieve a critical Customs, Department of Revenue, GST Council High system costs are partly due to taxes and threshold and momentum.• A five-year custom duty exemption on the import of various other • Ministry of New and Renewable duties. [...] • Operationalising the firm and dispatchable renewable energy (FDRE) pool and renewable energy + storage central pool to extend the benefit of a pooled tariff to DISCOMs to alleviate Slow deployment of BESS • Regulatory Intervention: their concerns on discovered tariff. [...] Ministry of Power/ Ministry of • Pre-identification of project sites and clearances/approvals to New and Renewable Energy Construction of PHS projects is capital-intensive and be obtained prior to the project’s bidding. [...] • Ministry of Power has provided repowering and Wind repowering challenges life extension for wind power projects, allowing such generators to supply excess power on the Wind repowering is facing challenges due to state- power exchange if a state DISCOM does not • Regulatory Oversight: Ministry of Power (Green Open Access Rules) level issues related to the sale of power and a lack of want to offta.
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United States of America