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Indian renewables developer Azure Power has commissioned a 130MW solar project in Chitradurga district, Karnataka.
Renewable Purchase Obligation (RPO) is the single most important policy driving renewable energy installations in India towards achieving the aggressive goal of installing 175 GW by 2022 with solar making up 100 GW.
The union cabinet decided last month to double India’s solar power generation capacity, from 20 GW to 40 GW, by setting up 50 solar parks, which are solar projects with a capacity of 500 MW or more concentrated in one area.
The high degree of solar insolation in the state is enabling a generation of 2,20,000 units of clean energy per day," Hindustan Power said in a statement.
Macquarie Infrastructure and Real Assets (MIRA) is in advanced talks to acquire a 320 megawatt (MW) portfolio of solar assets from Hindustan Power Projects Pvt. Ltd (HPPPL), two people familiar with the development said.
Today India is fast becoming one of the world’s most attractive markets for Renewable Energy investments. India’s rise has been due to the effective policy and regulatory support for development of Renewable Energy Technologies (RETs).
Various policy measures such as Jawaharlal Nehru National Solar Mission (JNNSM) Feed-in-Tariff, Accelerated Depreciation (AD), Generation Based Incentives (GBI), Renewable Purchase Obligations (RPO) and Renewable Energy Certificates (RECs) have helped in the rapid growth of Renewable Energy deployment in the country.
Along with above demand and supply side measures to promote Renewable Energy growth in India, various states have come up with their state Solar policies to provide an enabling framework for growth of Renewable Energy in India. All State Solar Policies are available in one roof.