Year End Review (MNRE)- Solar Power Target Reset to One Lakh MW

MNRE published the year end review of the renewable energy in India below are the important points from the report
                                                                                                       

India is running the largest renewable capacity expansion programme in the world. The government is aiming to increase share of clean energy through massive thrust in renewables.

UPSCALING OF RE TARGETS:

The Government has up-scaled the target of renewable energy capacity to 175 GW by the year 2022 which includes 100 GW from solar, 60 GW from wind

GREEN POWER CAPACITY INCREASED:

 A total of 2,311.88 MW of grid-connected power generation capacity from renewable energy sources like solar and wind has been added so far this fiscal in the country

REINVEST 2015:

First Renewable Energy Global Investment Promotion Meet & Expo (RE - INVEST) was organised with the intent of providing a platform to the global investment community to connect with stakeholders in India.The Ministry received total of 2,73,000 MW green commitments including 62,000 MW of renewable manufacturing in the event

INTERNATIONAL SOLAR ALLIANCE:

Prime Minister Shri Narendra Modi launched an International Solar Alliance (ISA) at the CoP21 Climate Conference in Paris on 30^thNovember as a special platform for mutual cooperation among 121 solar resource rich countries lying fully or partially between Tropic of Cancer and Tropic of Capricorn

LOWEST SOLAR TARIFFS:

In an e-reverse auction conducted by NTPC on 03.11.2015 for 500 MW (10 projects of 50 MW each) to be set up at Ghani Solar Park in Andhra Pradesh under National Solar Mission, Phase-II, Batch-II, Tranche-I of Ministry of New & Renewable Energy, Govt. of India, NTPC received the lowest tariff of Rs. 4.63 per unit of electricity. Total 30 bids were received totaling to 5500 MW capacity.

 INTRA STATE TRANSMISSION SYSTEM:

In July 2015, the Cabinet has approved the creation of an intra state transmission system in the States of Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra and Rajasthan at an estimated cost of Rs 8548.68 crore with Government of India contribution from National Clean Energy Fund (NCEF) of Rs 3419.47 crore (40 percent of the total estimated cost of project).

SOLAR CITIES:

The Ministry has approved 56 solar cities projects against the target of 60 solar cities under the Development of Solar Cities Programme. The Government  has also approved a Scheme for setting up of 25 Solar Parks, each with the capacity of 500 MW and above 

SOLAR PROJECTS UNDER NATIONAL SOLAR MISSION:

The Union Cabinet gave its approval for the implementation of the scheme for setting up of 15,000 MW of Grid-connected Solar PV Power projects under the National Solar Mission through NTPC

SOLAR PUMPS:

The government has implemented a scheme to install one lakh solar pumps for irrigation and drinking water through State Nodal Agencies and NABARD. These pumps helped lakhs of farmers to increase output, income and also provide drinking water

Several States Witness Silent Revolution of Rooftop Solar Power Generation; National Wind Energy Policy Brought in; PM Launches International Solar Alliance ;56 Solar Cities in the Offing; One Lakh Solar Pumps for Irrigation; Renewable Energy Law to be Enacted