Potential, Growth and Policies related to renewable growth:

Throughout the years, sustainable power source area in India has risen as a critical player in
the power age limit. Power is a standout amongst the most critical segments for the
financial development and welfare of countries. The presence and the advancement of
satisfactory power area is basic for manageable development of the Indian economy. India's
energy part is a standout amongst the most expanded on the planet. Wellsprings of energy
age go from traditional sources, for example, coal, lignite, gaseous petrol, oil, hydro and
atomic energy to feasible non-customary sources, for example, wind, sunlight based,
farming and residential waste. The interest for the power in the nation has expanded
quickly and is relied upon to become advance in the coming years. So as to take care of this
expanding demand for power in the nation, enormous expansion to the introduced
producing limit is required. There has been an obvious effect of sustainable power source in
the Indian economy amid the most recent five years. Sustainable power source division in
India has encountered gigantic changes in the approach system amid the most recent
couple of years. Essentially, the Solar vitality and Wind vitality parts are encountering
quickened and driven plans to build the commitment of these segments out of the
aggregate vitality commitment in India. India positions third among 40 nations in Renewable
Energy Country Attractiveness Index 2016, with solid spotlight by the legislature on
advancing sustainable power source in India.

There has been a constant growth in the capacities in India during the financial year 2007-15
which is shown in figure ranging from 9389 MW in 2007 to 34,351MW in 2015. This graph
shows that renewable energy is experiencing an accelerated growth in India over the time
period.

Growth drivers of renewable energy:

The government of India through Ministry of New and Renewable Energy (MNRE) is
assuming a proactive part in advancing the selection of sustainable power source assets by
offering different motivating forces, for example, generation based incentives (GBIs), capital
and interest subsidies, viability gap funding (VGF), concessional finance, financial perks and
benefit.

The National Solar Mission plans to advance the improvement and utilization of sun
powered vitality for control age and different uses, with a definitive target of influencing sun
energy to contend with fossil-based energy choices.

Sustainable power source is winding up progressively cost-aggressive when contrasted with

petroleum product based age, similar to the costs of sun oriented modules have declined by
just about 80% since 2008.

Reserve Bank of India (RBI) has reconsidered the guidelines for all scheduled business banks
incorporating sustainable(renewable) power source in the categories priority sector, in
addition to existing categories making significant inroads for renewable energy in the
priority sector lending, also bank loans for solar rooftop systems to be treated as a part of
home loan, home improvement loan with subsequent tax benefits.
SECTOR POLICIES:

The Setting up of the Solar Energy Corporation of India:

The mandate of the SECI allows wide-ranging activities to be undertaken with an overall
view to facilitate the implementation of the National Solar Mission and the achievement of
targets set therein. The SECI has the objective of developing renewable energy (RE)
technologies and ensuring inclusive RE power development throughout India.

National Offshore Wind Energy Policy, 2015:

Under this Policy, the Ministry of New & Renewable Energy (MNRE) has been authorized to
explore and promote deployment of offshore wind farms in the Exclusive Economic Zone
(EEZ) of the country and the National Institute of Wind Energy (NIWE) has been authorized
as the Nodal Agency for development of offshore wind energy in the country and to carry
out allocation of offshore wind energy blocks, coordination and allied functions with related
ministries and agencies. It would pave the way for offshore wind energy development
including, setting up of offshore wind power projects and research and development
activities, in waters, in or adjacent to the country, up to the seaward distance of 200
Nautical Miles (EEZ of the country) from the base line. The policy will provide a level playing
field to all investors/beneficiaries, domestic and international. It is planned to set up the
first offshore wind power project off the Gujarat coast soon.

The Policy for Grid connected Solar Roof-top Projects:

Joint Electricity Regulatory Commission (JERC)/State Electricity Regulatory Commissions

(SERC) of 29 States/UTs namely Andhra Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat,
Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Maharashtra, Madhya Pradesh,
Meghalaya, Odisha, Punjab, Rajasthan, Sikkim, Tamil Nadu, Uttar Pradesh, Uttarakhand,
West Bengal, Andaman & Nicobar and Lakshadweep Islands, Chandigarh, Dadra & Nagar
Haveli, Daman & Diu, Delhi and Pondicherry have notified regulations/tariff order for grid
connected solar rooftop projects.

State Initiatives:

1)State Electricity Regulatory Commissions in Andhra Pradesh, Haryana, Punjab, Madhya

Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Gujarat, Kerala, Punjab, Orissa and West
Bengal have announced preferential tariffs for purchase of power from wind power
projects.

2)New Solar Policy in 2016 – Delhi, Himachal Pradesh and Haryana.

3)New Solar Policy in 2015 – Telangana Jharkhand, Gujarat, and Andhra Pradesh.
Whose power plans are greener: China or India?
China and India are the two largest emerging economies and their economic
development has been fuelled primarily by coal. And lots of it. China burns
more of the black stuff than any other country, with India ranking third.

But the countries are also racing to develop other types of energy resources.
Currently, India has about 32 gigawatts (GW) of wind power and 12 GW of solar
power within a total generation mix of 320 GW. Renewables (excluding large-
scale hydropower) account for about 17% of its total power output.

In comparison, China has 149 GW of wind and 77 GW of solar – far ahead of its
neighbour, although with less renewables as a part of installed capacity because
its energy mix, at 1,646 GW, is more than five times greater than India’s.