Government’s Vission to promote renewable energy sector

Permitting Foreign Direct Investment (FDI) up to 100% under the automatic route,
• Waiver of Inter-Stat Transmission System (ISTS) charges for interstate sales of solar and wind power for projects to be commissioned by 30th June 2025,
• Declaration of Trajectory for Renewable Purchase Obligation (RPO) up to the year 2029–30,
• Setting up Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers on a plug-and-play basis,
• Schemes such as Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase II, 12000 MW CPSU Scheme Phase II, etc,
• laying of new transmission lines and building new substation capacity under the Green Energy Corridor Scheme for renewable energy evacuation
• Setting up a Project Development Cell for attracting and facilitating investments,
• Tariff-Based Competitive Bidding Process for Power Procurement from Grid-Connected Solar PV and Wind Projects: Standard Bidding Guidelines
• The government has issued orders that power shall be dispatched against a letter of credit (LC) or advance payment to ensure timely payment by distribution licensees to RE generators.
• Implementation of the production-linked incentive (PLI) scheme for solar PV manufacturers for Rs. 24,000 crores.
• Imposing Basic Customs Duty on cells and modules to encourage domestic manufacturing
• Notified the National Bioenergy Energy Programme with an outlay of Rs 858 Cr under Phase I to promote waste-to-energy, biomass, and biogas programs.
• Green Open Access Rules were promulgated to allow the commercial and industrial sectors to generate/purchase energy for their own consumption.

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