The Indian growth story now no
longer needs to be validated and verified as India is set to become one of the largest solar
market globally in the coming years.
Driving on the surge is the growing renewable energy industry,
which has come out in a big way to carve its fantastic growth trajectory.
Renewable Energy India Expo celebrated 11 glorious years of indigenous
entrepreneurship and unparalleled industry collaboration last September 2017.
The expo has become a one stop platform for global stakeholders to showcase their cutting edge products and unleash the immense power of technology and
India is on the ambitious path to implement the world's largest Renewable Energy
expansion program. India's growing stature and successful leadership position at
International Solar Alliance (ISA) has prompted even the
countries outside of the tropics to express their interest in entering the alliance.
The International Solar
Alliance (ISA) is conceived as a coalition of solar resource rich countries to address their special
energy needs and will provide a platform to collaborate on
addressing the identified gaps through a common, agreed approach.
INDIA'S KEY ACHIEVEMENTS INCLUDE
Phenomenal dip in solar tariffs to a
record low of USD 0.04 per unit because of the increasing viability of Solar energy projects
10% provision of roof top solar and Renewable Energy as
mandatory under Mission Statement and Guidelines for all the 100 Smart Cities
Successfully leading the climate change deal amongst
195 countries at COP21 in Paris, with 40% commitment for non-fossil fuel based energy by 2030
With 60.98 GW installed Renewable power
capacity, the total share of clean energy has now increased to 18.37% of the total installed capacity
Construction of world's largest solar park,
(2 GW when fully complete) in full swing at Pavagada Taluk, Tumakuru District of Karnataka which is set to become
the largest solar park in a single location
Most comprehensive power sector reform ever,
UDAY (Ujwal DISCOM Assurance Yojana) for financial turnaround of Power Distribution Companies
Must run status for Renewable Energy projects by
Central Electricity Regulatory Commission (CERC) to ensure viability and effective cost recovery of the projects
Construction of Green Energy Corridor to strengthen the transmission of renewable
Energy 33 solar parks with overall capacity of 20,000 MW in 20 States to be initiated
Power Sale Agreement (PSA) for 1,000 MW of
inter-state transmission system (ISTS)-connected wind projects signed by SECI (Solar Energy Corporation of India)
with state Distribution companies for ready evacuation of Renewable power