Home » Other » Firms may be penalized if solar targets are not met

Firms may be penalized if solar targets are not met

According to reports, top 50 corporate and industrial majors and most of the electricity generation and distribution companies in the country belonging to various state governments may face punitive action for not meeting the solar power generation targets mandated under the renewable purchase obligations (RPO).

According to the RPOs, every company generating, consuming or distributing power has to ensure its nearly 9% energy component came from the renewable or non-conventional energy resources such as wind, solar, hydro, biogas etc. The generation targets through various resources have also been fixed for them.

“The country’s shortfall in solar energy obligation is 30%.We recently wrote letters to top companies and state power authorities reminding them of their shortcomings on the RPO front and they must now improve on their targets,” said Tarun Kapoor, joint secretary of the ministry of new and renewable energy, government of India.

“We have also recommended to the electricity regulatory authorities in the country to amend their rules and regulations

so that they just not only remind but also take some punitive actions against these companies to ensure better targets,” he said while talking to the media on the outskirts of the inter-solar conference here.

Kapoor said companies which have missed RPO targets over the last couple of years should be asked by the regulators to achieve them in the days to come

Anil Kakodkar, chairman of the Solar Energy Corporation of India & Solar Energy Research Advisory Council, JNNSM, India also addressed the conference.

According to Kapoor, by the year-end around 2,500MW is the target set for solar power but only 1100MW capacity is likely to be installed. “Except Gujarat no other state has progressed up to the mark. Among companies Reliance Industries, Steel Authority of India and several others have to improve upon their captive renewable power generation targets,” he said, pointing out that certain projects were delayed due to shortage of heat transfer fluid (HTF) required for running turbines based on steam after heating water with the help of solar energy.

“India has achieved 1,044MW capacity in 2012 compared to 10MW in 2010. This trend will hopefully continue on, as more states realize the potential of solar power. As part of the next 5 year plan, the renewable energy capacity is set to be increased up to 55000MW from the current 25000MW. Out of this, 10000MW will be contributed purely by solar power. Though the industry feels that this is an over-ambitious projection, I am very confident that we will achieve more that 10000MW solar contribution to over all renewable energy power supply.”

Leave a Reply

Your email address will not be published. Required fields are marked *


Scroll To Top