New Delhi: For the development of renewable and green energy, the central government allocated funds to states through various programs and schemes. For the last two years, Gujarat was allocated the highest amount of funds in relation to Solar Parks and Rooftop Solar energy generation programs. This information was provided by R.K. Singh, Minister of New & Renewable Energy and Power, in Rajya Sabha on Tuesday during the ongoing Winter session of Parliament.

Ministry is implementing various schemes and programmes for development and deployment of renewable energy, under which funds are released in accordance with respective scheme guidelines.

During the year 2022-23 and 2023-24 (upto 31.10.2023) details of fund allocated and utilized by the Ministry is given below:

The state wise details of funds released under major Programmes/ Projects by the Ministry are given in Annexure.

At present, most of the utility-scale renewable energy projects in the country are being set up by private sector developers, selected through a transparent bidding process.

As per the updated Nationally Determined Contribution submitted to the United Nations Framework Convention for Climate Change, Government of India has committed to achieving 50% non-fossil based installed electricity capacity by 2030. So far, a total of 186.46 GW capacity from non-fossil fuel-based energy resources has been installed in the country as on 31.10.2023, which includes 178.98 GW Renewable Energy and 7.48 GW Nuclear Power. In addition, 114.08 GW of capacity is under implementation and 55.13 GW capacity is under tendering. The share of non-fossil fuel sources in India’s
total installed electricity generation capacity reached 43.82% as on 31 October 2023.

Renewable Energy Programmes/ Projects are being implemented in all the States/ UTs of the Country and following specific measures/steps have been undertaken to promote development of renewable energy in the country:

• Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route,

• Waiver of Inter State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by 30th June 2025,

• Specifying the minimum share of consumption of non-fossil resources by designated consumers, including Distribution Companies, up to 2029-30,

• Setting up of Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers for installation of RE projects at large scale,

• Schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase II, 12000 MW CPSU Scheme Phase II,

• Laying of new transmission lines and creating new sub-station capacity under the Green Energy Corridor Scheme for evacuation of renewable power,

• Notification of standards for deployment of solar photovoltaic system/devices,

• Standard Bidding Guidelines for tariff based competitive bidding process for procurement of Power from Grid Connected Solar PV and Wind Projects.

• Government has issued orders that power shall be dispatched against Letter of Credit (LC) or advance
payment to ensure timely payment by distribution licensees to RE generators.

• Notification of Promoting Renewable Energy through Green Energy Open Access Rules 2022.

• Notification of The Electricity (Late Payment Surcharge and related matters) Rules (LPS rules).

• Green Term Ahead Market (GTAM) to facilitate sale of Renewable Energy Power through exchanges.

• National Green Hydrogen Mission launched with an aim to make India a global hub for production, utilization and export of Green Hydrogen and its derivatives.

• Notification of prescribed trajectory for RE power bids of 50 GW/ annum to be issued by Renewable Energy Implementation Agencies from FY 2023-24 to FY 2027-28.