India Renewable Energy Sector Analysis
Indian Government gives multiple benefits to renewable energy projects such as no need for industrial clearance, availability of loan, excise duty exemption, custom duty concession, financial support to renewable energy’s R&D projects, income tax holiday, accelerated depreciation, preferential tariffs, interest and capital subsidies, energy buy-back and third party sale and trading. At the same time, the Government is also trying to reduce the capital cost of renewable energy projects so that more and more companies can invest in the sector. To fulfill this aim, Government is trying to adopt latest and suitable technologies in the sector and promote healthy competition among the players.
Government has set a target to generate 53,000 MW from renewable energy sources by 2017. To achieve this ambitious target government has introduced several programs such as Generation Based Incentives (GBI), Renewable Energy Certificates, Feed-in-Tariff (FIT) support, solar specific, Renewable Purchase Obligation (RPO), Generation Based Incentives (GBI) and long term PPAs.
“India Renewable Energy Sector Analysis” Report gives detailed overview on the following aspect related to renewable energy sector in India:
* Significance of renewable energy for India
* Installed capacity by various renewable energy resources.
Government support and incentives for promotion of renewable energy by segment.
* Current Scenario of decentralize/off grid renewable energy.
* New sources of renewable energy: Hydro, Geothermal & Tidal energy.
* Detailed policy framework related to renewable energy sector.
* Future outlook for renewable energy in India
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