MNRE proposes 54 GW wind park scheme for states Although wind energy spearheaded India’s renewable vitality development till 2015, it has begun to lose its sheen, notably its share in capability additions.To deal with the land-related hassles in wind energy initiatives, the Union ministry of latest and renewable vitality (MNRE) is planning a wind vitality park growth scheme. As a part of the identical, states will put together the mandatory infrastructure for wind energy venture builders underneath the plug- and-play mannequin. MNRE will present monetary help of Rs 20 lakh per megawatt (MW) to park builders for making ready the websites — involving land, transmission connectivity and different essential approvals — required for wind plant installations. The park builders will likely be designated by states.MNRE proposed the scheme in a just lately launched idea notice. Although auctions for photo voltaic and wind parks have historically been performed by the central authorities businesses, MNRE famous that various such initiatives have been delayed resulting from hurdles over land availability, NoCs and transmission-related points. MNRE has already recognized potential wind park zones throughout Tamil Nadu, Andhra Pradesh, Karnataka, Gujarat, Rajasthan, Madhya Pradesh and Telangana, with a possible of about 54,000 MW (54 GW) of latest wind vegetation underneath the scheme.Wind plant now comprise about 43% of the whole put in renewable vitality capability of 89 GW. Annual wind capability addition has slowed down from 3.4 GW in FY16 to 2.1 GW in FY20. The entire put in energy technology capability of the nation is 373 GW, of which 62% are thermal energy vegetation.Wind energy initiatives require scattered land, which will increase energy transmission prices in addition to the potential of land- associated hurdles. Shifting the onus to states is taken into account as a way to smoothen the method. The coverage additionally permits states to construct wind-solar hybrid parks within the earmarked areas, in the event that they select to take action.Although wind energy spearheaded India’s renewable vitality development till 2015, it has begun to lose its sheen, notably its share in capability additions. “Lately, the sector has been affected by weakening monsoons, land availability points, monetary weaknesses of discoms, with ensuing cost delays, and a rise in market dangers,” a current report by the Local weather Coverage Initiative stated.Get reside Inventory Costs from BSE, NSE, US Market and newest NAV, portfolio of Mutual Funds, calculate your tax by Revenue Tax Calculator, know market’s High Gainers, High Losers & Greatest Fairness Funds. Like us on Fb and observe us on Twitter.Monetary Specific is now on Telegram. Click on right here to affix our channel and keep up to date with the newest Biz information and updates. By bhagat|2020-11-21T04:16:47+05:30November 21st, 2020|Categories: Latest News|Tags: ministry of new and renewable energy, wind power, wind power potential, wind power projects|0 CommentsShare This Story, Choose Your Platform!FacebookTwitterRedditWhatsappTumblrEmail Related Posts Subsidised shoppers of LPG with BPCL to be moved to IOC, HPCL Gallery Lenders give in-principle nod to Kesoram decision plan Gallery FPI shopping for in 2020 up to now at $15 billion Gallery Unacademy raises recent funds at $2-bn valuation Gallery Restricted automobile motion affecting CV mortgage collections Gallery Leave A Comment Cancel replyYou must be logged in to post a comment.