The Ministry of New and Renewable Energy has revised its target of renewable energy capacity to 1,75,000 MW till 2022, comprising 1,00,000 MW Solar, 60,000 MW Wind, 10,000 MW Biomass and 5,000 MW Small Hydro projects. Currently the installed capacity of renewable energy in India is 48.85 GW of which the contribution from solar, wind and biopower is 5.8GW, 25 GW and 4.5 GW respectively. The steps taken by government to support and increase the share of renewable energy in India’s power matrix and to achieve the new target are:
- Enactment of a national offshore wind energy policy.
- Govt plans to set up a trading platform for clean energy to help states buy, sell and trade renewable-based power.
- 10-year tax exemption for solar energy projects.
- Govt has outlined new guidelines which allow states to use its unproductive and non-agricultural land for solar parks.
In order to make Energy Efficiency a high priority National Programme on Light Emitting Diodes (LEDs) has been initiated.
The importance of National Programme on Light Emitting Diodes (LEDs) is following.
- It aims to install LED bulbs for domestic and street-lighting in 100 cities across India by March 2016. LED bulbs will be distributed in a phased manner.
- LED bulbs have a very long life, almost 50 times more than ordinary bulbs, and 8-10 times that of CFLs, and therefore provide both energy and cost savings in the medium term. It will help in saving of energy around 24 crore units every year.
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