India to get tough on clean power compliance

Facebook
Twitter
LinkedIn
Reddit
Email

India will enforce renewable generation targets as part of impending new energy policy Piyush Goyal, minister for coal, power and new & renewable energy (MNRE) has said adding that penalties for non-compliance with an existing scheme will soon be issued.

Speaking at the RE-Invest conference in New Delhi, Goyal said companies that had not met their Renewable Purchase Obligations (RPO) would be penalised. Goyal warned in July 2014 that enforcement of the RPO was necessary to help the country meet its renewable energy targets.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The minister also confirmed the creation of a (Renewable Generation Obligation) for power producers in upcoming policy. This is thought to be a more practical approach to promoting clean energy than enforced purchases that have proved to be a financial burden on India’s distribution companies.

Goyal also moved to address the question of finance in India’s renewable energy market. The country has large ambitions but fears over the high cost of financing linger.

The MNRE said investments would “protected and encouraged” and would look to facilitate a better business environment.

A draft state-level solar policy, circulated by the MNRE for consulation, suggests that states will be asked to carry out financial assistance themselves including the creation of a Green Fund.

“The fund so created shall be utilized for organizing capacity building and training programme, creating awareness, offsetting the upfront capital cost, interest subvention through Banks and any other aspect deemed necessary for the easy adoption of solar plants in the State,” the policy states.

Read Next

July 2, 2025
Indigenous-led renewable energy company Yindjibarndi Energy Corporation (YEC) has submitted plans for a hybrid wind and solar PV renewable energy project to the Australian government’s Environment Protection and Biodiversity Conservation (EPBC) Act.
July 2, 2025
Robotics company Luminous has received AU$4.9 million (US$3.2 million) via Australia’s Solar ScaleUp Challenge to support deploying its ‘LUMI’ technology at utility-scale solar PV power plants.
July 1, 2025
Spanish independent power producer (IPP) Zelestra has secured financing and reached financial close for its 220MW solar-plus-storage plant in Chile.
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.
July 1, 2025
The UK government has released this week (30 June) its Solar Roadmap, which sets out practical measures to meet the country’s solar PV targets.
July 1, 2025
Solar developer ib vogt has sold a 110MW solar PV plant in Spain to international fund NextPower V ESG, which is operated by investment firm NextEnergy Capital (NEC).

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA