This growth, according to Telangana State Renewable Energy Development Corporation (TSREDCO) MD and vice chairman N Janaiah
Hyderabad: Even as Telangana stands at number two in the country in terms of total installed capacity of renewable energy, the State is on path to achieve 5 GW (5,000 MW) capacity by 2024. Currently, the State has 3,500 MW of capacity already commissioned and is all set to add 1,000 MW of capacity in the next one year with new projects in the pipeline.
This growth, according to Telangana State Renewable Energy Development Corporation (TSREDCO) MD and vice chairman N Janaiah, will be achieved through the various initiatives being undertaken in the solar power space like rooftop solar projects along with KUSUM scheme – a grid connected solar water pump scheme for farmers. “Telangana stands second in the country in terms of installation – which is just 500 MW less than Karnataka. And this is not a very difficult target to achieve given the rate of adoption in the State especially for rooftop solar and the acceptance of distributed solar policy announced recently. The expansion of solar power has improved and same will continue going ahead,” he said.
He added that rooftop solar, electric vehicle policy and the KUSUM scheme are getting many enquiries and the Central government has recently increased the subsidy for rooftop solar installation from 30 per cent to 40 per cent which will also encourage more residential and commercial users to come on board. Janaiah was speaking at an event to announce the fourth edition of RenewX that is slated to be held on April 26 and 27.
RenewX provide an industry platform for organisations to penetrate into South Indian renewable energy market and it will witness a congregation of South India’s green economy community to discuss industry trends, challenges and market insights. The event will have 100 exhibitors participating and they will mostly be from South India.
Yogesh Mudras, managing director, UBM India said, “As of last year, South India generates half of the country’s renewable energy power, with Telangana itself having a vast solar potential estimated at 20.41 GW and a wind energy potential of 4.2 GW. The state government has also implemented the decentralized distributed model which makes project approvals a time-bound, well-defined process, and providing for a number of favourable regulations relating to net metering, open access, feed-in-tariff and grid-related interventions.”
Source: telanganatoday
