This has resulted in green power capturing nearly all of the 43% jump in new power capacity added in the April-November period this fiscal, compared to the same period last fiscal.
Latest data from the Central Electricity Authority (CEA) shows that renewable energy projects—solar, wind, small hydro—added 14.9 GW in April-November, nearly double the 7.53 GW green capacity added in the year-ago period.
What pushed developers to commission their projects quickly was the approaching deadline of 30 June 2025 for the waiver of inter-state transmission system (ISTS) charges for renewable energy projects. ISTS charges are meant to be paid by power generators to the transmission company for supplying power to states other than where it is generated.
This story is from the December 25, 2024 edition of Hindustan Times.
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This story is from the December 25, 2024 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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