Minister of New and Renewable Energy Dr Farooq Abdullah informed the Rajya Sabha that the capacity addition in the wind energy sector declined after the withdrawal of Accelerated Depreciation (AD) and Generation Based Incentive (GBI) from April 01, 2012.
In the approved 12th Plan document Planning Commission has suggested creation of a Wind Mission so that all the related issues for speedy exploitation of wind potential of the country can be addressed.
The National Action Plan on Climate Change (NAPCC) suggests that from 2009-10 the national renewables standard may be set at five percent of total purchase of grid electricity, which should increase by 1 percent each year for the next 10 years.
As per Central Electricity Authority’s estimates the share of renewable power in total electricity mix in the period April-August 2012 was about 7 percent, which was broadly in line with the suggestions for the share of renewable power in the electricity mix made in NAPCC.
The Forum of Regulators (A forum comprising of Chairperson, of the Central Electricity Regulatory Commission and Chairpersons of the State Electricity Regulatory Commissions) has approved a Model Regulation for SERCs on RPO and its compliance, wherein there is a provision for levy of compliance charge, in event of obligated entities not fulfilling the renewable purchase obligation.