Assessing Parameters Driving Increase in Demand of Green Power The capacity added through renewable in energy in India witnessed an all time high in FY 2016 with an aggressive capacity additions witnessed across solar power. In addition, India’s national action plan on climate change calls for the country to generate 10 percent of its power from solar, wind, hydropower and other renewable sources by the end of FY2016 and 15 percent by 2020. The key parameters which ensured the demand through renewable energy gain momentum in the country are listed as below: Energy Security Concerns Government Thrust for RE Capacity Additions Climate Change Reduction in Cost of Renewable Energy Technology Distributed Electricity Demand Favorable FDI Policy in India Huge Renewable Potential RPO Compliance and Enforcement The Renewable Purchase Obligation (RPOs) require distribution licensees , captive power consumers and open access consumers to generate a certain percentage of their total electricity requirement from appropriate renewable energy sources. The national RPO targets under NAPCC for year 2014-15 stands to be 10%, which is likely to escalate to 15% by 2019-20. The states having lower renewable energy potential can opt to buy out renewable energy certificates to meet
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