Comments
With the aim of facilitating the setting up of 10,000 MW of hybrid wind-solar power plants by 2022, the Ministry of New & Renewable Energy (MNRE) has come out with the Draft National Wind-Solar Hybrid Policy on Tuesday.
The draft policy proposes to encourage new technologies, methods and way-outs involving combined operation of wind and solar PV plants.
Draft policy
Broadly, the draft policy proposes hybridisation of existing solar photovoltaic (PV) and wind power plants as well as providing a guideline towards setting up of new hybrid wind-solar PV power plants.
The draft policy proposes to provide fiscal and financial incentives for hybridisation of existing plants as well as setting up of new hybrid wind-solar PV plants. "Low cost financing for hybrid projects may be made available through IREDA and other financial institutions like multilateral banks," the draft policy states.
If existing plants want to hybridize, they will have to ensure that the power injected into the grid is not more than the existing capacity sanctioned for the plant. Further, the additional power generated from the hybrid project may be used for captive purpose or sold either to the distribution utility at a price determined by the state regulator or lowest bid price discovered by any government agency, whichever is lower.
Hybrid wind-solar projects
For new hybrid wind-solar projects, the draft policy proposes to provide the developer with the option of using the hybrid power for captive use, third party sale or sale to state electricity distribution utilities at prices determined by the state electricity regulatory commissions for the project.
"The hybrid power so purchased by the distribution company may be used to offset both solar and non-solar renewable purchase obligations," the draft policy stated.
The Ministry of New & Renewable Energy has sought comments on the policy and the last date for sending comments is June 30.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.