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A budgetary provision of Rs 253.06 crore has been made for research and development in new and renewable energy for the first four years of the Eleventh Five-Year Plan of the Ministry of New and Renewable Energy (MNRE).
According to a release issued by the Ministry, “Against this provision, an expenditure of Rs 199.74 crore has been incurred on R&D in the renewable energy sector during the last three years and the current year (up to February 2011).” The Plan has a special emphasis on efficiency improvement and cost reduction of new and renewable energy systems and devices.
The Government has launched the Jawaharlal Nehru National Solar Mission (JNNSM) to create conditions through rapid scale-up of capacity and technological innovation to drive down costs towards grid parity, the release said.
“With the current level of fiscal and financial incentives, the other renewable power sectors such as wind, small hydro, biomass cogeneration/combustion and biogas-based power have nearly achieved grid parity,” it said, adding that “however, R&D and technology demonstration projects are promoted to make it still better, especially for low capacity systems.”
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