MoP announces RPO targets for 2024 to 2030

In accordance with the Energy Conservation Act of 2001, the Ministry of Power has announced the minimum share of renewable energy from April 2024 to March 2030. These rules apply to all designated consumers, including captive users, open-access consumers, and energy distribution licensees. A new category of distributed renewable energy has been added under renewable purchase obligations. The portion of distributed renewable energy must be derived exclusively from energy generated by renewable energy projects with a capacity of less than 10 MW. This includes solar installations in all forms, such as net metering, gross metering, virtual net metering, group net metering, behind-the-meter installations, and any other configurations as specified by the central government. Furthermore, the laws allow the use of renewable energy certificates as a means of achieving the designated renewable energy consumption requirements in order to simplify compliance. If these goals are not met, penalties will be imposed in accordance with the terms of the Energy Conservation Act.