MoP issues RPO and energy storage obligation trajectory till 2029-30

The Ministry of Power (MoP) has issued renewable purchase obligation (RPO) and energy storage obligation trajectory till 2029-30. According to this order, the total prescribed RPO will progressively increase from 24.61 per cent in 2022-23 to 43.33 per cent by 2029-30. This includes wind RPO, hydropower purchase obligation (HPO) and other RPO.

During the period under consideration, the wind RPO will increase from 0.81 per cent to 6.94 per cent; HPO will increase from 0.35 per cent to 2.82 per cent; and other RPO will increase from 23.44 per cent to 33.57 per cent. The MoP has stated that wind RPO will only be satisfied by energy generated by wind power projects that are operational after March 31, 2022. The HPO will only be fulfilled by electricity generated by large hydro projects, including pumped hydro, that are operational after March 8, 2019, and continue until March 31, 2030. Other RPOs can be satisfied using electricity generated by any renewable energy generating plant other than wind and hydro.

Hydropower imported from abroad will not be counted toward HPO compliance. Any deficit in meeting other RPO each year can be made up for the extra energy utilised by wind power plants completed after March 31, 2022.

The energy storage obligation will be calculated in energy terms as a proportion of total electricity consumption and will be regarded as satisfied only when at least 85 per cent of the total energy stored in the energy storage system is obtained from renewable energy sources each year. For energy storage, which has been introduced for the first time, the targets will increase from 1 per cent during 2023-24 to 4 per cent by 2029-30. This would be met through solar and wind power projects with energy storage.

Access the document here

 

GET ACCESS TO OUR ARTICLES

Enter your email address