NEW DELHI: India has been ranked fourth in the Global Wind Power Installed Capacity index with the Government undertaking the largest renewable capacity expansion programme to augment generation of wind energy from various sources to meet country’s growing demands.

The Government is aiming to increase share of clean energy through massive thrust in renewables. Core drivers for development and deployment of new and renewable energy in India have been Energy security, Electricity shortages, Energy access and Climate change among others.

A capacity addition of 14.30 GW of renewable energy has been reported during the last two and half years under Grid Connected Renewable Power, which include 5.8 GW from Solar Power, 7.04 GW from Wind Power, 0.53 from Small Hydro Power and 0.93 from Bio-power.

The Government of India in its submission to the United Nations Frame Work Convention on Climate Change has stated that India will achieve 40 per cent cumulative Electric power capacity from non-fossil fuel based energy resources by 2030 with the help of transfer of technology and low cost International Finance including from Green Climate Fund.

As on October 31, 2016, Solar Energy Projects with an aggregate capacity of over 8727.62 MW have been installed in the country. The Government is playing an active role in promoting the adoption of renewable energy resources by offering various incentives, such as generation-based incentives (GBIs), capital and interest subsidies, viability gap funding, concessional finance, fiscal incentives among others. (AGENCIES)