Draft National Renewable Energy Act 2015 Released by MNRE

After the scaling up of the grid connected solar  power projects from 20000 MW in the year 2021-22, to 100 GW by the year 2021-22 under national solar mission two week ago which includes 40000 MW of the Rooftop Solaar Projects and 60 GW of medium and large scale solar peojects MNRE today released Draft National Renewable Energy Act(NREA) , 2015.

Highlights of the Draft NREA, 2015

  • Specifies the need for the deployment of renewable energy on wider scale and to increase share of RE in the energy mix will require enabling policies to stimulate changes not only in policies related to RE deployment but also in policies related to the planning of the complete energy system.
  • As current framework does not considers the discounting impacts of the fossil fuel energy dependence explicitly its necessary for a separate legal framework for RE.
  • Broad classification of the act is as follows:
  1.  Institutional Structure: The constitution of decision-making and advisory bodies in the
    government, which ensure the development and implementation of a stable and conducive policy
    regime to facilitate investments for development of renewable energy sources.
  2. Supportive Eco – System: The development of conducive ecosystem, which promotes the
    utilization of RE sources and permits investments. This includes, RE Policy and Plan, Resource
    assessment, policies on testing, monitoring and verification, and indigenous manufacturing of
    components.
  3. Economic and Financial Framework: Constitution and operation of National and State level
    funds to support achieving of the objectives of this Act.
  4. RE Applications: This section covers the application of the above described framework to two
    main categories of renewable sources:
    a. Distributed Renewable Energy Applications
    b. Grid connected Renewable Electricity
  • The Act is divided into seven parts and contains 53 sections.
  • It includes provisions for the creation of the National Renewable Energy Fund, State Green Funds ,National Renewable energy advisory group and  National Renewable Energy Committee.

For More details  please refer : Draft NREA, 2015

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