Power capacity addition grows this fiscal led by new renewable projects
Subscribe to enjoy similar stories. New Delhi: Spurred by the approaching expiry of a transmission charge exemption, renewable power developers have begun to hasten completion of their projects. This has resulted in green power capturing nearly all of the 43% jump in new power capacity added in the April-November period this fiscal compared to the same period last fiscal.
Latest data from the Central Electricity Authority (CEA) shows that renewable energy projects—solar, wind, small hydro—added 14.9 GW in April-November, nearly double the 7.53 GW green capacity added in the year-ago period. What pushed developers to commission their projects quickly was the approaching deadline of 30 June 2025 for the waiver of inter-state transmission system (ISTS) charges for renewable energy projects. ISTS charges are meant to be paid by power generators to the transmission company for supplying power to states other than where it is generated.
Currently, ISTS charges are waived for 25 years for green projects—solar, wind, hybrid, battery energy, and pump storage projects—that are commissioned before 30 June 2025. To be sure, several industry participants have been seeking an extension of the waiver. In July, Mint reported that the National Solar Energy Federation of India (NSEFI) has requested that the government extend the waiver.
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