DelhiDesk India’s Minister for Power and New & Renewable Energy, Raj Kumar Singh, has warned wind energy equipment makers against focusing too much on the international market and neglecting the domestic market as the country’s renewable energy capacity increases. Speaking at the CII Annual Session 2023, Singh suggested that wind energy equipment makers should be mandated to sell at least 50% of their products in India. He also warned solar equipment makers against profiteering and urged them to avoid supplying most of their produce to international markets, as India’s domestic demand for renewable energy continues to grow.
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👉 The union minister for power and new & renewable Raj Kumar Singh warns wind energy equipment makers against catering to the international market more than meeting the domestic requirement as the Indian renewable energy capacity grows.
👉 The government can remove non-tariff barriers such as the Revised List of Models & Manufacturers (RLMM).
👉 Singh suggests that at least 50% of wind energy equipment products have to be sold in India.
👉 The Ministry of New & Renewable Energy (MNRE) issued guidelines for development of wind power projects in 1995 and the guidelines have been revised from time to time.
👉 Singh asks the solar equipment makers not to profiteer amid the Centre’s tariff and non-tariff barriers put in place to boost domestic manufacturing.
👉 The government will crack down on developers of power projects who miss the scheduled commercial date of operation or deadline to complete the project.
👉 By 2030, 65% of India’s energy capacity will come from non-fossil sources.
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