NEW DELHI: The government is planning incentives to promote renewable power and it has already issued tenders for setting up 26-GW clean energy capacities, a top IREDA official said Friday.
Indian Renewable Energy Development Agency (IREDA) Chairman K S Popli said India is planning to produce 50 GW (from clean energy sources) in the next few years.
He was speaking at the India Energy Forum's (IEF's) Renewable Energy Summit here.
"Efficiency of solar cell is going up and we will witness commercial production in the next few years and policies are being relooked,” added Popli.
He also said that payment security system needs to be enhanced and suggested that some financial institutions should tie up with state governments which would be a win-win situation for both.
Popli said quality issues are prevalent in some projects and added that technology prices, however, have now become competitive.
View all SMART GRID Bulletins click here