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Manila, Philippines
15691 MW
MW
Wind
Source : Ministry of New and Renewable Energy
Biomass
Small Hydro
Others
RE
capacity
(17
GW)
forms
10%
of
total
generation
capacity
(164
GW)
in
the
country
~ 5% of total consumption
Practical Solutions to Real Life Problems
The cost-based prices therefore enable investors obtain a reasonable return on renewable energy investments. India has practiced FIT regime for nearly two decades now.
ABPS Infrastructure Advisory Private Limited
Practical Solutions to Real Life Problems
Period B
Regulated Preferential Tariffs
Period C
REC + Pref Tariffs
Period A
MNRE Preferential Tariff Policy 1994-95 1994 Way back in 1994-95, Ministry of Non-Conventional Energy Sources (then MNES and now MNRE) According to Policy, State Electricity Boards were required to purchase electricity generated by renewable energy sources at rates prescribed in the policy The rate prescribed was Rs. 2.25 per unit for year 1994-95 to be increased by 5% per annum for next ten years. Further, Policy provided wheeling and banking at 2% to captive and thirds party sales transactions. Various states adopted the guidelines (not uniform) through an executive order (by energy department)
Period A
Period B
Period B
Period B
Period B
Period B
Period B
Period C
Period C
Period C
Period C
Period C
Mechanism has been implemented with effect from April 1, 2010 and the trading of RECs has started since March 2011.
ABPS Infrastructure Advisory Private Limited
Practical Solutions to Real Life Problems
Period C