banking services chronicle magazine pdf in english november 2019

 banking services chronicle magazine pdf in english november 2019

banking services chronicle magazine pdf in english november 2019  Published this article page no  Over the period renewable energy has emerged as a true multi-benefit system combining ecological necessities with domestic priorities and economic opportunities. It addresses the complex challenges of energy security energy access growing energy demand and domestic F job creation. With 77 GW renewable energy capacity on ground and 54 GW at different stages of fruition India is well on the way to realise the ambitious target of 175 GW by 2022. The policy landscape for renewable energy deployment is ever evolving in response to felt needs. The renewable energy projects are mostly being implemented in the private sector. The steps taken by the government to support the renewable energy sector include fiscal and promotional incentives such as capital subsidy guidelines for transparent competitive bidding process waiver of Inter State Transmission System (ISTS) charges and losses viability gap funding (VGF) standards for deployment of renewables systems and devices and permitting Foreign Direct Investment up to 100 per cent under the automatic route. By the year 2022 the renewable power share in the overall electric installed capacity is expected to reach 37 per cent. If large hydro is included the share of non-fossil fuel electric installed capacity in the electricity mix would be around 48 per cent. Over the period India has become a favourable investment destination for renewables. A variety of investors finance renewable energy projects in India including institutions banks and registered companies. Institutional investors are either state-owned private or bilateral and multilateral institutions. banking services chronicle magazine pdf in english november 2019

 banking services chronicle magazine pdf in english november 2019