- This policy may attract a huge investment of around Rs 5 lakh crore
- It aims to attract substantial investments and achieve a cumulative installed capacity of 100 GW by 2030
The Tamil Nadu government is to announce its first-ever renewable energy policy by the end of this year. The agenda behind this policy is to create simple regulations and motivate the development of renewable energy projects in the state.
It aims to attract substantial investments and achieve a cumulative installed capacity of 100 GW by 2030.
The government has also hired a private consultant currently assessing the state’s potential for renewable energy. Discussions have also been held with wind and solar power generators to gather their input and expertise.
This policy may attract a huge investment of around Rs 5 lakh crore. First, the pros and cons will be discussed then the policy will be released.
The Chairman of the Indian Wind Power Association, K Kasthurirangan, stressed the importance of prioritizing wind energy projects for further development. He pointed out that Gujarat currently has a higher wind energy generation capacity than Tamil Nadu and emphasised the need for the state to catch up.
DV Giri, the General Secretary of the Indian Wind Turbine Manufacturers Association, recommended adopting a feed-in tariff (FIT) system, similar to that of Gujarat, by the Tamil Nadu government. This system would allow micro, small, and medium-sized enterprises (MSMEs) to have an installed capacity of up to 25 MW without participating in tenders, thereby promoting investments in the renewable energy sector.
Giri also urged the quick implementation of a repowering policy, which would involve replacing old wind turbines with newer, more efficient ones. This aligns with the central government’s zero-carbon policy and would contribute to the state’s power generation capacity.
The implementation of a renewable energy policy in Tamil Nadu is anticipated to guide the state towards aligning with the nation’s clean energy objectives.