Maharashtra Regulator Approves 5,991 MW of Solar Power Procurement
Maharashtra Electricity Regulatory Commission (MERC) has approved 5,991 MW of solar power procurement
Maharashtra Electricity Regulatory CommissionSolar Power ProcurementRenewable Purchase ObligationRenewable EnergyGridconnected Solar Photovoltaic ProjectsReal Estate MaharashtraSep 25, 2024
According to the MERC order, the approved capacity includes 4,320 MW of solar power from the Mukhyamantri Saur Krushi Vahini Yojana 2.0, a scheme aimed at promoting solar-powered agriculture in the state.
The Renewable Purchase Obligation (RPO) compliance period for the year 2024-25 has also been extended by the MERC. The commission has stated that the RPO compliance for the year 2024-25 will be considered on a quarterly basis.
The MERC has also approved the procurement of 1,671 MW of solar power from the grid-connected solar photovoltaic (PV) projects. The commission has stated that the tariff for these projects will be discovered through a competitive bidding process.
The approval of 5,991 MW of solar power procurement is a significant step towards achieving the state's renewable energy targets. Maharashtra has set a target of generating 12,930 MW of renewable energy by 2025.
Information
Maharashtra Electricity Regulatory Commission (MERC) is the electricity regulatory body for the state of Maharashtra. The commission is responsible for regulating the electricity sector in the state, including the generation, transmission, and distribution of electricity.
Maharashtra Electricity Regulatory Commission (MERC) is a statutory body established under the Electricity Regulatory Commissions Act, 1998. The commission is responsible for promoting competition, efficiency, and economy in the electricity sector.
Frequently Asked Questions
What is the total capacity of solar power procurement approved by MERC?
5,991 MW
What is the name of the scheme aimed at promoting solar-powered agriculture in Maharashtra?
Mukhyamantri Saur Krushi Vahini Yojana 2.0
What is the RPO compliance period for the year 2024-25?
The RPO compliance period for the year 2024-25 has been extended by the MERC.
How will the tariff for the grid-connected solar PV projects be discovered?
The tariff for these projects will be discovered through a competitive bidding process.
What is the renewable energy target set by Maharashtra for 2025?
12,930 MW
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