A feed-in tariff is a strategy mechanism intended to quicken interest in renewable energy innovations. It accomplishes this by offering long term contracts to renewable energy producers, commonly in basis of the cost of generation of each technology. Rather than pay an equivalent sum for energy.
however created, advancements, for example, wind control and sun powered PV, for example, are granted a lower for every kWh cost, while innovations, for example, tidal power are offered a higher cost, reflecting costs that are higher right now.
feed-in tariff’s generally include 3 key provisions
- guaranteed grid access
- long-term contracts
- cost-based purchase prices
Under a feed-in tariff, qualified renewable power generators, including mortgage holders, entrepreneurs, agriculturists and private financial specialists, are paid a cost-based cost for the renewable power they supply to the framework. This empowers differing innovations (wind, sunlight based, biogas, and so forth.) to be produced and gives financial specialists a sensible return.
India introduced its most recent sun based power program to date on 9 January 2010. The Jawaharlal Nehru National Solar Mission (JNNSM) was formally reported by Prime Minister of India on 12 January 2010. This program intended to introduce 20 GW of sunlight based power by 2022. The principal period of this program focused on 1000 MW, by paying a tax settled by the Central Electricity Regulatory Commission (CERC) of India. While in soul this is a bolster in duty, a few conditions influence extend size and charging date. The tax for sun oriented PV activities is settled at Rs. 17.90 (USD 0.397)/kWh. Tax for sun powered warm ventures is settled Rs. 15.40 (USD 0.342/kWh). Tax will be evaluated occasionally by the CERC. In 2015, the encourage in levy is about Rs. 7.50 (USD 0.125)/kWh and is for the most part pertinent at utility level. The sustain in levy for rooftop beat PV plants is still not appropriate.