MNRE Launches 500 MW CfD Pilot to Boost Revenue Certainty for Renewable Energy Developers
MNRE's CfD pilot likely to bring revenue certainty for RE developers
Business Standard
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The Ministry of New and Renewable Energy (MNRE) in India has initiated a 500 MW pilot contract for difference (CfD) scheme aimed at providing revenue certainty for renewable energy developers. This scheme requires developers to supply 1,500 MWh of power daily during non-solar hours, enhancing market stability.
- 01MNRE has launched a 500 MW CfD pilot scheme.
- 02The initiative aims to ensure revenue certainty for renewable energy developers.
- 03Developers must supply 1,500 MWh of power daily during non-solar hours.
- 04The Solar Energy Corporation of India (SECI) will implement the scheme.
- 05The pilot is expected to reduce risks and improve market stability.
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The Ministry of New and Renewable Energy (MNRE) has introduced a 500 MW pilot contract for difference (CfD) scheme to provide revenue certainty for renewable energy developers in India. Under this scheme, developers are required to supply 1,500 MWh of power daily during non-solar hours, allowing them to choose any three-hour window for supply. The initiative aims to mitigate risks associated with renewable energy projects and enhance market stability. The Solar Energy Corporation of India (SECI) has been appointed as the nodal agency responsible for the implementation of this pilot program, which is expected to foster a more reliable revenue stream for developers operating in the renewable energy sector.
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This initiative is expected to provide renewable energy developers with a more stable revenue model, which can encourage investment in renewable projects, ultimately benefiting consumers through potentially lower energy costs.
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