Hindustan Clean energy Calls for feed-in-tariff route for solar projects
Hindustan Cleanenergy, one of the largest solar energy producers in the country, says India should switch to feed-in-tariff mechanism to award renewable energy projects for speedy implementation and reasonable returns for stakeholders. “The award process through competitive bidding is very time consuming and full of uncertainties. To accelerate the implementation of solar projects, we would like the government of India and state governments to take the feed-in-tariff (FiT) route opted by countries like China, Germany and Japan,” Rajya W Ghei, CEO at Hindustan Cleanenergy, told ET. FiT offers price certainty, typically based on cost of production, and long-term contracts to power generators to accelerate investments in renewable energy resources.FiT offers price certainty, typically based on cost of production, and long-term contracts to power generators to accelerate investments in renewable energy resources. Ghei said almost all the states in India have realised the importance of sustainable development and the crucial role solar energy can play in it. As a result, all the governments are coming out with policies and measures to increase the ease of setting up solar projects.