NEW DELHI, April 2 (Reuters) – India’s wind and solar generators will face higher penalties from April 2027, a year later than planned, when they provide either more or less electricity than they are scheduled to supply to the grid, an order by the country’s power regulator says.
Here are some details:
* The “deviation charges” apply when differences ingeneration compared with the scheduled supply force gridoperators to curb power generated from other plants to stabilisethe system. * The new regulations aim to gradually narrow the gapbetween the amount of electricity producers commit to supply andwhat they supply in reality, the order dated March 31 showed. * Wind and solar generators already face deviation charges,but the new order will increase them under a complexcalculation. * Industry groups had said stricter regulations could leadto revenue loss and limit investor interest in India’s cleanenergy sector. * India aims to build 500 gigawatts of renewable energycapacity by 2030. * The government initially said the penalties for missinggrid supply would take effect from April 2026, but they havebeen delayed by a year after the clean energy ministry asked theregulator to review industry concerns.
(Reporting by Sethuraman NR; editing by Barbara Lewis)
