Daily News Wrap-Up: Ministry Revises RPO Targets, Eliminates Energy Storage Obligation

Gensol secures ₹3 billion solar EPC contract in Maharashtra

October 26, 2023

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The Ministry of Power, in collaboration with the Bureau of Energy Efficiency (BEE), has issued a notification amending the Energy Conservation Act of 2001 to introduce minimum renewable energy consumption targets for designated consumers until the financial year 2029-2030. This amendment is set to come into force on April 1, 2024. Until then, the earlier renewable purchase obligation (RPO) will remain in force.

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Mercom Staff