India has implemented several major initiatives and policies to promote renewable energy sources and achieve its clean energy targets:
1. National Solar Mission: Launched in 2010, this aims to promote solar energy through policy mechanisms, capacity building, and research and development.
2. Wind Energy Development: Various incentives such as generation-based incentives, accelerated depreciation, and tax benefits have been provided to boost wind energy installations.
3. Bioenergy Promotion: Initiatives focus on promoting biomass power and biogas production through financial incentives and supportive policies.
4. Hydropower Development: The government has introduced policies to encourage the development of small hydropower projects while ensuring the preservation of ecological balance.
5. International Solar Alliance (ISA): India leads this global alliance to facilitate the deployment of affordable solar technologies and mobilize investments for solar projects.
6. Renewable Purchase Obligation (RPO): It mandates the purchase of a certain percentage of electricity from renewable sources by obligated entities, thereby stimulating demand.
7. Competitive Bidding: The adoption of competitive bidding processes for procurement of renewable energy has significantly reduced project costs.
8. Grid Integration: Measures are being taken to integrate renewable energy sources with the electricity grid for reliable and efficient power transmission.
9. Energy Efficiency Initiatives: Programs promoting energy-efficient technologies, appliances, and buildings have been implemented to reduce overall energy consumption.
These policies and initiatives reflect India's commitment to transitioning to clean and sustainable sources of energy.