• The government announced a national wind-solar hybrid policy, which seeks to promote new projects as well as hybridisation of the existing ones.
• The government has set an ambitious target of achieving 175 gigawatts (gw) of installed capacity from renewable energy sources by 2022, which includes 100 gw of solar and 60 gw of wind power capacity.
• The policy provides a comprehensive framework to promote large grid-connected wind-solar photovoltaic (PV) hybrid system for optional and efficient utilisation of transmission infrastructure and land.
• The policy will help in reducing the variability in renewable power generation and achieving better grid stability.
• The policy provides for the procurement of power from a hybrid project on the tariff-based transparent bidding process for which government entities may invite bids.
• Under the policy which is first, the government will extend all fiscal and financial incentives available to wind and solar power projects to hybrid projects.

Source:TH