Indian Renewable Energy Development Agency (IREDA) Chairman K S Popli has said that the government is mulling incentives to promote renewable energy and has already issued tenders for setting up 26-GW clean energy capacities. He also said that efficiency of solar cell is going up and they will see commercial production in the next few years and policies are being relooked.
IREDA Chairman has stated that the payment security system needs to be enhanced and suggested that some financial institutions should tie up with state governments which would be a win-win situation for both. He pointed out that quality issues are prevalent in some projects and added that technology prices, however, have now become competitive.
Besides, International Solar Alliance (ISA) Director General Upendra Tripathy has said that ambassadors of 29 countries will be in Uttar Pradesh to present their views and discuss critical issues on solar panel and pricing, among others. He also said that finance will remain key challenge for the development of renewable power projects.