SEMI India benchmarks India’s NSM on global FIT best practices
SEMI India organized a panel discussion in Bangalore, India, today to discuss public policy principles on feed-In tariffs (FITs) and their relevance to the Jawaharlal Nehru National Solar Mission (JN NSM).
SEMI India also released a white paper on the policy principles and recommended global best practices for solar FITs, with comments on its relevance to the Indian context.
I believe the paper can be downloaded from the SEMI/PV Group’s website.
A feed-in tariff (FIT) is said to be a “Government policy to encourage adoption of renewable energy by requiring regional or national electric utilities to buy electricity from renewable sources at above-market rates.” If you look at the global FIT statistics, 37 countries adopted FITs in 2008, which now stands at 45 countries.
According to Sathya Prasad, president SEMI India, policy drives the solar PV market. For instance, over 80 percent of 2008 PV demand came from the FIT supported market.
More details later! ;) Keep watching!