Govt to offer 'Feed In Tariff' for wind and solar energy (India)

http://www.newkerala.com/news.php?action=fullnews&id=22003

The government today said it will set up a 'Feed In Tariff' system for solar and wind energy to supply power across the country, a move that would increase the amount of renewable energy generation.

This Renewable Feed In Tariff System (RFITS), popular in Germany and Australia, will ensure a fair rate of return for the investors.

RFITS is a policy whereby the government legally guarantees the renewable energy producers to have access to the power grid at a guaranteed price.

''My ministry is evolving the feed in tariff system for wind and solar as well as other non-conventional energy and will shortly forward it to the power regulatory authorities for their endorsement,'' Secretary, Ministry of New and Renewable Energy, V Subramanium said at the 2nd South Asia Renewable Energy Conference here.

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