Mandatory renewable energy targets are part of government legislated schemes which require electricity merchandisers to source-specific amounts of aggregate electricity sales from renewable energy sources according to a fixed time frame. The Renewable Energy Law passed in 2005 explicitly states in its first chapter that the development and the usage of renewable energy is a prioritized area in energy development.
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Energy company Genneia says it will invest 200 mln in renewable energy parks The company which has already invested 12 billion in renewable projects over the last five years aims to exceed 1 gigawatt of installed capacity after the investment.
. The Twelfth Five-Year Plan the current plan also places great emphasis on green energy. Transitioning the electricity system to deal with an increasing share of renewables and different ways of operating is challenging but it presents many opportunities to help businesses manage their energy costs as well as capture new. The energy sector is undergoing a profound and complex transformation as the shift to renewable energy gathers momentum.
The objective of these schemes is to promote renewable energy and decrease dependency on fossil fuelsIf this results in an.
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