Rooftop solar scheme

Rooftop solar scheme

Rooftop solar scheme. The Central government is considering to bring long-term policies and scheme for installing solar power plants with 1 lakh MW...

The Central government is considering to bring long-term policies and scheme for installing solar power plants with 1 lakh MW capacity in the country. It has announced revision of the target of renewable energy capacity of the Ministry of New and Renewable Energy to 1,75,000 MW by 2022. The revised target comprises capacity addition of 1,00,000 MW Solar, 60,000 MW Wind, 10,000 MW Biomass and 5,000 MW Small Hydro Power.

The ministry has launched a scheme for 25 solar parks with an aggregate capacity of 20,000 MW The Minister further stated that the plan of action to achieve the target of 100 GW by 2022 is under preparation which broadly consists of 40 GW Grid Connected Rooftop Projects and 60 GW Large and Medium Size Land based Solar Power Projects. So far, 351.60 MWp (mega watt peak i.e., 1,000 kilowatt peak) aggregate capacity of grid-interactive rooftop solar projects has been sanctioned and projects of 47.64 MWp has been commissioned in various States.

The Minister further stated that the scheme has a provision of subsidy up to Rs 24 per Wp for the general category States and Rs 26 per Wp in North-Eastern States, Andaman & Nicobar and Lakshadweep Islands. The Ministry proposes to make the scheme incentive driven rather than subsidy driven. The Ministry has proposed to reduce the subsidy on rooftop solar power plants to 15% from the present level of 30% due to reduction in price of solar panels, large target set for rooftop solar power plant and limited availability of funds. The scheme encourages various business models including PPP mode. The subsidy as mentioned in part (b) is also applicable to these institutions.

The major steps taken by the Government are as follows: (i) The ‘Grid Connected Rooftop and Small Solar Power Plants Programme’ encourages the installation of solar rooftop systems across the country including in buildings of State Government agencies; ii) There are provisions of concessional import duty/excise duty exemption, accelerated depreciation and tax holiday for setting up of grid connected rooftop power plants; and (iii) Encouraging States to come out with conducive policy and regulatory framework on net-metering/feed-in-tariff to install rooftop solar power plants

Show Full Article
Print Article

Download The Hans India Android App or iOS App for the Latest update on your phone.
Subscribed Failed...
Subscribed Successfully...
Next Story
More Stories