Ministry of New and Renewable Energy, Government of India is implementing a ‘Grid Connected Rooftop and Small Solar Power Plants Programme’ to promote grid connected solar rooftop systems in the country. During 12th Five Year Plan a target of 300 MWp with financial outlay of 600 crore was set by the Ministry. Government of India has now revised the target for installation of 40 GWp grid connected solar rooftop systems by 2022 in the country.
Ø So far, 360 MWp solar rooftop systems have been sanctioned of which 50 MWp have been sanctioned under the ‘Grid Connected Rooftop and Small Solar Power Plants Programme’ and 310 MWp under 5 nos. projects under National Clean Energy Fund (NCEF). So far, about 100 MWp aggregate capacity has been installed in the country. These systems have been installed in residential, industrial, commercial and institutional sectors. Solar rooftop projects are being implemented by State Nodal Agencies (SNA’s), Solar Energy Corporation of India (SECI), Public Sector Undertakings (PSUs) and other Multi Government Agencies (MGAs), Private Developers etc.
Ø The major infrastructure sector i.e. Metro Rail Projects, Railways, Airports, Jal Boards, Shipping, Sports Stadia, Oil Companies, Factories etc. are also coming forward for installation of Grid Connected Solar Rooftop Plants. The in-principle approval has been considered for 1560 MWp projects to Solar Energy Corporation of India (750 MWp), Ministry of Railways (450 MWp), Delhi Jal Board (16 MWp), Kochi Metro Rail (4 MWp) and Delhi Metro Rail (30 MWp), Chandigarh (10 MWp) and Tamil Nadu (300 MWp). The proposals from other States and sectors are being received.
Ø Previously the subsidy level was 30% which has been reduced to 15% for installation of grid connected solar rooftop systems. This subsidy is not applicable for commercial and industrial categories of buildings.
Ø The Government has approved total amount of Rs. 5,000 crore spread over a period of 5 years from National Clean Energy Fund (NCEF). Accordingly, the note for approval of Cabinet Committee on Economic Affairs (CCEA) has been submitted. With 15% subsidy about 4,200 MWp aggregate capacity is expected to be set up with this fund.
Ø This 4200 MWp will create the market, build the confidence of the consumers and will enable the balance capacity to come up in parallel through market mode to achieve the target of 40,000 MWp by 2022.
Ø The year-wise breakup of the financial outlay and the corresponding target and major activities is given is as under:
|Physical Target Capacity to be added (MWp)||1000||1500||1500||200||—||4200|
|Financial Target(Rs. in crore)*||250||1500||1500||1000||750||s5000|
Ø State Electricity Regulatory Commissions of 20 States/UTs namely Andhra Pradesh, Chhattisgarh, Delhi, Haryana, Karnataka, Kerala, Odisa, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Andaman & Nicobar, Chandigarh, Dadar & Nagar Haveli, Daman & Diu, Lakshadweep, Pondicherry , Goa and Gujarat have notified regulations for net metering/feed-in-tariff mechanism.
Ø So far, 15 States namely Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal have come out with Solar Policy supporting grid connected rooftop systems.
Ø Recently, Reserve Bank of India has included renewable energy projects under priority sector lending for which bank loans up to a limit of Rs. 15 crore to borrowers will be available for renewable energy projects including grid connected solar rooftop and ground mounted systems. For individual households, the loan limit is Rs. 10 lakh per borrower.
Ø Department of Financial Services has advised all Public Sector Banks to provide loans for grid connected rooftop solar systems as home loan/ home improvement loan. So far, ten PSBs namely Bank of India, Syndicate Bank, State Bank of India, Dena Bank, Central Bank of India, Punjab National Bank, Allahabad Bank, Indian Bank, Indian Overseas Bank and State Bank of Bikaner & Jaipur have given instructions to their branches.
Latest posts by Team EnergyInfraPost (see all)
- Buoyed By Resolution of Tax Dispute, IOC Plans Additional Investment of Rs 52K crore In Paradip Refinery – August 21, 2017
- Mediterranean Region On Verge Of Becoming Gas Producing Hub – August 21, 2017
- Shell Loads Its First Cargo Of Libyan Crude In 5 Years – August 21, 2017