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India Plans $770 Million Subsidy For Rooftop Solar Power Projects By 2020

On 140 acres of unused land on Nellis Air Force Base, Nev., 70,000 solar panels are part of a solar photovoltaic array that will generate 15 megawatts of solar power for the base. (U.S. Air Force photo/Airman 1st Class Nadine Y. Barclay)
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The Indian government is planning to significantly increase financial support for rooftop solar power projects in an attempt to meet the huge target of having 100 GW of solar power capacity operational by April 2022.

The Cabinet of Ministers recently approved a plan to increase subsidies for rooftop solar power projects from current Rs 600 crore (US$92 million) to Rs 5,000 crore (US$770 million). The subsidy will be available to households, government institutions, hospitals, and educational institutions, among others. The financial support will not be available to private sector entities like industries and commercial consumers.

India has set a target to have 100 GW solar power capacity installed by March-end 2022. This will include 40 GW rooftop solar power capacity. However, the government policy is lagging in terms of expanding rooftop solar power capacity. The Ministry of New & Renewable Energy has come out with a timeline for implementation of large-scale solar power projects through auctions; but the ministry has not issued any such timeline for implementation of rooftop solar power projects.

India’s solar power capacity stood at 4.68 GW on 30 November 2015, and of this figure, only 5.6% is in the form of distributed solar power capacity.

December 31st, 2015 by Saurabe Mahapatra, published on cleantechnica.com

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1 Comment on India Plans $770 Million Subsidy For Rooftop Solar Power Projects By 2020

  1. It seems that solar roofing is starting to become more and more popular with time. I think it is a great idea because that is free power from the sun that can help power your house and cut down on the electric bill.When I was staying at my friend’s cabin, we had a solar roof similar to this and everything was powered by those panels. It was really amazing

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