Solar Energy Policy Of Government Of India

India has embarked on an ambitious target of having 450 gw of renewable energy by 2030 and also provide 17 lakh solar pumps to farmers under pradhan mantri kusum yojana in coming days to capitalise on this clean resource president ram nath kovind said on friday.

Solar energy policy of government of india.

Wind solar and hybrid wind and solar power parks. Your solar installer can avail of a loan from ireda on your behalf at a concessional interest rate 9 9 to 10 75. The scheme proposes to offer financial support by the government of india to establish solar parks to facilitate the creation of infrastructure required for setting up new solar power projects in terms of allocation of land transmission access to roads availability of water etc. The 50 percent cap of the approved load or contracted demand by small residential rooftop owners has been removed by the government of gujarat enabling the residential consumers to install rooftop solar systems of any capacity of their own.

India attained 63 overall energy self sufficiency in 2017. As part of its climate policy agenda the government has pursued a mission based approach in many policy areas including solar water and energy. It is for this reason that the industry requires a certain degree of government support and fortunately the government has been extremely in favour of solar power with the announcement of its ambitious renewable energy target of 227 gw by 2022 with 100 gw through solar energy following the historic paris agreement in 2015. The country is already working on the target of having 175 gw of renewable energy by 2022 which includes 100 gw of solar.

The mnre ministry of power and the government of india provide a 30 capital subsidy on solar projects. In karnataka loans for solar are available as part of a home loan home improvement loan. The state government of gujarat has revised its policy for allocating wasteland for renewable energy i e. India has also been a leader in mission innovation and other multilateral collaborations including the iea technology collaboration programmes.

According to the new provisions the renewable project park developer s will have a period of 3 years from the date of handing over of the sites to build a minimum. The energy policy of india is largely defined by the country s expanding energy deficit and increased focus on developing alternative sources of energy particularly nuclear solar and wind energy.