Increasing Production of Solar Energy
Increasing Production of Solar
Energy
The following
initiatives have been taken by government to promote Solar Power in the
country:
• Exemption from excise duties and concession on import duties on components and equipment required to set up a solar plant
• A 10-year tax holiday for Solar Power Projects.
• Exemption from excise duties and concession on import duties on components and equipment required to set up a solar plant
• A 10-year tax holiday for Solar Power Projects.
• Wheeling, banking and third party sales, buy back facilities by states.
• Guaranted market through solar power purchase obligation to states.
• GBI schemes for small projects connected to grid below 33 kV.
• Reduced wheeling charges as compared to those for conventional energy.
• Special incentives for exports from India in renewable Energy technology under renewable energy sector- specific SEZ.
• A payment security mechanism to cover the risk of default by state utilities/discoms.
• A subsidy of 30% of the project cost for off-grid solar thermal projects, subject to availability of funds.
In the Budget 2015, Government has announced a target of adding 175 GW of renewable energy, including addition of 100 GW of solar power, by the year 2022. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Lok Sabha today. It is also being planned to increase the Renewable Purchase Obligations to the levels as envisaged under National Action Plan on Climate Change (NAPCC).
The Minister further stated that for grid connected Solar Rooftop, subsidy of 30% of the benchmark cost for general category States and 70% for special category states is being provided also under off grid Solar PV programme, subsidy of 30% of the benchmark cost for general category States and 70% for special category States is being provided for defined category and subjected to availability of funds, the Minister added.
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Solar Energy Corporation of
India
Solar Energy
Corporation of India (SECI) was incorporated in Sept. 2011 as a company under
Section 8 of the Companies Act, 2013. Government has granted approval for
conversion of the existing Section 8 company into a Section 3 company under the
Companies Act, 2013 (No.18 of 2013) and for renaming it as Renewable Energy
Corporation of India. This was stated by Shri Piyush Goyal, Minister of State
(IC) for Power, Coal & New and Renewable Energy in a written reply to a
question in the Lok Sabha today.
The Minister stated that the organization has to take up commercial activities including trading of power in order to implement various Govt.’s Schemes and to become self- sustaining. The organization is also required to take up development of all segments of Renewable Energy viz. geo-thermal, off-shore wind, tidal, etc., apart from Solar Energy.
The Minister further stated that currently, the organization is engaged in implementation of a number of renewable energy projects and schemes including setting up of 2000 MW solar power projects under VGF scheme, 750 MW of solar power projects under VGF scheme, Solar Park Scheme, roof-top projects and projects in association with other Ministries/ organizations.
The Minister stated that the organization has to take up commercial activities including trading of power in order to implement various Govt.’s Schemes and to become self- sustaining. The organization is also required to take up development of all segments of Renewable Energy viz. geo-thermal, off-shore wind, tidal, etc., apart from Solar Energy.
The Minister further stated that currently, the organization is engaged in implementation of a number of renewable energy projects and schemes including setting up of 2000 MW solar power projects under VGF scheme, 750 MW of solar power projects under VGF scheme, Solar Park Scheme, roof-top projects and projects in association with other Ministries/ organizations.
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