30% Central Financial Assistance for setting up solar rooftop systems

Tuesday, December 17, 2013: The Ministry Of New & Renewable Energy is promoting the grid connected solar rooftop systems in the country under Jawaharlal Nehru National Solar Mission. Central Financial Assistance upto 30% of the benchmark cost of the project is provided for setting up of the solar rooftop systems which generate the power and are connected to the grid.

So far, 26.6 MW equivalent grid connected solar rooftop systems have been sanctioned to the Solar Energy Corporation of India and 2.5 MW systems to Ministry of Railways under the National Clean Energy Funds received by the Ministry.

A target of setting up of 10,000 MW Grid connected solar power plants has been set during the current plan period. The major steps taken by the Ministry to augment solar power generation in the country and to achieve the target are as follows:

(i)Government has launched Jawaharlal Nehru National Solar Mission(JNNSM) on 11th January,2010. The Mission targets deployment of 20,000 MW of grid connected solar power by 2022 in three phases. An enabling policy & regulatory environment has been created under the Mission to promote grid connected solar power generation.

(ii)Provision for renewable purchase obligation for solar has been made in the National Tariff Policy.

- Advertisement -

(iii) Concessional Import duty/Excise duty exemption for setting up of solar power plants, accelerated depreciation and tax holiday.

(iv) Generation based incentive and facility for bundled power for Grid connected Solar Power Projects through various interventions announced from time to time, besides, viability Gap Funding support from National Clean Energy Fund.

(v) Awareness programmes such as exhibitions, training workshop etc. are being conducted.

This information was given by the Minister of New and Renewable Energy Dr. Farooq Abdullah in a written reply in the Rajya Sabha.

- Advertisement -
Loading form…

Industry's Buzz

Local manufacturing (representational image)

L&T Semiconductor, Tata Electronics Partner to Expand Chip Manufacturing in India

0
The collaboration will focus on products for automotive, industrial, communications, security, and intelligent-edge applications L&T Semiconductor Technologies Limited (LTSCT) and Tata Electronics have entered into...
Kotra

KOTRA Drives Korean Semiconductor Supplier Push Into India

0
Korean semiconductor suppliers are seeking early partnerships with Indian chipmakers as $8.4 billion in subsidies accelerate domestic manufacturing and packaging capacity. Korean semiconductor materials, components,...

TOPPAN Group Announces New BOPP Film Manufacturing Line

0
The new line is expected to begin full commercial operations by late 2026 TOPPAN Inc. and its Italy-based film manufacturing subsidiary Irplast S.p.A. have recently...

Nexperia Partners With Tata Electronics for Semiconductor Manufacturing in India

0
The partnership is structured around three key areas: front-end wafer fabrication, back-end assembly and test, and technology and ecosystem development Nexperia and Tata Electronics have...

TANAKA Invests in Clean Planet to Explore Quantum Hydrogen Energy

0
The partnership will combine TANAKA’s expertise in precious metal materials with Clean Planet’s QHe technology TANAKA PRECIOUS METAL GROUP has invested in Japan-based Clean Planet...

Learn From Leaders

Ronak Kumar Samantray, Founder, TM2Space Technologies Pvt Ltd.

“Our goal is to build data centres in space.” – Ronak Kumar Samantray, TM2Space

0
A space startup aims to build orbital data centres, letting users run AI models and store data on satellites while also supplying satellite hardware...

India’s Photonics Puzzle Is Finally Coming Together 

0
Can India turn its scattered photonics capabilities into a stronger industry? A new association aims to connect the ecosystem and strengthen the domestic value...
Jin Bains, CEO, Mini-Circuits

Mini-Circuits CEO Jin Bains on Navigating High-Frequency Component SWaP-C Constraints, Emerging Markets, and Career...

0
In this exclusive, Jin Bains, Chief Executive Officer (CEO) of Mini-Circuits, explains in a conversation with Dilin Anand of EFY about areas of emerging...

India Needs Not a Hundred, But Thousands of Chip Diversified Companies 

0
Can India build a semiconductor ecosystem beyond fabs? Indiesemic believes thousands of diversified chip companies are needed to make that possible. India’s semiconductor push is...
L Venkata Subramaniam, CEO, Qbit Force, Andhra Pradesh

“We Aim To Make Quantum Computing More Visible, Understandable, And Open To Build On”...

0
From building India’s first open quantum hardware ecosystem to assembling a working quantum computer in just four months, Qbit Force is redefining how deep...

Startups

Venkata Simhadri, Managing Director and CEO of ASIP

“Running A Semiconductor Manufacturing Facility Requires A High Level Of Discipline, Consistency, And Attention”-...

0
Prime Minister Narendra Modi recently laid the foundation stone for ASIP Technologies’ semiconductor facility in Tarluvada, Visakhapatnam. In an interaction with EFY’s Nitisha Dubey,...
Sarah Osentoski is the Chief Technology Officer of Vinci

A Startup Building An AI Copilot For Physics 

0
What if engineers could solve complex design problems in minutes instead of hours? An AI startup is building a system that uses physics-based AI...
Ronak Kumar Samantray, Founder, TM2Space Technologies Pvt Ltd.

“Our goal is to build data centres in space.” – Ronak Kumar Samantray, TM2Space

0
A space startup aims to build orbital data centres, letting users run AI models and store data on satellites while also supplying satellite hardware...
Manivannan Subramaniam, Director R&D, CIYES Systems

“We Want to Build Globally Competitive Deep-Tech Products from India” –  Manivannan Subramaniam, CIYES...

0
Can India build globally competitive deep-tech products? Manivannan Subramaniam of CIYES Systems believes it can. In this interview with EFY's Nitisha Dubey, he discusses...

Raptee.HV, Rajalakshmi Engineering College Launch EV Centre of Excellence

0
The facility is among the first initiatives under Raptee.HV Academy Raptee.HV has launched a Centre of Excellence for Electric Mobility at Rajalakshmi Engineering College (REC),...