- The policy will remain in effect for five years and solar projects, which come up during this period will be eligible for various benefits for a period of 25 years.
- the state government has scrapped the condition that the installed capacity of a solar project needs to be 50 per cent of the sanction load or contract demand
Gujarat’s Chief Minister Vijay Rupani has announced the state’s new solar power policy which will be valid for the next five years. It comes with multiple incentives to reduce the share of coal-based power and shift more towards green energy.
Under the new policy, the state government has scrapped the condition that the installed capacity of a solar project needs to be 50 per cent of the sanction load or contract demand. The state government would purchase surplus energy from residential and micro, small and medium enterprises consumers after setting off against their consumption. They would be allowed to sell their surplus power at a tariff of Rs 2.25 per unit.
Installed capacity of a solar project needs to be 50 per cent of the sanction load or contract demand
A government release about the policy stated the policy will remain in effect for five years and solar projects, which come up during this period will be eligible for various benefits for a period of 25 years.
Rupani said that under this policy, people can even give their terraces or premises to other developers on lease and earn an income on it. With no limit on the installed capacity, industries can produce more solar power and bring down their overall production cost.
A group of industries can also come together to set up a captive solar project at one place and distribute power as per their share in the investment as per state energy minister Saurabh Patel .
