27 Nov '16, 1am

India's MNRE won't subsidise commercial rooftop projects under 40GW target:

India's MNRE won't subsidise commercial rooftop projects under 40GW target:

India’s Ministry of New and Renewable Energy (MNRE) will subsidise 15% of the benchmark cost for residential, institutional, government and social sector rooftop solar installations, but will not cover private, commercial and industrial rooftop solar. With 40GW of solar rooftop allocated as part of India's overall 100GW by 2022 solar target, MNRE has begun implementing its ‘Grid-Connected Rooftop and Small Solar Power Plants Programme’ for projects ranging between 1-500kW in capacity. The ministry said that due to the large rooftop target, it would not be able to provide central financial assistance (CFA) to all rooftop solar plants. The 15% CFA for eligible plants (residential, institutional, government and social sector) will be provided through State Nodal Agencies, State departments, the Solar Energy Corporation of India (SECI), the Indian Renewable Energy Agency (IRED...

Full article: http://www.pv-tech.org/news/indias_mnre_cannot_subsidise_...

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