Government Proposes Rs 23,450 Crore Rooftop Solar Scheme
.jpg?downsize=1010:568 "Government Proposes Rs 23,450 Crore Rooftop Solar Scheme")
The Ministry of New and Renewable Energy is making another attempt to boost the adoption of rooftop solar projects in India.
The Sustainable Rooftop Implementation for Solar Transfiguration of India proposes financial assistance to the tune of Rs 23,450 crore from the central government to state power distribution companies, or discoms, for installation of rooftop solar plants in residential sectors.
Performance-based financial support will accelerate deployment of rooftop solar plants, according to the ministry's concept note. The scheme will integrate discoms as an implementing agency in the second phase of the rooftop solar scheme, the statement added.
Discoms will be incentivised to install grid-connected rooftop solar plants in their area. Funds will be released on a quarterly basis upon receipt of project installation reports.
The concept note, once approved, will serve as the basis of Ministry of New and Renewable Energy's revised scheme for solar rooftop and will replace the Cabinet Committee on Economic Affairs' note submitted in April.
Streamlining The Solar Push
The Narendra Modi government had unveiled a 'Grid Connected Rooftop and Small Solar Power Plants Programme' in 2015, with the aim of supporting the installation of 4,200-megawatt capacity by 2019-20. So far, 2,047-megawatt peak capacity plants have been sanctioned under the programme, and about 845-megawatt peak aggregate capacity plants have been installed.
However, consumers had to approach multiple agencies for permissions, which in turn, led to slow implementation. The new scheme proposes to streamline the system by making discoms' local offices the nodal points for implementation.
The ministry has sought feedback on the concept note by December 31.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
