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One of the successful bidders of India’s cheapest solar power project has brushed aside apprehensions about the project’s financial viability.
India’s Cabinet Committee on Economic Affairs (CCEA) has given the go ahead for the second phase of India’s mega-scale solar park plans to bring the total to 40GW up from 20GW.
In its continuing bid to go solar, India has announced that 7,000 railway stations across the country will be converted to solar power.
Govt seeks to double power generation under solar parks scheme to 40,000 MW, proposes to extend Rs8,100 crore in assistance to fund 30% of initial project cost
The Modi govt plans to come out with a policy to promote manufacturing of the entire range of solar power generation equipment in the country
Today India is fast becoming one of the world’s most attractive markets for Renewable Energy investments. India’s rise has been due to the effective policy and regulatory support for development of Renewable Energy Technologies (RETs).
Various policy measures such as Jawaharlal Nehru National Solar Mission (JNNSM) Feed-in-Tariff, Accelerated Depreciation (AD), Generation Based Incentives (GBI), Renewable Purchase Obligations (RPO) and Renewable Energy Certificates (RECs) have helped in the rapid growth of Renewable Energy deployment in the country.
Along with above demand and supply side measures to promote Renewable Energy growth in India, various states have come up with their state Solar policies to provide an enabling framework for growth of Renewable Energy in India. All State Solar Policies are available in one roof.