Punjab’s renewable energy policy targets 3 GW of solar capacity by 2030

The Punjab government has launched a draft renewable energy policy that aims to meet 21 per cent of the state’s power requirement from renewable energy sources by 2030. To this end, a target of 3,000 MW of solar projects has been set under the policy. These solar projects will include utility-scale, canal-top, rooftop, floating and hybrid projects. As part of the policy, 1,500 MW of non-solar generation capacity will be deployed that will include biomass, bagasse cogeneration and smallhydro. The policy has provided exemption on the state goods and services tax (GST), electricity duty, stamp duty and property tax. The policy has announced fiscal incentives for small-hydro and canal-top solar projects.

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