Government to set up 50 solar parks with 40,000 MW production capacity

The Union Minister for Power and New and Renewable Energy stated in a written reply to the Rajya Sabha that the government is undertaking a project to build 50 solar parks with a total capacity of 40,000 MW across the country. These parks are designed to provide developed infrastructure to facilitate installations of solar power projects. Under the initiative, the central government will grant financial assistance of up to Rs 2.5 million for the compilation of a detailed project report and Rs 2 million per MW or 30 per cent of the project cost, whichever is lower, for the development of such parks.

Furthermore, the minister has also mentioned that under Phase-I of the Rooftop Solar Programme, which was in place in the country until March 2020, central financial assistance (CFA) for institutional and social sectors was available. Since the cost of installing rooftop solar power systems has decreased, CFA to beneficiaries from all sectors, except the residential sector, has been withdrawn under the current Rooftop Solar Programme Phase-II.

Under Phase-II of the Rooftop Solar Programme, incentives of 5 per cent of the benchmark cost for rooftop solar capacity addition beyond 10 per cent and up to 15 per cent of the baseline capacity are available as on March 31, 2022. And incentives of 10 per cent of the benchmark cost for rooftop solar capacity addition beyond 15 per cent of the baseline capacity as on March 31, 2022, are being provided to discoms towards installation of such projects in all sectors, including solar power panels at educational and religious institutions, NGOs, etc.

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