Govt Plans Easier Funding for Solar, Wind Projects

Introduction

The Government is looking at adopting the viability gap funding model for the second phase of the National Solar Mission, said Gireesh B. Pradhan, Secretary, Ministry for New and Renewable Energy.

Implementing this model would mean a developer will be asked to state the amount the company would require to meet the designated tariff, Pradhan said at an industry event organised by the Centre for Science and Environment. The draft policy for the second phase of solar mission would be released in a week, Pradhan said.

The solar market in India can reach 68 GW by 2022, unlike the Jawaharlal Nehru National Solar Mission target of 20 GW, said Alan Rosling, Chairman and Founder of Kiran Energy.

In addition, the MNRE is also in the process of unveiling an incentivised package for wind energy. The Government is looking at increasing the generation-based incentive for wind energy producers, Pradhan indicated.

Source

India Brand Equity Foundation , November 19, 2012