In line with the recent success at Intersolar India, the country’s cabinet has approved its first solar power plan, pledging to boost output from near zero to 20GW by 2020 as part of its plan to fight global warming. The first stage will involve approximately 1.5GW of output by 2012.
“The cabinet gave its approval for launching of the Jawaharlal Nehru national solar mission, Solar India… and has given in principle approval,” information and broadcasting minister Ambika Soni told reporters.
This latest development works towards India’s goal of catching up with other countries success in the PV market. The US$19 billion plan could also increase India’s leverage in international talks for a new U.N. climate pact in Copenhagen in December, one of several measures meant to help cut emissions.
The money will go towards developing incentive schemes for the production and installation of PV systems as well as research and development. The plan also offers financial incentives and tax holidays for utilities.
For more details on the Jawaharlal Nehru national solar mission and to read the statement from the Minister please visit the Government of India’s Ministry of New and Renewable Energy site.