India to review rooftop solar subsidies in November

Facebook
Twitter
LinkedIn
Reddit
Email
The November review will be a chance to examine how much has been achieved so far. Credit: Tom Kenning

India’s Ministry of New and Renewable Energy (MNRE) has nearly finished approving all sanctions for rooftop solar subsidies and the sanctioning process will be reviewed in November, according to Hiren Borah, who heads Solar City, Green Building, grid-connected roof top programmes at MNRE.

Speaking at the REI Expo near Delhi, Borah said that the ministry had a INR50 billion (US$769 million) grid-connected rooftop subsidy budget to sanction across 4.2GW of capacity, of which 2,100MW has already been approved for all the implementing agencies such as Solar Energy Corporation of India (SECI) and public sector undertakings (PSUs).

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

He said the November review will be a chance to examine how much has been achieved so far and to consider whether to increase the programme.

In a separate issue, Borah warned rooftop solar channel partners that they must receive a letter of approval from states or implementing agencies before installing their PV system, otherwise the ministry will not provide the subsidy.

However, Borah also noted that the majority of rooftop solar installed in the country so far has been in the non-subsidy category.

India has also started giving concessional loans to the Commercial and Industrial (C&I) sector, part of which is coming from the World Bank via the State Bank of India, and the other part of which is provided by Asian Development Bank (ADB) via the Punjab National Bank (PNB).

Last June, India put forward two separate policies that both promote and mandate rooftop solar for certain buildings.

20 March 2024
10am CET
Why attend this webinar: Gain insights into the eArc’s ground-breaking design and technical specifications, learn more about the technology’s numerous applications, particularly in C&I settings previously excluded from solar installations. Understand how the eArc could help boost the C&I market by opening up further opportunities for companies to self-generate solar power

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 19, 2024
Texas, USA
Solar Media Events
March 26, 2024
Lisbon, Portugal
Solar Media Events
April 10, 2024
Dallas, Texas USA