India's Cabinet Committee on Economic Affairs (CCEA) has approved its solar for farmers scheme that aims to support 25,750MW of solar by 2022 with INR344 billion (~US$4.84 billion) of central government backing.
The second phase of the programme targeting 40GW of rooftop solar by 2022 backs residential solar systems and incentivises Discoms.
India has approved a 12GW solar scheme for central public sector undertakings (CPSUs), which are state-owned enterprises, and it includes a requirement to source cells and modules locally.
India’s Cabinet Committee on Economic Affairs has approved the IPO of the Indian Renewable Energy Development Agency (IREDA) aiming to help fund more renewable energy projects.
India’s Cabinet Committee on Economic Affairs (CCEA) has given the go ahead for the second phase of India’s mega-scale solar park plans to bring the total to 40GW up from 20GW.