The Ministry of New and Renewable Energy has proposed SRISTI — Sustainable Rooftop Implementation for Solar Transfiguration of India – scheme to incentivise the installation of rooftop solar projects in India. An official statement said, “The concept, once approved, shall serve as the basis of revised scheme of MNRE for solar rooftop in Phase-II and will replace the Cabinet Committee on Economic Affairs note that was submitted to Cabinet in April this year.”

The scheme will integrate discoms as an implementing agency in Phase-II of the rooftop solar scheme, the statement added. The proposed scheme aims to achieve a national target of solar rooftop of 40 GW till 2021-2022. It is proposed that Central Financial Assistance will be provided only for installation of rooftop solar plants in residential sectors. The residential users may install the plant of capacity in line with their requirement and the respective State Electricity Regulatory Commission regulation. But, the subsidy support will be limited up to 5 kWp capacity of plant.

The incentive towards subsidy to the residential sector is capped at ₹18,000 per kW calculated at benchmark cost of ₹60,000 per kW. The incentive to discoms for social, institutional, government sectors, commercial and industrial sector is capped at ₹5,500 per kW, calculated at benchmark cost of ₹55,000 per kW.

The total incentive for the residential sector stands at ₹9,000 crore for 5000 MW of installations. The incentive to discoms is capped at ₹14,450 crore for 35000 MW of rooftop solar installations. The total outlay is 23,450 crore for 40,000 MW of rooftop solar installations.

Source: http://www.thehindubusinessline.com/news/govt-proposes-rs-23450cr-scheme-for-rooftop-solar/article9998955.ece

Facebook Comments