Under the mission, the targets for the applications are: 200 megawatts (MW) of installed capacity by 2013; 1,000 MW by 2017; and 2,000 MW by 2022. This step, says the Ministry, signifies a major effort by India to combat climate change.
Various off-grid systems up to a maximum of 100 kWp per site and mini grids of up to 250 kilowatts for village electrification will also be supported. The Government will additionally offer financial support in the form of 30 per cent subsidy for a basic system and/or five per cent interest bearing loans for civil works and instrumentation, etc.
For 2010-11, the benchmark price for photovoltaic systems with battery back up is INR 300 per Wp, and INR 210 per Wp for systems with non-storage battery, such as water pump systems. Capital subsidy of 90 per cent of the benchmark cost would be available for special category States lying in border areas and hilly terrains.
Investment will come from various multi-channel partners including the Indian Renewable Energy Development Agency, various banks, financial institutions and renewable energy service companies, among others.
The news comes after the introduction of the countrys National Solar Mission by the Honorable Prime Minister of India this January.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.