India approves Phase-II of Grid Connected Rooftop Solar Programme for achieving cumulative capacity of 40,000 MW from Rooftop Solar Projects by the year 2022
The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi has given its approval for the Phase-II of Grid Connected Rooftop Solar Programme for achieving cumulative capacity of 40,000 MW from Rooftop Solar (RTS) Projects by the year 2022. The programme will be implemented with total central financial support of Rs.11,814 crore (1,663 million USD).
In the Phase-II Programme Central Financial Assistance (CFA) for the residential sector has been restructured with availability of 40% CFA for RTS systems up to 3 kW capacity and 20% for RTS system capacity beyond 3 kW and up to 10 kW.
For Group Housing Societies/Residential Welfare Associations (GHS/RAW), CFA will be limited to 20% for RTS plants for supply of power to common facilities, however, the capacity eligible for CFA for GHS/RAW will be limited to 10 kW per house with maximum total capacity upto 500 kWp, inclusive of RTS put in individual houses in the GHS/RWA.
CFA under residential category will be provided for 4000 MW capacity and the same will be provided on the basis of benchmark cost or tender cost, which is lower.
Source: Ministry of New and Renewable Energy, Government of India
Illustration Photo: Rooftop Solar (credits: U.S. Embassy photo by Adah Laureano Ellenport / Flickr Creative Commons Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0))