Solar rooftops plan worth Rs 5,000 crore a leap towards clean energy
The decision of the Union cabinet to provide Rs 5,000 crore for residential and institutional solar rooftops in the next five years will give major fillip to renewable energy, provided power distribution companies ensure speedy payment to consumers.
The new scheme, providing capital subsidy of 30% to general category states and 70% to special category states of the north-east, could potentially revolutionise decentralised energy generation in India as it did in Germany, where solar energy accounts for about 40% of the total energy generation compared to India’s 6%.
Looking to fulfil India’s commitment under the Paris climate agreement, the government has set an ambitious target of generating 100,000 MW of electricity from solar panels by 2022.
Since the announcement of the target in 2014, as many as 26 states have released net metering (two-directional energy meter) policy. But the response of discoms and consumers has been lukewarm due to the high set up cost.
Read full article: Hindustan Times
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