Rs 3,584 Crore Released For RE Schemes in FY 2018-19: R K Singh

A total of 74.79 GW of renewable energy capacity had been installed in the country at the end of December 2018.

3,584 Crore Released For RE Schemes

The government has released Rs 3,584.08 crore as Central Financial Assistance (CFA) for implementing renewable energy schemes by the Ministry of New and Renewable Energy (MNRE) in the financial year 2018-19 so far, power and renewable energy minister R K Singh said in a statement in Rajya Sabha. 

A total of 74.79 GW of renewable energy capacity had been installed in the country at the end of December 2018 including 25.21 GW from solar, 35.14 GW from wind, 9.92 GW from biomass, and 4.52 GW from small hydropower.

The Union Minister also said that the installed capacity of solar rooftop systems stands at 1,279 MW in the country.

The current rooftop solar programme, approved by the government in December 2015, aims at setting up 2,100 MW capacity in residential, institutional, social, and the government sectors through CFA by end of 2019-20.

The government has set a target to install 40,000 MW of rooftop solar power capacity by 2022. The rooftop segment has been facing challenges related to delays in tendering, the involvement of multiple stakeholders, the reluctance of discoms due to revenue loss and lack of uniform regulation.

Recently, The Central Electronics Limited (CEL) has floated tender inviting bids for the implementation of 11.12 MW of grid-connected rooftop solar PV projects at the Council of Scientific and Industrial Research (CSIR) premises across India.

The rooftop project is to be developed under the government’s Jawaharlal Nehru National Solar Mission (JNNSM) which now has a target of 100,000 MW of grid solar power by 2022, and will be set up under the RESCO mode.

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Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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