Prez Sanctions Rs 11,814 Cr for Grid Connected Rooftop Solar Programme Phase-II

However, the Ministry further added that the detailed operational guidelines for implementation of the scheme will be issued separately.

The President of India has accorded for phase-II of grid-connected rooftop solar programme for achieving a cumulative capacity of 40 GW from Rooftop Solar (RTS) projects by 2022 with the total central financial support of Rs 11,814 crore.

The Ministry of New and Renewable Energy (MNRE) said in its order for launch of phase-II of grid connected rooftop solar programme for achieving cumulative capacity of 40 GW from Rooftop Solar (RTS) projects by 2022, that, “The sanction of the President of India is hereby accorded for grid connected rooftop solar programme phase-II for achieving cumulative capacity of 40,000 MW from Rooftop Solar (RTS) Projects by the year 2022 with total central financial support of Rs 11,814 crore including capacity building and service charges to the implementing agencies.”

As per the MNRE order the scheme consists of two components i.e. (i) Component A:- Setting up of 4,000 MW of Grid Connected Solar Rooftop plants in residential sector with Central Financial Assistance (CFA).

(ii) Component B:- Incentives to Discoms based on achievement for installing additional grid connected rooftop capacity in all sectors over and above the base level, with the incentives being limited to the first additional 18000 MW of rooftop capacity added in the country. However, achievements above this level will not be eligible for any incentive.

Moreover, the Ministry has also provided categorization for financial outlay for implementation of Component A and Component B are as follows:

components

Besides, the year-wise funds required for implementation of component A and B are given below (Rs. in Crore):

component

However, the Ministry further added that, the detailed operational guidelines for implementation of the scheme will be issued separately.

Last Month, the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has provided its consent for the Phase-II of grid connected rooftop solar programme to achieve the ambitious targets of 40 GW cumulative capacity from Rooftop Solar (RTS) Projects by 2022.

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Manu Tayal

Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.

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