Rooftop Solar System To Be Promoted Among Industries | SupportBiz


Rooftop Solar System To Be Promoted Among Industries

The Indian Renewable Energy Development Agency (IREDA), a Public Sector Undertaking of the Ministry has been raising funds from the foreign agencies i.e., Kreditanstalt fur Wiederaufbau (KfW) Germany, Japan International Cooperation Agency (JICA), US Exim Bank, European Investment Bank, French Agency for Development (AFD) France etc.

The government has taken immediate steps to promote rooftop solar system across the country. The Ministry of New and Renewable Energy is implementing ‘Grid Connected Rooftop and Small Solar Power Plants Programme’ for installation of roof top solar systems from 1 kWp to 500 kWp capacity in commercial, institutional and industrial buildings.

The programme has a provision of Central Financial Assistance of Rs. 24 per watt capacity of the system. This was stated by Piyush Goyal, (Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) in a written reply to a question in the Lok Sabha.

The Ministry has sought loan of one billion Euro (€) from German Bank, Kreditanstalt fur Wiederaufbau (KfW) to provide loans to the end users for installations of grid-interactive rooftop solar plants. The Ministry has sent proposal to Department of Economic Affairs for consideration. They have asked for in principle approval of Planning Commission and Internal Finance for which action has been initiated.