Solar power capacity target raised 5 fold to 100 GW

 The Union Cabinet, chaired by the Prime Minister Narendra Modi, gave its approval for stepping up of India’s solar power capacity target under the Jawaharlal Nehru National Solar Mission (JNNSM) by five times, reaching 1,00,000 MW by 2022.
The target will principally comprise of 40 GW Rooftop and 60 GW through large and medium scale grid connected solar power projects. With this ambitious target, India will become one of the largest Green Energy producers in the world, surpassing several developed countries.
The target will require an investment of around Rs 6,00,000 crore. In the first phase, the government will provide Rs 15,050 crore as capital subsidy which would be utilised to develop rooftop solar projects, viability gap funding (VGF) based projects, and decentralised generation through small solar projects. The Ministry of New and Renewable Energy (MNRE) intends to achieve the target of 1,00,000 MW with targets under the three schemes of 19,200 MW.
In addition, solar power projects with investment of about Rs 90,000 crore would be developed using bundling mechanism with thermal power. “Further investment will come from large Public Sector Undertakings (PSUs) and Independent Power Producers (IPPs). State governments have also come out with State specific solar policies to promote solar capacity addition,” an official statement said.
“The government may also approach bilateral and international donors as also the Green Climate Fund for achieving this target,” the statement adds.
Solar power can contribute to the long-term energy security of India, and reduce dependence on fossil fuels that put a strain on foreign reserves and the ecology as well. The solar manufacturing sector will get a boost with this long-term trajectory of solar capacity addition. This will help in creation of technology hubs for manufacturing. The increased manufacturing capacity and installation are expected to pave way for direct and indirect employment opportunities in both the skilled and unskilled sector.
“The new solar target of 100 GW is expected to abate over 170 million tonnes of CO2 over its life cycle. This Solar Scale-up Plan has a target of 40 GW through decentralised solar power generation in the form of grid connected rooftop projects. While decentralised generation will stabilise the grid, it will minimise investment on power evacuation,” the statement said.

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Solar power capacity target raised 5 fold to 100 GW

 The Union Cabinet, chaired by the Prime Minister Narendra Modi, gave its approval for stepping up of India’s solar power capacity target under the Jawaharlal Nehru National Solar Mission (JNNSM) by five times, reaching 1,00,000 MW by 2022.
The target will principally comprise of 40 GW Rooftop and 60 GW through large and medium scale grid connected solar power projects. With this ambitious target, India will become one of the largest Green Energy producers in the world, surpassing several developed countries.
The target will require an investment of around Rs 6,00,000 crore. In the first phase, the government will provide Rs 15,050 crore as capital subsidy which would be utilised to develop rooftop solar projects, viability gap funding (VGF) based projects, and decentralised generation through small solar projects. The Ministry of New and Renewable Energy (MNRE) intends to achieve the target of 1,00,000 MW with targets under the three schemes of 19,200 MW.
In addition, solar power projects with investment of about Rs 90,000 crore would be developed using bundling mechanism with thermal power. “Further investment will come from large Public Sector Undertakings (PSUs) and Independent Power Producers (IPPs). State governments have also come out with State specific solar policies to promote solar capacity addition,” an official statement said.
“The government may also approach bilateral and international donors as also the Green Climate Fund for achieving this target,” the statement adds.
Solar power can contribute to the long-term energy security of India, and reduce dependence on fossil fuels that put a strain on foreign reserves and the ecology as well. The solar manufacturing sector will get a boost with this long-term trajectory of solar capacity addition. This will help in creation of technology hubs for manufacturing. The increased manufacturing capacity and installation are expected to pave way for direct and indirect employment opportunities in both the skilled and unskilled sector.
“The new solar target of 100 GW is expected to abate over 170 million tonnes of CO2 over its life cycle. This Solar Scale-up Plan has a target of 40 GW through decentralised solar power generation in the form of grid connected rooftop projects. While decentralised generation will stabilise the grid, it will minimise investment on power evacuation,” the statement said.

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Solar power capacity target raised 5 fold to 100 GW

 The Union Cabinet, chaired by the Prime Minister Narendra Modi, on Wednesday gave its approval for stepping up of India’s solar power capacity target under the Jawaharlal Nehru National Solar Mission (JNNSM) by five times, reaching 1,00,000 MW by 2022.
The target will principally comprise of 40 GW Rooftop and 60 GW through large and medium scale grid connected solar power projects. With this ambitious target, India will become one of the largest Green Energy producers in the world, surpassing several developed countries.
The target will require an investment of around Rs. 6,00,000 crore. In the first phase, the government will provide Rs. 15,050 crore as capital subsidy which would be utilised to develop rooftop solar projects, viability gap funding (VGF) based projects, and decentralised generation through small solar projects. The Ministry of New and Renewable Energy (MNRE) intends to achieve the target of 1,00,000 MW with targets under the three schemes of 19,200 MW.
In addition, solar power projects with investment of about Rs. 90,000 crore would be developed using bundling mechanism with thermal power. “Further investment will come from large Public Sector Undertakings (PSUs) and Independent Power Producers (IPPs). State governments have also come out with State specific solar policies to promote solar capacity addition,” an official statement said.
“The government may also approach bilateral and international donors as also the Green Climate Fund for achieving this target,” the statement adds.
Solar power can contribute to the long-term energy security of India, and reduce dependence on fossil fuels that put a strain on foreign reserves and the ecology as well. The solar manufacturing sector will get a boost with this long-term trajectory of solar capacity addition. This will help in creation of technology hubs for manufacturing. The increased manufacturing capacity and installation are expected to pave way for direct and indirect employment opportunities in both the skilled and unskilled sector.
“The new solar target of 100 GW is expected to abate over 170 million tonnes of CO2 over its life cycle. This Solar Scale-up Plan has a target of 40 GW through decentralised solar power generation in the form of grid connected rooftop projects. While decentralised generation will stabilise the grid, it will minimise investment on power evacuation,” the statement said.

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Solar power capacity target raised 5 fold to 100 GW

 The Union Cabinet, chaired by the Prime Minister Narendra Modi, on Wednesday gave its approval for stepping up of India’s solar power capacity target under the Jawaharlal Nehru National Solar Mission (JNNSM) by five times, reaching 1,00,000 MW by 2022.
The target will principally comprise of 40 GW Rooftop and 60 GW through large and medium scale grid connected solar power projects. With this ambitious target, India will become one of the largest Green Energy producers in the world, surpassing several developed countries.
The target will require an investment of around Rs. 6,00,000 crore. In the first phase, the government will provide Rs. 15,050 crore as capital subsidy which would be utilised to develop rooftop solar projects, viability gap funding (VGF) based projects, and decentralised generation through small solar projects. The Ministry of New and Renewable Energy (MNRE) intends to achieve the target of 1,00,000 MW with targets under the three schemes of 19,200 MW.
In addition, solar power projects with investment of about Rs. 90,000 crore would be developed using bundling mechanism with thermal power. “Further investment will come from large Public Sector Undertakings (PSUs) and Independent Power Producers (IPPs). State governments have also come out with State specific solar policies to promote solar capacity addition,” an official statement said.
“The government may also approach bilateral and international donors as also the Green Climate Fund for achieving this target,” the statement adds.
Solar power can contribute to the long-term energy security of India, and reduce dependence on fossil fuels that put a strain on foreign reserves and the ecology as well. The solar manufacturing sector will get a boost with this long-term trajectory of solar capacity addition. This will help in creation of technology hubs for manufacturing. The increased manufacturing capacity and installation are expected to pave way for direct and indirect employment opportunities in both the skilled and unskilled sector.
“The new solar target of 100 GW is expected to abate over 170 million tonnes of CO2 over its life cycle. This Solar Scale-up Plan has a target of 40 GW through decentralised solar power generation in the form of grid connected rooftop projects. While decentralised generation will stabilise the grid, it will minimise investment on power evacuation,” the statement said.

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Solar power capacity target raised 5 fold to 100 GW

 The Union Cabinet, chaired by the Prime Minister Narendra Modi, on Wednesday gave its approval for stepping up of India’s solar power capacity target under the Jawaharlal Nehru National Solar Mission (JNNSM) by five times, reaching 1,00,000 MW by 2022.
The target will principally comprise of 40 GW Rooftop and 60 GW through large and medium scale grid connected solar power projects. With this ambitious target, India will become one of the largest Green Energy producers in the world, surpassing several developed countries.
The target will require an investment of around Rs. 6,00,000 crore. In the first phase, the government will provide Rs. 15,050 crore as capital subsidy which would be utilised to develop rooftop solar projects, viability gap funding (VGF) based projects, and decentralised generation through small solar projects. The Ministry of New and Renewable Energy (MNRE) intends to achieve the target of 1,00,000 MW with targets under the three schemes of 19,200 MW.
In addition, solar power projects with investment of about Rs. 90,000 crore would be developed using bundling mechanism with thermal power. “Further investment will come from large Public Sector Undertakings (PSUs) and Independent Power Producers (IPPs). State governments have also come out with State specific solar policies to promote solar capacity addition,” an official statement said.
“The government may also approach bilateral and international donors as also the Green Climate Fund for achieving this target,” the statement adds.
Solar power can contribute to the long-term energy security of India, and reduce dependence on fossil fuels that put a strain on foreign reserves and the ecology as well. The solar manufacturing sector will get a boost with this long-term trajectory of solar capacity addition. This will help in creation of technology hubs for manufacturing. The increased manufacturing capacity and installation are expected to pave way for direct and indirect employment opportunities in both the skilled and unskilled sector.
“The new solar target of 100 GW is expected to abate over 170 million tonnes of CO2 over its life cycle. This Solar Scale-up Plan has a target of 40 GW through decentralised solar power generation in the form of grid connected rooftop projects. While decentralised generation will stabilise the grid, it will minimise investment on power evacuation,” the statement said.

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