THE MINISTER OF STATE FOR POWER, COAL & NEW AND RENEWABLE ENERGY (INDEPENDENT CHARGE) (SHRI PIYUSH GOYAL)
(a): As on 31.3.2016, a capacity of 6763 MW solar power has been installed.
(b): At present the estimated potential of India is to generate about 750 GW solar energy, which is estimated to generate 1250 billion units annually at average capacity utilization factor(CUF) of 19%.
(c): Yes, Madam. The Government has revised the National Solar Mission target of Grid Connected Solar Power projects from 20,000 MW by 2022 to 1,00,000 MW by 2022. Upto 31.3.2016, a capacity of 6763 MW has been achieved through solar power plants and a cumulative target of 17,000 MW has been kept for 2016-17. Government is providing the following fiscal and promotional incentives for promoting solar industry:-
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• capital and/or interest subsidy,
• tax holiday on the earnings for 10 years,
• generation based incentive,
• accelerated depreciation,
• viability gap funding (VGF),
• financing solar rooftop systems as part of home loan,
• concessional excise and custom duties,
• preferential tariff for power generation from renewables, and
• Foreign direct investment up to 100 per cent under the automatic route.
In addition power is offered at lower tariff through schemes like bundling with thermal power and VGF. Keeping in view the solar capacity addition, an investment of about 40, 000 crore has been made by solar power developers. In addition, expenditure of Rs. 2400 Crore has been incurred by MNRE since launch of National Solar Mission for Grid connected Solar projects.
(d): International Solar Alliance (ISA), an alliance of 121 solar resource rich countries lying fully or partially between the tropic of Cancer and tropic of Capricorn was jointly launched by the Prime Minister of India and the President of France on 30 November 2015 at Paris, France on the side-lines of the 21st Conference of Parties to the United Nations Framework Convention on Climate Change.
ISA is envisioned as a specialized platform to contribute towards the common goal of increasing utilization and promotion of solar energy and solar applications in its member countries. The Paris declaration on ISA states that the countries share the collective ambition to undertake innovative and concerted efforts for reducing the cost of finance and cost of technology for immediate deployment of competitive solar generation, financial instruments to mobilise more than 1000 Billion US Dollars of investments needed by 2030 for the massive deployment of affordable solar energy and to pave the way for future solar generation, storage and good technologies for countries’ individual needs.
(e): There is no proposal to increase the percentage of subsidy under off-grid solar programme which is largely implemented through nodal agencies.
(f): Solar energy generation projects are set up based on power purchase agreements offered by Distribution Companies. For this they are not required to send proposals to Government of India unless they require support under Government of India schemes for various components. State-wise details of proposals sanctioned, received in accordance with different scheme guidelines from various State Government are given at Annexure.
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