What are the schemes launched by Government for Solar Power?

Solar power in India has gained lot of popularity after the introduction of solar schemes from Government. After the announcement of Budget Interim has brought so many positive impact. In this blog post, we will discuss some the key schemes and initiatives that have played a crucial role in India’s journey towards becoming a one of the global leader in renewable energy.

Importance of government schemes in promoting solar power

Government schemes play a crucial role in promoting solar power in India. These initiatives provide the necessary support and incentives for individuals and businesses to invest in solar energy projects. One such scheme is the Jawaharlal Nehru National Solar Mission, launched in 2010, which aims to achieve 100 GW of solar power capacity by 2022. This ambitious target has spurred significant growth in the solar sector, attracting both domestic and international investments. Additionally, the government offers subsidies and tax benefits to encourage the adoption of solar energy, making it a financially viable option for many. These schemes have been instrumental in driving the widespread adoption of solar power across the country and have paved the way for India to become a global leader in renewable energy.

The following are the schemes launched by government of India:

1. National Solar Scheme

2. Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM)

3. Solar Rooftop Scheme

4. Solar Park Scheme

1. National Solar Scheme

The National Solar Mission, launched in 2010, has played a crucial role in positioning India as a global leader in renewable energy. This ambitious initiative aims to promote the use of solar power and reduce the country’s dependence on fossil fuels. Under this mission, several schemes and policies have been implemented to incentivize the adoption of solar energy at various levels. One of the key components of the National Solar Mission is the Jawaharlal Nehru National Solar Mission (JNNSM), which focuses on grid-2. solar power projects. This scheme has been instrumental in driving the growth of solar power capacity in the country.

2. Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM)

PM-KUSUM is another important initiative under the National Solar Mission. This scheme aims to provide financial and technical support to farmers for the installation of solar power plants on their barren or cultivable lands. The main objectives of PM-KUSUM are to enhance the income of farmers, provide reliable power supply for irrigation, and reduce the dependence on traditional fossil fuels.

Under PM-KUSUM, farmers are encouraged to set up solar pumps for irrigation, solar power plants on barren lands, and solarization of existing grid-connected agricultural pumps. The scheme offers various incentives such as capital subsidy, interest subvention, and a guaranteed minimum support price for the surplus power generated. By promoting the use of solar energy in the agricultural sector, PM-KUSUM aims to not only increase farmers’ income but also contribute to the country’s renewable energy targets.

3. Solar Rooftop Scheme

The Solar Rooftop Scheme is a pioneering initiative aimed at promoting the widespread adoption of solar energy by harnessing rooftop spaces for power generation. Under this scheme, residential, commercial, and industrial consumers are encouraged to install solar panels on their rooftops to generate electricity for their own consumption. The primary objective is to reduce dependence on traditional grid-based electricity and promote a sustainable and eco-friendly alternative.

Central to the scheme is the provision of financial incentives, such as subsidies or Central Financial Assistance (CFA), to facilitate the installation of solar rooftop systems. These incentives are typically offered to residential consumers (Component-A), while DISCOMs (Distribution Companies) receive incentives for the initial grid-connected capacity (Component-B). The scheme fosters a decentralized approach to power generation, empowering consumers to contribute to the national goal of increasing renewable energy capacity. By leveraging solar energy at the individual level, the Solar Rooftop Scheme plays a crucial role in advancing India’s commitment to sustainable and clean energy practices.

4. Solar Park Scheme

The Solar Park Scheme, introduced by the Government of India, aims to accelerate the development of large-scale solar power projects across the country. Under this scheme, designated areas of land are set aside for the installation of solar power plants, which can generate electricity on a massive scale. The objective of the Solar Park Scheme is to attract private investments in the solar sector, create employment opportunities, and contribute to India’s renewable energy targets. These solar parks provide a conducive environment for developers to set up solar power projects, as they offer infrastructure facilities such as land, transmission lines, and connectivity to the grid. By streamlining the process of project development and providing a supportive ecosystem, the Solar Park Scheme aims to drive the growth of solar power generation in India.

Conclusion

The Indian government’s commitment to promoting solar power in the country is commendable. By implementing schemes such as the Solar Parks and Ultra Mega Solar Power Projects, the government aims to create a favorable environment for solar power development. These initiatives not only provide necessary infrastructure and land acquisition support but also offer attractive incentives and subsidies for developers and investors. This commitment is crucial in driving the growth of the solar power sector and achieving India’s ambitious renewable energy targets.