India has
emerged as a global leader in renewable energy, particularly in solar power. India’s
aggressive push towards solar energy aligns with its dedication to sustainable
development and reducing carbon emissions. This development is widely
attributed to the robust initiatives and policies of the Government of India.
1. National Solar Mission (NSM)
Launched in 2010 under the National Action Plan on Climate
Change (NAPCC), the NSM, also known as the Jawaharlal Nehru National Solar
Mission, aimed to establish India as a global leader in solar energy. Key
objectives include:
- Achieving
100 GW of solar capacity by 2022.
- Promoting
research and development in solar technologies.
- Reducing
the cost of solar energy to make it competitive with conventional energy
sources.
2. Solar Parks and Ultra Mega Solar Power Projects
The government has allocated funds to develop large-scale
solar parks across the country. Highlights:
- Target:
40 GW of capacity from solar parks.
- States
like Rajasthan, Gujarat, and Andhra Pradesh are hosting mega solar
projects to maximize land efficiency and reduce per-unit solar energy
costs.
3. Rooftop Solar Scheme
To promote solar adoption at the residential and commercial
levels, the Ministry of New and Renewable Energy (MNRE) launched the Rooftop
Solar Scheme:
- Provides
subsidies of up to 40% for rooftop solar installations.
- Simplifies
processes for homeowners and businesses to install solar systems.
4. Kusum Scheme (PM-KUSUM)
The Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM)
is designed to benefit farmers:
- Installation
of solar-powered irrigation pumps.
- Promoting
decentralized solar power generation.
- Helping
farmers sell surplus power back to the grid, providing additional income.
5. Solar Manufacturing and PLI Schemes
To boost domestic manufacturing and reduce dependency on
imports, the government introduced:
·
Production-Linked Incentive (PLI) Scheme:
Financial incentives for manufacturing high-efficiency solar PV modules in
India.
·
Focus on creating an end-to-end solar
manufacturing ecosystem, from polysilicon to modules.
6. Green Energy Open Access Policy
This policy enables industries to procure solar energy
directly from developers through open access:
- Promotes
renewable energy usage in the industrial sector.
- Reduces
reliance on fossil fuels, aligning with India’s Net Zero by 2070
goals.
7. Net Metering Policies
To encourage individual solar installations, state
electricity boards have introduced net metering:
- Consumers
can export excess electricity generated by their solar systems to the
grid.
- Earn
credits on their electricity bills, ensuring faster ROI for solar
investments.
8. International Solar Alliance (ISA)
India plays a pivotal role in the International Solar
Alliance, a coalition of 124 countries:
- Aims to
promote solar energy adoption globally.
- Facilitates
research, innovation, and knowledge sharing in solar technologies.
9. Solar Subsidy Programs and Tax Benefits
·
Accelerated Depreciation: Industries can claim 40%
depreciation in the first year of solar system installation.
·
Goods and Services Tax (GST) reductions for
solar components.
10. Role of State Governments
Several states have introduced their own policies and
incentives, such as:
- Solar
energy policies promoting agricultural solar pumps.
- Exemptions
on electricity duty for solar power producers.
Leave A Comment