Govt looking to ease funding model for solar

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People close to the solar quarters in the country have suggested that in order to promote solar-based energy power in India, the government has to play a pivotal role in drafting effective and industry friendly policies, which will encourage all sorts of investment within the solar power set-up.

And looks like voices have been heard, as the Government looks to formulate a viable gap funding model for the second phase of the National Solar Mission, said Gireesh B. Pradhan, secretary, Ministry for New and Renewable Energy (MNRE).                  

If implemented, the model suggests that a developer will be asked to define the amount the company would require to meet the allotted tariff. The draft policy for the second phase of solar mission would be released in a week, Pradhan said.

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The solar market in India can touch the figure of 68 GW by 2022, which contradicts the projected target figure of 20 GW for Jawaharlal Nehru National Solar Mission, said Alan Rosling, chairman and founder, Kiran Energy.

Other than bringing up solar energy, the MNRE is also looking to unveil an incentivised package for wind energy. The Government is looking at increasing the generation-based incentive for wind energy producers, Pradhan informed.

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