Govt’s policy soon for large-scale solar manufacturing

Posted · Add Comment

Solar_Project_-

Government is working on a policy to boost large-scale solar equipment production facilities that will be soon be sent for the Cabinet’s approval, New & Renewable Energy Minister Piyush Goyal has said“We are working on a policy to promote large-scale domestic manufacturing of solar equipment for making it more competitive,” Goyal said while addressing at SURYA KRANTI Summit organised by Bharat Solar-Power Development Forum here.The minister added: “We are trying to bring in a policy wherein we are thinking what support we can for large-scale production of equipment like silicon wafers. A policy in this regards is being considered which will be put up for Cabinet approval soon for quantum jump in domestic production of solar equipment.”The minister said an inter-ministerial committee headed by then Department of Industrial Policy and Promotion (DIPP) Secretary Amitabh Kant has submitted contours of the policy which is being evaluated.According to the draft proposal, the committee has proposed both fiscal and non-fiscal incentives to push mega solar power projects in the country.It may include a complete ecosystem for solar projects such as contours of power purchase agreement, grid connection, land to put solar panels and manufacturing of equipment.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *