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Home News Power Sector News National Solar Mission will be announced soon

National Solar Mission will be announced soon

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Solar PowerThe Government of India will soon come out with the' National Solar Mission - a policy envisaging tariff structures and tax breaks for the solar energy sector. "The Government is currently in the process of finalising the National Solar Mission and would announce it soon,"PM's special envoy Shyam Saran said at a seminar.

The National Solar Mission is aimed at setting up research-industry partnerships, providing tariff structures and tax breaks for promoting competitiveness in the solar energy sector.

A part of the national climate change policy, the solar mission targets 10,000 MW installed capacity by 2020. The mission would focus on reducing the high costs of photovoltaic cells, which have to be replaced regularly and make it prohibitive for individuals and corporates to consider solar power.

The agenda to promote solar power includes framing banking policy for priority sector lending for households who adopt such options. Targets could also be set for new concerns drawing more than 500 KW to ensure a certain percentage is set aside for solar generation and may be mandated in select public utilities and private services through legislation.

The mission requires researchers for developing new materials and processes.

Source - Indopia

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