On Thursday, Sunkalp Energy attended a meeting organized by the Ministry of New and Renewable Energy (MNRE) for Channel Partners and New Entrepreneurs. The focus of the meeting was on grid connected roof-top solar power plants. As reinforced during RE-INVEST 2015, the Government of India has set a target of 100 GW for roof-top solar in India of which 40 GW or 40,000 MW is for grid connected roof-top solar, making the segment critical for India’s energy security and developmental goals.
Chaired by Dr AK Tripathi and Jt. Secretary Mr. Tarun Kapoor, the session was an interactive, brain-storming round during which MNRE was seeking inputs on how it can assist the industry to reach the 40 GW grid connected roof-top solar target. There was also attendance by Sectretary Shri Upendra Tripathy adding weight to the occasion.
Several topics were discussed including:
- Continuation of channel partnership schemes
- Discontinuation of capital subsidy, which was lauded by industry representatives due to the mismatch in fund disbursement and advertised subsidy
- Potential introduction of an ‘ISI’ mark for roof-top solar installations
- Activation of public and private banks to extend loans for roof-top solar
- Partnership between government and the industry for marketing of roof-top solar to open up the market
- Suggestions were made by the industry to replace accelerated depreciation with an income tax credit mechanism though this may still take a long time to be implemented
All in all, it was heartening to see the MNRE extend it’s support to the industry and display seriousness towards meeting the 40 GW grid connected roof-top solar target. Sunkalp Energy lauds this new sense of Public-Private partnership as we look forward to playing our part in this dream.
To be a part of India’s solar energy industry and growth story, inquire about becoming a solar advisor!