In A Move By Government, Solar Park Capacity Is Being Doubled
Post on 08,September 2017   5:00 AM
By - PolyEyes Staff
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Cabinet has approved the doubling of solar park capacity to 40,000 MW. State will identify the solar park developer and also the land on which it would be built. This step is taken in accordance with India’s greenhouse emissions commitment at the global stage as part of INDCs (Intended Nationally Determined Contributions (INDCs).

What is IND: Countries across the globe adopted a climate agreement at the U.N. Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP21) in Paris in December 2015,under which, countries publicly outlined what post-2020 climate actions they intended to take under the new international agreement, known as their Intended Nationally Determined Contributions (INDCs).The climate actions communicated in these INDCs largely determine whether the world achieves the long-term goals of the Paris Agreement: to hold the increase in global average temperature to well below 2°C, to pursue efforts to limit the increase to 1.5°C, and to achieve net zero emissions in the second half of this century.

Presently we have 34 solar parks that have been commissioned equivalent producing around 20000 MW. This move further shall increase the number of solar parks.

All the States and UTs are eligible for this scheme and it will be supervised by solar energy corporation India (SECI) under Ministry of New and Renewable Energy.

Solar Energy Corporation of India (SECI): It is a not commercially motivated company under Ministry of New and Renewable Energy, currently involved in implementing agency of many solar programs of government of India.

Concluding Remark: This move would help set up at least 50 solar parks of about 500MW watch by 2019-2020 which would help promote transition towards a better energy security. It would not only boast India’s ecologically sustainable growth by reduction in carbon emissions and carbon footprint but also generate large direct & indirect employment opportunities in solar and allied industries like glass, metals, heavy industrial equipment etc. Besides these solar parks will also provide productive use of abundant uncultivable lands which will yield to facilitate the development of the surrounding areas.

The contribution by the center would give a grant of up to 25 lakh apart from a central funding assistance of 20 lakh per megawatt or 30% of the project cost, either of these whichever is lower in value. This would also improve credit flow for green projects.


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