MNRE Announces $3.7B in Financial Assistance to DISCOMs to Boost Rooftop Solar in India
MNRE proposal would make the distribution companies (DISCOMs) responsible for deploying rooftop solar and provide them with financial assistance based on performance
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The Ministry of New and Renewable Energy (MNRE) has released a new proposal to overhaul the existing rooftop solar implementation mechanism by making it the responsibility of distribution companies (DISCOMs). Under the proposal, DISCOMs would be eligible to receive financial assistance to the tune of ₹234.5 billion (~$3.66 billion) based on their performance in facilitating rooftop solar deployment.