Will New MNRE Incentives for DISCOMs Spur Solar Rooftop Growth in India?
January 16, 2017
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
The Ministry of New and Renewable Energy (MNRE) has announced financial assistance in the form of grants to distribution companies (DISCOMs) of up to Rs.3.75 million (~$55,000)/MW for rooftop solar installations. Through this program, the MNRE immediately wants to:
- expand rooftop solar projects by supporting capacity of 1,350 MW, and
- support DISCOMs to assess upgrade and modernization requirements of their distribution network, facilitate demand aggregation, develop consumer awareness, develop enabling forms/processes, meter/equipment procurement, and capacity development.