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MNRE enhances limit of solar subsidy from 400kW to 10 MW

News posted on: 2016-05-12 00:05:14 , By Raj Kumar
 
To push for solar rooftop power plants (SPV) in Chandigarh, the Ministry of New and Renewable Energy (MNRE) has increased the subsidy of 30 per cent for installing solar photovoltaic (SPV) power plants on residential and other private buildings from 400 kilowatt (kW) to 10 mega watt (MW). With this step, the administration aims to generate 100 MW by 2022 and at present is struggling to attract city residents towards solar power. Santosh Kumar, CEO of Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST) said that the decision of the government will enable more people to avail the subsidy. “The ministry has increased the limit of subsidies and it will help us in achieving our target of generating 100 MW by 2020,” said Kumar. - See more at: http://indianexpress.com/article/cities/chandigarh/mnre-enhances-limit-of-solar-subsidy-from-400kw-to-10-mw-2794565/#sthash.NjbpifWB.dpuf
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