Cabinet approves Phase II of rooftop solar programme

Cabinet approves Phase II of rooftop solar programme

1. The Cabinet Committee on Economic Affairs has approved Phase-II of the Grid Connected Rooftop Solar Programme (GCRSP). Under the phase II Programme Central Financial Assistance (CFA) for the residential sector has been restructured. Further, focus will be on increased involvement of DISCOMs and performance based incentives will be provided to them.
2. The Grid Connected Rooftop Solar Programme aims to achieve a cumulative capacity of 40,000 MW/40GW from rooftop solar projects by 2022. The program encourages installation of rooftop solar photovoltaic power generation plant for self-consumption as well as supply/sale of electricity to the grid.
3. The Indian government has set a growth target of installation of 175 GW aggregate capacity of renewable energy by 2022.Out of total 175 GW, target of 100 GW has been set for Solar Power.