National Solar Mission (NSM) was launched in January 2010 by Government of India with a target of 20,000 MW of solar power. The capacity addition through grid connected solar power has now been scaled up to 1,00,000 MW. The commissioned capacity of grid connected solar power plants in India as on 14th March, 2016 is 5,834 MW. Several States have taken initiatives following the Central Government and framed Solar Policies, to support setting up solar power projects, which had an impact of lowering levelized solar tariff. Amongst others, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, UP, Punjab and Uttarakhand have come out with tenders for procurement of solar power recently.
- Scaling up of sizes of projects thereby leading to economies of scale.
- Facilitating speedier implementation of the solar power projects through adoption of mechanism of solar parks to meet the Phase-II target of NSM, wherever feasible, subject to meeting the timelines set by the Government of India.
- To supplement Grid power and spread out solar power projects throughout the country thereby reducing transmission cost and losses.
- Provide long-term visibility and road map for solar power development enabling creation of India as manufacturing hub in the Solar PV.
- Empowered Committee of MNRE
- Payment Security Mechanism
- Solar Park Scheme
- Power Purchase Agreement
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