Global Trade Alert
Global Trade Alert

India: Financial assistance for development of solar power projects

Announcement

12 Dec 2014

The Indian Ministry of New and Renewable Energy (MNRE) has announced a scheme for development of solar parks of at least 500 MW capacity under the "Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects". The Scheme announced until 2018-19, and later extended until 2019-20, targets developing solar projects totalling a capacity of 40,000 MW with a financial support from the Central government totalling INR 8,100 crore (~USD 1,240 million).

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Dec 2014

Revocation date:

31 Mar 2019

Announced: 12 Dec 2014
Financial grant
The "Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects" targets to set up at least 25 solar parks of a capacity of 500 MW and above each totalling to a target of 20,000 MW. The...
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