Business
Roof top Solar Power- 40000MW project
Grid connected rooftop solar power offers a major business
opportunity of up to Rs.400,000 crore, a senior government official said on Tuesday.
"Grid
connected rooftop solar power is the most important sector as far as
renewables are concerned. This 40,000 MW project requires an investment
of up to Rs. 4 lakh crore and is a big business opportunity for all,"
said Tarun Kapoor, joint secretary, ministry of new and renewable
energy (MNRE), addressing a conference here organised by The Energy and
Resources Institute (TERI).
"Twenty state regulators have issued
connections and 17 states have issued policies for net metering," he
added, regarding the system by which people who set up solar power
panels on their rooftops can sell electricity back to the grid.
The government has set a target of 100,000 MW from solar energy by 2020, 40,000 MW of which will come from rooftop solar power.
Talking
about the ministry withdrawing subsidy, he said, MNRE will "continue to
work on options that get the consumers cheap loans", while looking at
"multilateral and bilateral funding" that attracts money in the country
at a cheap rate".
Speaking earlier, acting director-general of
TERI Leena Srivastava said private sector investment in the sector will
come in only if they see "adequate returns".
"Taking a systemic
approach towards implementing this large and ambitious programme,
ensuring it is a win-win for all stakeholders is critically important,"
she said.