Solar Power Projects: Boosting Solar Power Generation In India

With the success of its flagship solar scheme, the Central Government is keen on promoting generation of solar power to augment the country's generation capacity. The Government's step in this direction has been bolstered by (i) the decreasing capital expenditure required in setting up solar power projects and achieving reduction in cost of the solar equipment; and (ii) increase in economic viability on account of falling solar tariffs which reduces gap in the per unit price of solar generated power in context of power generated from conventional energy. In its recent annual budget, the Government has revised the targeted solar capacity from 20GW to 100 GW to be achieved by the year 2021-22. While the target has been termed as unrealistic by people from various quarters, the Central Government has already embarked on its ambitions to achieve target with release of various schemes in recent months. As per the new schemes, the target capacity will be achieved through