04.01.2016 Views

Harnessing Solar energy, Options for India

A study on harnessing solar energy options for India was conducted recently by Shakti Sustainable Energy Foundation, Climate works Foundation and SSN foundation. Supporting this study it has been concluded that solar energy can play a big role in providing electricity to rural areas and thus has been included in India’s rural electrification policy. See more at: http://shaktifoundation.in/report/harnessing-solar-energy-options-for-india/

A study on harnessing solar energy options for India was conducted recently by Shakti Sustainable Energy Foundation, Climate works Foundation and SSN foundation. Supporting this study it has been concluded that solar energy can play a big role in providing electricity to rural areas and thus has been included in India’s rural electrification policy. See more at: http://shaktifoundation.in/report/harnessing-solar-energy-options-for-india/

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Current framework<br />

MNRE<br />

IREDA/NABARD<br />

Capital Subsidy @30%<br />

Loan 70% @ 2%<br />

Full<br />

payment<br />

Project developer<br />

Banking System<br />

Down payment<br />

of 20%<br />

EMI<br />

Delivery<br />

50% of<br />

costs,<br />

@ 5%<br />

Consumers<br />

Suggested framework<br />

MNRE<br />

IREDA/NABARD<br />

Down payment of 30%<br />

Loan 70% cost @2%<br />

Full<br />

payment<br />

Banking System<br />

EMI<br />

70% of<br />

costs<br />

@ 5%<br />

Project developer<br />

Delivery<br />

Consumers<br />

Figure 8: Current and Suggested Support Framework <strong>for</strong> Off-grid <strong>Solar</strong> PV<br />

<strong>Solar</strong> Photovoltaic Applications CSTEP | Page 67

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