The Government has already revised the National Solar Mission target of Grid Connected Solar Power projects from 20,000 MW to 100,000 MW by 2022. This was stated by Sh. Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Lok Sabha.
The Ministry has chalked out year wise target to achieve 100000 MW by 2022 which is as under :
|Year||Rooftop||Ground Mounted Solar Power Projects||Total (in MW)|
*3,743 MW commissioned upto 31.03.2015
The Minister further stated that Tariff Policy has been amended by the Government to require State Electricity Regulators to fix a percentage of energy purchase from solar power under the RPOs. As per amendment, the solar RPO has to begin with 0.25% of the energy procured in the State reaching to 3% by 2022.
The Minister also stated that in order to achieve the proposed capacity of 100 GW target by 2022, the investment required would be around Rs. 6,00,000 crores (@ Rs.6 crores per MW at present rate) out of which about Rs 420,000 Crores is proposed to be debt sourced from both domestic and international financial institutions including multilateral and bilateral organisations.
As on 30th June 2015, the cumulative installed grid-interactive solar power generation capacity in the country is 4061.64 MW. The States/UTs have to set up solar power projects or procure solar power to fulfil the Renewable purchase obligation declared by the respective Regulatory Commission.
The Government has approved a plan to set up 2000 MW grid connected solar power capacity under phase II of JNNSM. One MW of Solar PV project generates 1.66 million units of electricity. The power thus generated will be fed to the grid which can be drawn by any consumer including households.
The Minister further stated that the Government has launched a scheme for setting up 25 solar parks in the country wherein land, evacuation arrangement and common infrastructure will be made available for setting up solar power projects.