Union Cabinet Encourages Setting Up of Solar Power Plants on Waste Lands

Government of India has announced that it is encouraging use of waste land for installation of solar power plants. Setting up of solar parks is a step in that direction. This was stated by Mr. Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy. Under the scheme, 32 solar parks of 19,400 MW capacity have been sanctioned in 20 states so far.

The Minister further stated that a solar capacity of 20,000 MW has been targeted under the existing solar park scheme, which includes use of waste land also. Total target for gird connected solar power plants is 60,000 MW by 2022. Government is monitoring the scheme in close coordination with States and other stakeholders so as to complete the projects in time for which various fiscal and promotional incentives e.g. capital subsidy, generation based incentive, accelerated depreciation, viability gap funding (VGF), concessional excise and custom duties etc. are provided to project developers, the Minister added.