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New Delhi solar policy sparks incentive row

The solar power policy unveiled by the Delhi government could be a major boost for residents who have homes with rooftops to invest in renewable energy.

Besides net metering—it is a billing mechanism that credits solar energy system owners for the electricity they add to the grid—the new norms will help them earn generation-based incentive. 

The policy, which was announced by the government sets a generation target of 1,000MW in five years in order to make Delhi an environment-friendly city.

Renewable energy experts seem divided over the initiative. The generation-based incentive (GBI) of Rs 2 per unit for the first three years comes with a few riders. Government officials said it was a "limited amount". "A sum of Rs 10 crore for the first year, Rs 20 crore for the second and Rs 30 crore for the third year has been earmarked for GBI. 

 

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Monday, 19 August 2019 13:02