Rajasthan Drafts Solar Policy 2014
Rajasthan Renewable Energy Corporation Limited (RRECL), in its notification dated 08th August 2014, has presented the draft of its Solar Policy 2014. It will supersede the earlier Solar Policy of 2011. The new policy aims to develop the Rajasthan as global hub for solar power.
A comprehensive Analysis of the proposed solar policy 2014 is below:
The policy also lays emphasis on the development of Solar Parks of MW capacity scale, with the government ready to invest up to 26% equity in the Joint Venture projects with capacity of 1000MW or more. This presents a good opportunity for private investments in building large scale projects.
Rajasthan is an ideal state for development of solar power projects i.e. it receives highest solar radiation in the country, with barren lands aplenty. Overall the state has proposed a comprehensive policy in order to encourage the booming solar sector. Rajasthan has a total installed capacity of 666 MW of Solar Power as of Jan 2014. The state has a solar RPO of 1.50%, which is among the highest in India.
The solar energy generated for sale will not be covered under the scheduling procedure of Intra-state ABT. The commission had invited comments and suggestion by 16th Aug 2014, the result of which will reflect in the final policy document.
The draft policy can be accessed here.
Our previous blogpost on Rajasthan Solar Tariff for 2014-15, can be read here.
Contributed by Dheeraj Babariya.