Jharkhand’s New Solar Policy Aims to Generate 4000 MW in the Next 5 years

Jharkhand government has set a target of generating 4000 MW of solar energy in the next five years. The new ‘Jharkhand solar policy 2022’, unveiled on 5th July, aims to boost growth, create opportunities and contribute to sustainability.

Up to 80% subsidy on installations – 60% on 3kW power plants and 80% on 3kW to 10kW plants, would be provided to encourage rooftop solar projects. People with annual incomes below three lakhs can avail of the incentive.

A subsidy of 60% would also be given for livelihood projects to promote the usage of solar-powered appliances such as solar dryers for farm produce, solar-powered cold storage, solar desalination, solar charkha, etc.

Solar plants are to be installed on government and private lands and water bodies. A specific target of 400 MW has been set up for the canal tops in the state. Moreover, the policy envisions the creation of 1000 model solar villages in the coming years.

In order to aid private organizations, the plan to create land banks has been proposed, according to Bijay Kumar Sinha, the project director of Jharkhand Renewable Energy Development Agency (JREDA).

“The new policy is progressive and investor-friendly. Land rules have been simplified and several other projects such as solar floating projects and canal top solar projects have been introduced to the new policy,” Sinha says.

Additionally, the policy has suggested the formation of a dedicated Solar Policy Cell under the JREDA. This single window facility promises to provide all clearances and approvals to project developers within 60 days.

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Resource: The Economic Times

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