15th October, 2018
National

SRISTI-to Change Face of Solar Power In India

To incentivize the installation of solar power on roof tops in the country, the Ministry of New and Renewable Energy has proposed a new scheme called SRISTI. ‘SRISTI’ — Sustainable Rooftop Implementation for Solar Transfiguration of India — will serve as the revised scheme of MNRE (Motilal Nehru Renewable Energy Mission) for solar rooftop in Phase-II.

The scheme will integrate the distribution companies as implementing agencies in Phase-II of rooftop solar scheme.

The scheme aims to achieve a national target to install solar rooftop of 40 GW till 2021-2022.

It would provide a Central Financial Assistance for installation of roof top solar plants in the residential sectors. The residences may install a solar-facility capacity depending on their requirements and keeping in mind their State Electricity Regulatory Commission’s regulations.

Incentives

However, the scheme has capped the subsidy support to a limit of up to 5 kWp capacity of plant.The incentive towards subsidy in the residential sector is capped at ₹18,000 per kW that translates to ₹60,000 per kW.

The incentive to discoms for is capped at ₹5,500 per kW calculated at benchmark cost of ₹55,000 per kW.The total incentive for the residential sector is fixed at ₹9,000 crore for installation of 5000 MW. The incentive to discoms is limited to ₹14,450 crore for 35,000 MW of roof top solar installations.

The total outlay for the installations is valued at ₹23,450 crore for 40,000 MW capacity of roof top solar facility.

Sector wise targets

As per the sector wise targets, the Commercial and industrial sector will set up 20,000 MW with the government, Residential, Social and the Institutional sector keeping a target of up to 5,000 MW each.