The Minister also told that a capacity addition target of 4000 MW and 12000 MW has been proposed for generation of electricity by wind and solar respectively during 2016-17 and a total of 315 MW have been installed under Solar Roof top Scheme. Power generated from these projects is being used for both domestic and captive use.
Shri Piyush Goyal stated tenders for 20766 MW Solar Power projects have been issued. He also said that the wind power projects are mainly developed by private sector under various modes including PPA, REC, captive use, third party sale etc. No Union Government project is under construction in wind energy sector.
Shri Goyal also mentioned that Ministry is implementing several schemes to promote generation of solar and wind energy. These are Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects, scheme for Development of Solar PV Power Plants on Canal Banks/ Canal Tops, scheme for setting up 300 MW of Grid connected Solar PV Power Projects by Defence Establishments under Ministry of Defense and Para Military Forces with Viability Gap Funding (VGF) under Batch-IV of Phase-II/III of JNNSM. (Jawharlal Nehru National Solar Mission), scheme of setting up 1000 MW of Grid- Connected Solar PV Power Projects by CPSUs with VGF under Batch-V of Phase-II of JNNSM, scheme for Setting up of 15000 MW of Grid connected Solar PV Power Projects under Batch II of Phase II of National Solar Mission (by NTPC/NVVN), (Setting up of 2000 MW Grid connected solar power with VGF through Solar Energy Corporation of India (SECI), generation based incentive scheme for promotion of wind power.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
