Minister of State for Renewable Energy Piyush Goyal told Lok Sabha that the government is promoting generation of renewable energy by providing various fiscal and financial incentives such as capital and interest subsidy, concessional excise and customs duties to encourage Indian and foreign investors to invest in new renewable energy sector.
"Ultra mega solar power projects have been planned in Rajasthan, Gujarat, Madhya Pradesh and Jammu and Kashmir. The capacity will depend upon availability of land. On an average 1 MW of solar photovoltaic power project generates about 1.6 million units of electricity per annum," he said during Question Hour.
Goyal said the government has provided Rs 400 crore for installation of one lakh solar water pumping systems for irrigation and drinking water purposes in 2014-15 budget.
The Minister said the government has plans to set up solar parks in Jammu and Kashmir and West Bengal and was waiting for the state governments' help to get lands.
"We are also considering to set up green energy corridor to transport solar power from one state to other," he said.
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