MNRE Issues Incentive Guidelines for DISCOMs Under PM Surya

23 Jul 2024 CW Team

The Ministry of New and Renewable Energy (MNRE) has issued new guidelines to provide incentives to distribution companies (DISCOMs) under the PM-KUSUM Surya scheme. This initiative aims to boost rooftop solar installations and enhance renewable energy adoption across India.

Under the guidelines, DISCOMs will receive financial incentives for achieving specific targets in solar rooftop installations. These incentives are structured to encourage DISCOMs to actively promote and facilitate the installation of solar panels on residential, commercial, and industrial buildings.

The PM-KUSUM Surya scheme is part of India's broader strategy to increase its renewable energy capacity to 500 GW by 2030. The scheme focuses on decentralized solar energy solutions, providing clean and sustainable power directly to consumers. It also aims to reduce the burden on the grid and promote energy independence at the local level.

DISCOMs that meet or exceed their targets will receive performance-based incentives, which can be utilised to improve their infrastructure and services. This move is expected to accelerate the adoption of rooftop solar systems, thereby contributing to the nation?s renewable energy goals.

The guidelines also emphasise streamlining the approval process for rooftop solar installations, making it easier and faster for consumers to adopt solar energy. By reducing bureaucratic hurdles, MNRE aims to increase the participation of various stakeholders, including homeowners, businesses, and industries.

MNRE's incentive program under the PM-KUSUM Surya scheme underscores the government?s commitment to fostering a sustainable energy future. It aligns with national objectives to reduce carbon emissions, promote clean energy, and support economic growth through renewable energy initiatives.

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