Union Ministry Extends Scheme for Solar Parks, Mega Projects until FY26

23 Jun 2023 CW Team

The scheme for 'Development of Solar Parks and Ultra Mega Solar Park Projects' has been extended by the union ministry of new and renewable energy until FY26. According to a notification from the ministry, this extension will not result in any additional financial implications. The original schedule had set the scheme to end in March 2024.

Introduced in December 2014, the scheme aims to assist states and union territories in establishing solar parks across the country, providing the necessary infrastructure for solar power projects. A solar park is a large area of land developed with shared infrastructure facilities such as transmission infrastructure, roads, water, drainage, and communication networks, along with all the required statutory clearances.

Under this scheme, the ministry offers central financial assistance (CFA) of up to Rs 25 lakh per solar park for the preparation of a detailed project report (DPR). Additionally, CFA of up to Rs 20 lakh per MW or 30 per cent of the project cost, including grid-connectivity expenses, whichever is lower, is provided upon achieving the milestones outlined in the scheme.

The decision to extend the scheme comes in light of the slow progress observed in the development of solar parks. In a response to a question in the Lok Sabha in March, RK Singh, the union minister for new and renewable energy (MNRE), revealed that out of the 57 solar parks with a total capacity of 39.28 GW, only nine were fully completed, and another eight were partially completed as of February 2023.

Singh attributed the delay in establishing solar parks to various factors, including challenges related to acquiring suitable land, discrepancies in timelines between solar projects and power evacuation infrastructure, environmental concerns such as the Great Indian Bustard (GIB) issue, and regulatory obstacles like the non-approval of solar tariffs by State Electricity Regulatory Commissions (SERCs).

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..