Indian Union Minister of New and Renewable Energy Dr. Farooq Abdullah has urged the industry leaders to invest in solar energy projects in the country.

Speaking at the first meeting of the Solar Energy Industry Advisory Council (SEIAC) in New Delhi, Abdullah said that the government will fully support solar projects development in the country.

SEIAC Chairman Shri Anand G. Mahindra assured the support of the industry in achieving the goals of the Jawaharlal Nehru National Solar Mission (JNNSM).

"The council would deliberate and offer advice on technology matters, manufacturing, investments and fiscal policies that are critical for the growth of the solar industry in India," Mahindra stated.


Solar Energy Advisory Council to focus on REC pricing, RPOs

The meeting deliberated on a range of issues concerning the growth of solar energy industry in India. These included the role of Renewable Energy Certificates (REC) in making renewable power projects commercially viable, REC pricing, issues regarding Renewable Purchase Obligations (RPO), hybridization of projects, technology transfer, support and promotion of domestic manufacturing eco-systems and financing support for manufacturing and power generation projects.

SEIAC has been constituted by the Ministry of New and Renewable Energy. It will review the status of Indian solar industry from time to time and suggest measures required and a road map to accelerate the growth to achieve manufacturing level of about 4-5 gigawatt (GW) per year by 2017 - 2020.

2012-05-31 | Courtesy: India Press Information Bureau | solarserver.com © Heindl Server GmbH

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