Ques. “India has great potential for solar rooftop projects which has not been exploited fully at present. Policy & regulatory interventions are required for India so as to lead the league of pioneer countries of the world in the field of renewable energy”, while considering the given statement describe the initiatives adopted by the government to promote renewable energy sector of the country. Highlights the challenges and measures required.
Why recently in news?
Union Minister of State (IC) for Coal, Power and New and Renewable Energy has launched IREDA’s loan scheme for Rooftop Solar PV Power Projects. The scheme will provide loans at the interest rate of 9.9 to 10.75 % to the system aggregators and the developers.