MNRE takes us by surprise 30% subsidy back in solar Power Plant
There has been an unexpected shift in the thinking of the MNRE (Ministry of New and Renewable Energy) about subsidies. In the past few (recent) meetings, MNRE hosted for its channel partners it was apparent that the subsidy would be withdrawn completely for all customer segments in the Grid-connected Rooftop Solar segment. It was obvious by looking at their moves as well. Move 1: Subsidy for all: Commercial & Industrial, Residential, Institutional, Government and Social sector Quantum: 30% Move 2: Subsidy removed for Commercial & Industrial segment Move 3: Reduction of subsidy for the Residential segment, Institutional, Government and Social sector Quantum: 15% ( refer ) But then, no matter how much customers hoped for it, the following move was not foreseen. Surprising Move 4 (Nov 19 th , 2015): 30% subsidy for Residential, Institutional, Government and Social sector. A whopping 70% subsidy for the states: Sikkim, Uttarakhand, Himachal Pr...