The Indian government’s nod for large-scale solar projects marks a significant stride in enhancing solar PV module manufacturing capacity.
Driving Domestic Demand with Key Initiatives
Key initiatives, including the CPSU Scheme Phase-II for 12,000 MW Solar Photovoltaic Power Projects, drive demand for domestically manufactured solar PV modules.
Government Backing Through Viability Gap Funding
Government support extends to projects under CPSU Scheme Phase-II, with Viability Gap Funding (VGF) provided for self-use, government entities, or Distribution Companies (DISCOMS).
Advancements in Solar Parks and Energy Storage Systems
Progress in solar parks and the announcement of Viability Gap Funding (VGF) for Battery Energy Storage Systems (BESS) address energy storage challenges and promote sustainable development.
Source：punjabnewsexpress.com
