MNRE Introduces Rs 5 Billion Initiative to Support Rooftop Solar Innovation
POWER & RENEWABLE ENERGY

MNRE Introduces Rs 5 Billion Initiative to Support Rooftop Solar Innovation

The Ministry of New and Renewable Energy (MNRE) introduced a Rs 5 billion Innovative Projects Component as part of the PM Surya Ghar: Muft Bijli Yojana, aiming to showcase and demonstrate advanced solar technologies and applications.

Background and Scope

The PM Surya Ghar: Muft Bijli Yojana, which received approval on February 29, 2024, is designed to enhance the share of rooftop solar capacity and empower households to generate their own electricity. With a total budget of Rs 750.21 billion, the program is scheduled for implementation until the fiscal year 2026-27. The Innovative Projects Component focuses on identifying, funding, and supporting innovations in both business models and technical deployments of rooftop solar systems.

The Innovative Projects Component has several objectives:

1.Fostering Innovation: The initiative seeks to identify and finance groundbreaking innovations in business models and technical deployments of rooftop solar systems.

2. Supporting Startups and Institutions: By offering a platform for collaborative pilots, proofs-of-concept, and scaling up new business models, the component aims to foster the growth of startups and institutions within the solar energy sector.

3. Creating New Pathways: The project intends to develop new avenues for deploying distributed renewable energy, benefiting both households and businesses.

4. Empowering DISCOMs: A major focus is on creating technological and management tools that enable distribution companies (DISCOMs) to better manage distributed energy resources within their grids.

The component also supports the integration of cutting-edge technology into real-world rooftop solar and distributed renewable energy deployments.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The Ministry of New and Renewable Energy (MNRE) introduced a Rs 5 billion Innovative Projects Component as part of the PM Surya Ghar: Muft Bijli Yojana, aiming to showcase and demonstrate advanced solar technologies and applications. Background and Scope The PM Surya Ghar: Muft Bijli Yojana, which received approval on February 29, 2024, is designed to enhance the share of rooftop solar capacity and empower households to generate their own electricity. With a total budget of Rs 750.21 billion, the program is scheduled for implementation until the fiscal year 2026-27. The Innovative Projects Component focuses on identifying, funding, and supporting innovations in both business models and technical deployments of rooftop solar systems. The Innovative Projects Component has several objectives: 1.Fostering Innovation: The initiative seeks to identify and finance groundbreaking innovations in business models and technical deployments of rooftop solar systems. 2. Supporting Startups and Institutions: By offering a platform for collaborative pilots, proofs-of-concept, and scaling up new business models, the component aims to foster the growth of startups and institutions within the solar energy sector. 3. Creating New Pathways: The project intends to develop new avenues for deploying distributed renewable energy, benefiting both households and businesses. 4. Empowering DISCOMs: A major focus is on creating technological and management tools that enable distribution companies (DISCOMs) to better manage distributed energy resources within their grids. The component also supports the integration of cutting-edge technology into real-world rooftop solar and distributed renewable energy deployments.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000