The Gujarat government has announced the state’s new solar power policy which will be valid for the next five years.
The policy offers multiple incentives to reduce the share of coal-based power and move towards green energy. Among other highlights, it has done away with the ceiling on installed capacity and has allowed consumers to lease their premises or roofs to third parties for setting up plants to generate and consume power in the same premises. As per the new policy, the state government of Gujarat would purchase surplus energy from residential and micro, small and medium enterprises consumers after setting off against their consumption. Surplus power will be allowed to be sold at a tariff of Rs 2.25 per unit.