Goa's Chief Minister, Mr Manohar Parrikar has announced that the Goa Cabinet, after long rounds of discussion has finally approved the new Solar Policy for the state. The new solar policy for Goa will come into full effect around the end of the current financial year. The next two to three months will be utilized for a proper documentation of the policy, which will have three categories, including a 100 KW prosumers.
According to the new policy, a landowner or anyone who can take a NOC from a landowner to set up a solar plant will not be required to take any sort of permission from Civic Authorities for a land conversion, therefore expediting the process of setting up the plant. Solar farms will be permitted to be set up on Comunidade land, as long as a permission can be obtained from the villagers. The prosumers who are which can generate less than 100 KW power would be entitled to get a compensation via Gross Metering, while those above the 100KW mark, can opt for Net Metering.
In an interesting Financial arrangement, the policy adds that state will provide loans up to 50% of the plant cost which can be repaid in the form of units sold back to the State. The new Solar Policy will play a key role in driving the state to the set target of 150 MW by the year 2021.
Source: ET/ TOI