"India Offers Attractive Subsidies to Launch Solar Industry"

[Dan McAfee]

"India Solar Investing

India Offers Attractive Subsidies to Launch Solar Industry

By Abhishek Shah
Wednesday, July 18th, 2012

Solar Power in India is growing rapidly despite the federal subsidy
program, JNNSM not doing so well. This is mainly due to the State
Government’s stepping in to fill the void. While Gujarat, has been the
stand out state so far, in promoting the use of solar energy and
installing almost 70% of the total solar power capacity in the
country, other states are too trying to catch up. The latest state to
wake up from the slumber and get into the act is Madhya Pradesh . The
state has already awarded 297 MW worth of solar projects to solar
developers like Welspun, Moser Baer and others. It has now come up
with a number of new incentives to further promote the use of PV
Power. Some of the incentives are:

a) Exemption from electricity fee

b) Banking of generated power which will allow the developers to
store solar power in the grid and sell it during times of peak demand
when the prices are high

c) Subsidy in the transportation charges over the grid for the
electricity

d) Exemption for VAT and entry tax

The state is also looking to set up 4 solar energy parks in the state
along the line of the Gujarat solar park. Each of these parks is
expected to generate 200 MW of power. Note Tamil Nadu too has decided
to set up solar power parks sparking a solar land rush in the state.

Read about how other states are doing in solar energy..."

More @ http://www.greenchipstocks.com/articles/india-solar-investing/2065