LUCKNOW: A new solar policy was cleared by the UP cabinet on Friday which aims to generate 22,000MW solar power over the next five years. This will include 14,000MW through establishment of solar parks, 4,500MW through rooftop solar projects in residential areas, 1,500MW through non-residential rooftop projects and 2,000MW through the PM Kusum Yojana.
The UP Solar Policy-2022 will be applicable for five years. In addition to financial aid from the Centre, state government contribution of Rs 15,000 per KW, upto a maximum of Rs 30,000 per consumer was also approved.
A grant of Rs 8 crore for each year that the policy is applicable or Rs 4,000 crore for five years was also approved. Government buildings and all educational institutes have been allowed to set up rooftop solar systems on the net metering system.
For the solarisation of separate agricultural feeder Kusum C-2, the policy has a provision of viability gap funding of Rs 50 lakh per MW. For solarisation of private on-grid pump, a subsidy of 70% for farmers from the Musahar, Vantangia and SC communities has been provided, and a subsidy of 60% for other farmers. A total of Rs 1,000 crore can be given during the five years of the policy. Along with the power purchase agreement, utility scale solar power projects, stand alone battery systems and a storage system of more than 5MW with a capacity of 4 hours, a capital subsidy of Rs 2.5 crore per MW has been given.
For establishment of solar parks on gram panchayat or revenue land by government undertakings, land at Re 1 per acre per year will be provided for 30 years while for private sector companies, the land will be made available at Rs 15,000 per acre per year for 30 years.
A 100% waiver on stamp duty will be offered on land either purchased or leased while plants producing power from solar energy will be given a waiver of electricity duty for 10 years.

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