India's Tamil Nadu targets 3,000MW solar power by 2015

Tamil Nadu's newly launched Solar Energy Policy 2012 mandates it to generate 3,000MW of solar power by 2015.

This means a capacity addition of 1,000MW per year.

The Indian state will require residential, industrial and commercial buildings to source a minimum of 6% of their power from solar by January 2014, starting with 3% from December next year.

All domestic consumers will be encouraged to put up rooftop solar installations with net metering facilities.

It also provides generation based incentives for all solar or solar-wind hybrid rooftops being installed before March 31, 2014. A capacity target of 50MW has been set up under this scheme.

The Tamil Nadu government is also putting in motion a selection process for developers through tariff-based reverse/competitive bidding. The state is using Germany and Spain as a model for its system.

Investments through joint ventures between the state and public sector will also be encouraged at competitive tariffs and exempt from paying electricity tax.

Renewable Energy Certificates will be introduced to promote the trading of solar power to meet SPOs.

For more.

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