Union Cabinet approves Solar Power capacity target to 1 lakh MW under JNNSM by 2022


Prime Minister Narendra Modi approved increasing India’s solar power capacity which increase capacity of five times from current capacity under the Jawaharlal Nehru National Solar Mission (JNNSM) to 1 Lakh Mega Watt (MW) by 2022 in new Delhi. 1 Lakh Mega Watt (MW) target principally will comprise of 40,000 MW from Rooftop and 60,000 MW through Large and Medium Scale Grid Connected Solar Power Projects.

  • According to the approval, India will become one of the largest Green Energy producers in the world by surpassing several developed countries.
  • Cabinet Committee on Economic Affairs (CCEA) also approved setting up of over 2,000 MW of Grid-Connected Solar Power Projects on BOOT basis.
  • JNNSM will be set up by Solar Power Developers with Viability Gap Funding under JNNSM with total investments of 12,000 crore rupees.
  • Projects of JNNSM will help in generation of additional 2000 MW capacity of Grid-connected solar power projects and create employment of about 12,500 people in rural and urban areas.
  • JNNSM will also help to reduce about 3.42 Million Tonnes of carbon emissions into the open environment every year.

- Published/Last Modified on: June 24, 2015