Punjab state is awarded as ‘the state showing magnificent performance in the solar rooftop power projects’. The revolutionary initiatives of Punjab on the solar power front and the tremendous efforts made by the state in promoting Solar Energy has led PEDA be the best nodal agency in the country for solar rooftop projects.
State’s nodal agency, Punjab Energy Development Agency (PEDA), was also awarded for being the best nodal agency in the country for solar rooftop projects and special award was presented to Dera Beas for setting up world’s largest rooftop solar power plant.
Piyush Goyal, the Union Minister of State for Power, Coal, New and Renewable Energy presented the award to Punjab based on solar rooftop power generation capacity. Punjab has drafted a success with Solar Energy generation and is all set to enhance its green power generation from 9 MW to 1550 MW (172 times). Punjab has 63 MW grid connected rooftop solar power generation capacity, the highest in the country.
As solar developers across the globe are investing in Punjab due to its best solar power promotion policy,
Punjab has also recorded a enormous increase in investment in this field from meager `70 crore to `12,000 crores besides creating employment opportunities for 10,000 youth.
Punjab successfully structured the first ever Solar Summit last year, wherein top solar players including foreign solar giants had participated and were of the view that Punjab has one of the best solar power promotion policy in the country. The most exciting incentives under the state policy attracting big solar power players include no registration fee stamp duty on purchase/lease of land, exemption from CLU pollution clearance, state entry tax, Vat and property tax.
In the year 2013 to 2015, all tenders floated for power generation from renewable sources got the stupendous response just because of the transparency in the entire bidding process and facilitation to the developers through Punjab’s unique solar power generation promotion policy.
The Net Metering Roof Top Solar Policy is absolutely consumer-friendly and under this policy 1 lakh buildings will be covered by the year 2022 resulting in 200MW of solar power generation. Dera Beas project would also go a long way in creating awareness about the eco-friendly solar power amongst the general public as lakhs devotees visit the Dera Baba Jaimal Singh, annually.
In 2015 Prime Minister Narendra Modi honored Punjab in solar energy at national level and received ‘Best performing State award in Solar Energy’.