MNRE Secretary Santosh Kumar Sarangi has stated that India’s energy demand has been rising quickly and now requires a balanced mix of renewable, nuclear and coal capacity. MNRE has confirmed that it is holding discussions with the Finance Ministry on a new scheme for floating-solar and agrivoltaic deployment. These technologies have been prioritised because they are implemented without competing for large land parcels. He has indicated that solar is expected to command the largest share within India’s 500 GW renewable target for 2030. He has cautioned that transmission expansion remains a bottleneck, as high-voltage lines typically require four to five-plus years to build. Sarangi has noted that current solar tariffs reflect domestic-manufacturing objectives under DCR-linked procurement frameworks. He has emphasised that state governments remain essential for land approvals, transmission coordination and PPA execution.
MNRE and Finance Ministry discuss India’s floating solar and agrivoltaic plan
India’s MNRE and Finance Ministry discussed a new scheme for floating solar and agrivoltaics as Sarangi detailed rising demand, transmission delays, tariff choices, and state-level roles.
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