You are here

State Nodal Agencies

India: Federal Subsidy Scheme Is High Financial Burden for Channel Partners

Submitted by Baerbel Epp on February 3, 2013

There are always two sides to each story: On the one hand, the 30 % investment subsidy scheme has brought most solar thermal system suppliers enormous growth rates since it was implemented by India’s federal government in June 2010. The chart above shows the results from a survey carried out by the Indian Malaviya Solar Energy Consultancy among the leading 22 Channel Partners. These 22 partners control almost 70 % of the market. On the other hand, the same Channel Partners must put together a minimum of 1,000 m² of collector area before being able to claim subsidies from the Ministry of New and Renewable Energy (MNRE) on behalf of their clients. This has put a lot of pressure on the pre-financing capacities of manufacturers which barely have the money to grow. In addition, Channel Partners with even superior rating are required to apply for a minimum of 10,000 m² per subsidy claim.
Figure: Malaviya Solar Energy Consultancy

Search results

  • Companies : State Nodal Agencies