New Delhi, Feb. 3 -- The Government has taken following measures to incentivise investment by private sector in the field of renewable energy including solar energy in the country:

With a normative cost of Rs. 4 Crore per MW for solar installation, it is estimated that an investment of around Rs. 2, 53,210 Crore has been made on installation of 63302.47 MW capacity solar projects in the country.

Since the tariff of electricity generated from solar energy has come down to as low as Rs. 1.99 per kWh, much lower than new thermal or hydro based power generation systems, solar power projects are commercially viable.

This information was given by Shri R.K Singh, Union Minister for Power and New and Renewable Energy in a written reply in Lok ...