India plans to relax the rules governing its federal solar energy program in order to attract larger companies and investors, the renewable energy secretary said Wednesday.
“Now we are working to relax a few norms and attract bigger players in the upcoming bids, which are likely to come up this month,” Deepak Gupta, secretary at the Ministry of New and Renewable Energy, said.
Under its solar program, India’s central government plans to have 20,000 megawatts of solar energy-based electricity generation by 2022.
Mr. Gupta said his ministry is planning to increase the size of the solar projects that will be awarded and also extend the timeline for arranging finances by one month.
“If the size goes up, more time is needed to tie up funds,” he added.
