Recently, the Indian government said it would set up to Rs 150 crore buffer funds to develop solar energy projects, to ensure that Jawaharlal Nehru National Solar Mission (JNNSM) successfully completed.
According to a senior official said the state-run Indian solar companies will establish a mechanism to guarantee funds to ensure that solar developers to have the ability to develop.
He also said that the Indian government has also set up a fund in order to achieve by 2022 solar power generation capacity of 100 GW target. The fund also covers state utilities and bulk consumers and other groups to ensure timely payments to developers.
India's state-owned solar energy company will provide assistance for the project, the creation of a separate bank account to operate the funds. The Government of India introduced VGF (viability gap funding), but also the implementation of the second phase of Jawaharlal Nehru National Solar Mission.
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