6 months, 2 weeks ago

Blockchain, smart materials, among innovative projects mooted in PM solar scheme

As part of the ₹75,000-crore PM Surya Ghar: Muft Bijli Yojana, the Ministry of New and Renewable Energy has announced a ₹500-crore sub-component for “Innovative Projects”, according to a draft notification from the Ministry. Some examples of innovative projects envisioned include “.blockchain-based peer-to-peer RTS, digital solutions for RTS, smart building materials, RTS with EV, grid responsive RTS with battery storage solutions, DISCOM systems for RTS management etc”. Every project is expected to be for a “maximum duration” of 18 months and the financial assistance for innovative projects would be capped at 60% of the total project cost, or a maximum of ₹30 crore. Prime Minister Narendra Modi earlier this week said that 1.3 crore families had registered for the scheme since its launch with 3.75 lakh homes having installed these connections since March.

The Hindu

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