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#REINVEST2020 Programme: Session Details


Friday, 27 Nov, 2020 1500 - 1630 IST Virtual Session Coordinators

Solarizing Agriculture: Cultivating Renewable Energy in Indias Farmlands

Mr Amitesh Kumar Sinha, Joint Secretary
amitesh.ks@gov.in
Ms Bincy Alex
bincy.alex@cii.in

Agro-PV offers an opportunity to enable the achievement of both the sustainable agriculture and clean energy transitions. Decentralised and distributed renewable energy solutions including solar powered irrigation can significantly contribute towards decarbonising electricity generation without any additional investment on transmission infrastructure. 

India’s Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), a flagship scheme of the Ministry of New and Renewable Energy (MNRE) is a transformational initiative and offers central financial to the tune of INR 34,222 Crores with a target installation of 30.5 GW. KUSUM aims to expand the energy access to marginal farmers, energy independence for grid connected agricultural consumer and provide an additional source of income to the farmers. It has three components. 
•    Component–A is for installation of small solar plants upto 2 MW capacity on barren/fallow land of farmers. Farmers will be able to sell power generated from small RE plants to DISCOMs at a pre-determined rate fixed by the Regulator. 10 GW capacity has been kept as a target for which DISCOMs will get Procurement Based Incentive. 
•    Component-B is for replacement of 2 million diesel pumps by standalone Solar Powered Agriculture Pumps for which 30% subsidy each by state and central Government will be provided (Higher central subsidy of 50% for special category states/UTs). With the use of Universal Solar Pump Controller, farmers will be able to use surplus energy for operation of other agricultural equipment also.
•    Component-C is for solarisation of 1.5 million Grid-connected solar powered agriculture pumps which will enable farmers to get reliable day time power and sell surplus solar power to grid at a pre-determined rate fixed by the regulator. 30% Subsidy each by state and central Government will be provided (Higher central subsidy of 50% for special category states/UTs). In order to eliminate subsidy burden of the states and to minimize losses of Discoms, a new provision has been included under Component-C to solarize agricultural feeders in place of solarization of individual pumps. Investment made on this will be recovered in 4-5 years. 

Further, in a move to make PM-KUSUM financially viable the Reserve Bank of India (RBI) has included all three components of PM-KUSUM under priority sector which will help farmers in getting loan from local banks. Component B and C have been included under the eligible category under Agricultural Infrastructure Fund (AIF) which will facilitate farmers to get loan at concessional rate.

The session will deliberate upon opportunities and challenges for unlocking higher solar farm returns, promotion of Agro-PV and ways to facilitate farmers for availing cheaper loans from Banks.

Raj Kumar Singh

Raj Kumar Singh

Minister of State (IC) for Power and NRE
Government of India

Ajay Mathur

Ajay Mathur

Director General
The Energy and Resources Institute (TERI)

Maximillian Trommsdorff

Maximillian Trommsdorff

Head of Team Agrivoltaics
Fraunhofer ISE

Mohinder Gulati

Mohinder Gulati

International Consultant
World Bank

Sanjay Dubey

Sanjay Dubey

Principal Secretary and Commissioner
New and Renewable Energy Department

Satya Tripathi

Satya Tripathi

UN Assistant Secretary-General and Head of Office
United Nations Environment Programme, New York Off

Saurabh Kumar

Saurabh Kumar

Executive Vice Chairperson
Energy Efficiency Services Limited

Vandana Gombar

Vandana Gombar

Editor, Global Policy
BloombergNEF