- The Ministry of New and Renewable Energy (MNRE) extended the “Development of Solar Parks and Ultra Mega Solar Power Projects” scheme by three years.
- The Ministry will only approve new projects under the scheme until March 31, 2026.
The Ministry of New and Renewable Energy (MNRE) India has extended the “Development of Solar Parks and Ultra Mega Solar Power Projects” scheme by three years, moving the completion deadline for ongoing projects to March 31, 2029. The Ministry said the extension will give developers and state power departments more time to finish projects and settle committed liabilities without additional government funding.
MNRE confirmed that it will only grant new approvals or sanctions until March 31, 2026. Developers seeking support under the scheme must apply before that date.
The Ministry, with the approval of the Honourable Minister for New and Renewable Energy and Consumer Affairs, Food & Public Distribution, issued the memorandum to State and Union Territory secretaries, the Solar Energy Corporation of India (SECI), the Indian Renewable Energy Development Agency (IREDA), and Solar Power Park Developers (SPPDs).
By extending the scheme, MNRE aims to ensure the timely completion of projects, strengthen renewable energy infrastructure, and keep India on track to meet its solar capacity targets.