Maharashtra: New policy targets 16,400 MW of green power

Maharashtra is set to finalise a new composite policy on renewable energy, as per which it has set a target of achieving 16,400 MW of installed capacity within five years and attract an investment of Rs 75,000 crore.

According to sources, the new policy, which may soon be tabled before the state Cabinet, will be focussed on easing business processes and number of clearances for pushing renewable energy power projects.

But with the Covid-19 pandemic worsening Maharashtra’s financial condition, sources said the state is unlikely to announce fresh fiscal incentives to push solar and wind energy projects like it had in the past.