Govt offers 50% funding capped at Rs 2 crore to replace fossil fuels with solar heat in industry
The Ministry of New and Renewable Energy is inviting proposals for solar thermal technology. Financial support up to fifty percent is available for industrial process heating applications. This initiative aims to reduce fossil fuel consumption a...
The government will provide up to 50% of the project cost, and the assistance will be capped at ₹2 crore per project, which may be given in the form of viability gap funding. The last date to submit the proposals is October 7.
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Solar thermal technology uses solar radiation to generate heat, which can then be used directly for applications such as water heating, steam generation and industrial process heating.
When combined with thermal energy storage, the heat can also be used beyond sunlight hours.
The call invites proposals from start-ups, private institutes and entrepreneurs under its Renewable Energy Research and Technology Development Programme.
The programme will focus on commercially viable and scalable solar thermal systems integrated with thermal energy storage and existing industrial processe.
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