Clean Energy
Karnataka’s journey towards clean energy started with the setting up of the first hydroelectric power generation station in 1902. This journey has reached its peak with the 2,000 MW solar power park in Pavagada, Tumkur in 2018, which is World’s 2nd largest Solar Park
1st
in the production of solar energy
63%
of installed power capacity in renewable sources
400+
renewable energy ecosystem companies in Karnataka
1st
in the production of solar energy
63%
of installed power capacity in renewable sources
400+
renewable energy ecosystem companies in Karnataka
Table of contents
Incentives
Investment promotion subsidy of upto 10% of turnover for 5 years for Micro & Small Industries (upto INR 1 Cr.) and upto 2.5% of turnover for Medium enterprises for upto 6 years (upto 40% of value of fixed assets)
Upto 100% exemption on stamp duty
Low concessional registration charges of 0.1%
Upto 100% exemption on electricity duty for 8 years
Reimbursement of cost of power paid at INR 1/unit for 3 years
50% subsidy on cost of ETP (Max INR 50 L)
5% interest subsidy on technology upgradation loan for upto 6 years
Upto 2.25% of turnover as investment promotion subsidy for 6-10 years upto 40-60% of fixed asset value
Upto 100% exemption on stamp duty
Low concessional registration charges of 0.1%
Upto 100% reimbursement on land conversion fee
50% subsidy on cost of CETP/ETP/STPs (upto INR 6 Cr.)
Investment subsidy for anchor industries of upto INR 10 Cr
New initiatives & opportunities
Significant potential for renewable power
Karnataka has solar PV potential of about 25 GW, 8 GW of pumped storage hydropower and 14 GW of wind energy.
Growing EV charging infrastructure
Robust planning for charging stations planned across Karnataka
Largest market for solar power
Potential of ~3.6 Giga Watts in open access mode
Innovation in existing ESCOMS
Conversion to the smart grid by 5 ESCOMs.
Sector Champion
ReNew Power, India’s largest renewable energy IPP in terms of commissioned capacity, was founded by Sumant Sinha, a leading first generation entrepreneur in January 2011. ReNew Power develops, builds, owns and operates utility scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers. ReNew operates more than 100 utility scale projects spread across 8 states in India and has generated over 85,000 jobs, directly and indirectly. Under Sumant, ReNew has grown exponentially, and has a current renewable asset base of nearly 10 GW, including projects under development and in the pipeline. In 2019-20 ReNew Power contributed nearly 1% of the total electricity generated in India and helped mitigate 0.5% of the carbon emitted during this time. ReNew Power has 830 MW Solar projects and 651.8 MW Wind projects in Karnataka.
Growth drivers
Rural Energy Programmes
Three Rural Energy programmes are being implemented:New National Biogas and Organic Manure Programme (NNBOMP) Nutana Soura Belaku Yojane The Karnataka State Bio-fuel Policy – 2009
Karnataka Solar Policy 2014 – 21
Attractive incentives provided specifically to solar power generation projects via dedicated Karnataka Solar Policy 2014 – 21.
Renewable Energy Policy 2016-2022
This policy is keen to attract renewable energy projects and to promote wind energy, small hydropower and biomass power projects.
Sector Contact
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