The Policy Environment Has Never Been Stronger
The Government of India has made an unprecedented commitment to renewable energy — ₹2.44 lakh crore in Union Budget 2024–25 for the energy transition, a 500 GW renewable capacity target by 2030, and Production Linked Incentive (PLI) schemes for solar manufacturing worth ₹24,000 crore.
Twenty-plus states have active solar policies offering land allocation at concessional rates, open-access provisions, wheeling charge waivers, and banking facilities for solar generators. SECI, NTPC Renewable, and state DISCOMs collectively float solar tenders exceeding 50 GW annually.
India committed under the Paris Agreement to achieve 50% energy from non-fossil sources by 2030 and reach net-zero by 2070. These are binding international obligations backed by domestic legislation.
Mauli Sungrid is positioned at this exact intersection — where policy mandate, economic opportunity, and practical execution capability converge
Key Numbers:
Figure | Description |
500 GW | India’s RE capacity target by 2030 |
₹2.44 Lakh Crore | Budget 2024–25 energy transition allocation |
2070 | India’s net-zero commitment year |
20+ States | With active solar incentive policies |
55 Million Ha | Barren land available for productive development |
Government Schemes & Our Alignment
PM Surya Ghar Muft Bijli Yojana
India's flagship rooftop solar subsidy programme — targeting 10 million households with subsidised rooftop solar installations. As Mauli Sungrid scales its rooftop commercial portfolio, executing projects under this scheme represents a significant near-term opportunity, particularly in Maharashtra where MSEDCL is the nodal agency. Alignment Status: Future Pipeline
Solar Park Scheme (MNRE)
MNRE's Solar Park Scheme develops dedicated solar zones with shared infrastructure — land, roads, power evacuation, and water facilities — reducing project development risk. Our ground-mounted park model is directly aligned with this framework. We are positioned to develop projects within designated solar parks or as independent parks seeking similar infrastructure support. Alignment Status: Strong Pipeline Fit
Maharashtra Renewable Energy Policy
Maharashtra's state renewable energy policy offers open-access provisions, wheeling charge concessions, banking facilities, and wasteland allocation for solar projects. Our initial projects in Nanded and Latur will be developed in full alignment with MEDA (Maharashtra Energy Development Agency) guidelines and MSEDCL procurement requirements. Alignment Status: Active Alignment
Accelerated Depreciation (AD) Benefits
Under India's Income Tax Act, solar energy equipment qualifies for 40% accelerated depreciation in the first year of commissioning — a significant financial incentive for EPC clients and plant owners. Mauli Sungrid structures its EPC contracts so clients can fully capture these tax benefits, improving overall project economics and shortening payback periods. Alignment Status: Actively Leveraged
SECI & NTPC RE Tenders
Solar Energy Corporation of India (SECI) and NTPC Renewable Energy regularly float multi-GW solar tenders requiring large-scale EPC capability. As Mauli Sungrid's project execution track record grows, participation in SECI-level tenders becomes a key revenue channel — offering assured offtake at government-backed tariffs. Alignment Status: Pipeline Target
Wasteland Development Policy
Multiple state governments actively promote productive use of wasteland and barren land — including preferential lease rates, fast-track approvals, and development incentives for solar projects. This is the backbone of Mauli Sungrid's land acquisition strategy and represents our strongest policy alignment — a government priority that directly matches our business model. Alignment Status: Core Strategy