Cabinet Set to Approve Green Energy Corridor Phase 3, Say Govt Sources
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Cabinet Nod Soon for Green Energy Corridor Phase 3; Rajasthan RE Projects Face Delays
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CNBC TV18•12-03-2026, 21:22
Cabinet Nod Soon for Green Energy Corridor Phase 3; Rajasthan RE Projects Face Delays
•Government sources indicate Cabinet approval is imminent for Phase 3 of the Green Energy Corridor, with cost analysis complete and a Cabinet note expected shortly.
•The second phase, approved in January 2022 at ₹12,000 crore, aimed to integrate 20 GW of renewable energy across seven states including Gujarat, Rajasthan, and Uttar Pradesh.
•India plans to support local ingot and wafer manufacturing for solar equipment through capital expenditure funding, not Production Linked Incentives (PLI).
•The National Solar Energy Federation of India sought ₹25,000 crore Viability Gap Funding for 50 GW ingot and wafer manufacturing capacity.
•Renewable energy projects in Rajasthan are delayed due to local opposition over Khejri trees; the state government is exploring relocation options to resume stalled projects.