The government’s commitment to promoting investment in residential renewable energy systems is evident through the various schemes being provided, including the installation of PV panels, home energy storage batteries, heat pump water heaters, solar water heaters, and water purifying systems.
In addition to these initiatives, the government is also incentivizing the private sector to contribute to the development of renewable energy installations. The strategic vision for clean energy is comprehensive, with plans in place for the implementation of the second interconnector, investment in mass energy storage using batteries, the formulation of a national policy for renewable energy projects, and preliminary consultations to assess market readiness.
The identification of 6 zones for potential renewable energy projects, along with the Strategic Environmental Assessment highlighting 2 zones with lesser environmental impact, demonstrates a thoughtful approach to sustainable energy development.
Furthermore, the consideration of offshore floating wind farms and nearshore solar energy solutions underscores the government’s commitment to exploring innovative and environmentally friendly energy solutions.