JNNSM was launched in 2009 with a target for Grid Connected Solar Projects of 20,000 MW by 2022. In the last two to three years, the sector has witnessed rapid development with installed solar capacity increasing rapidly from 18 MW to about 3800 MW during 2010 - 15. The price of solar energy has come down significantly from Rs.17.90 per unit in 2010 to under Rs.7 per unit, thereby reducing the need of VGF / GBI per MW of solar power. With technology advancement and market competition, this Green Power is expected to reach grid parity by 2017-18. These developments would enable India to achieve its present target of 20,000 MW. But considering its international commitment towards Green and climate friendly growth trajectory, the Government of India has taken this path-breaking decision.