Jharkhand Renewable Energy Development Agency (JREDA) is an autonomous body under the Societies Registration Act 21, 1860 registered on 19th February 2001 for the development and deployment of New and Renewable Energy resources for supplementing the energy requirements of the state and to generate public awareness in facilitating deployment of new and renewable energy systems. JREDA is a state nodal agency for the implementation of renewable energy projects by means of financial incentives made available by the Ministry of New and Renewable Energy (MNRE), Govt. of India and Government of Jharkhand and State Designated Agency (SDA) for implementation of Energy Efficiency projects by means of financial incentives made available by Bureau of Energy Efficiency (BEE).
For the creation of a conductive environment for the development of Solar Energy in the state, State Government had notified solar policy on 10th August 2015. The policy titled, “Jharkhand State Solar Power Policy 2015” would remain in operation till 5 years or till the issuance of any new policy. Solar Power Projects commissioned under this policy would be eligible for the incentives declared under this policy for 10 years. For the promotion of rooftop solar programmes and to bring investment in rooftop solar market in the state, state government has notified “Jharkhand Solar Rooftop Policy, 2018”. Rooftop specific solar policy covers clauses of mandatory installation and virtual net metering which would help peaking up of the solar rooftop installations and making Jharkhand a self-sustained solar energy market.
State of Jharkhand has potential for the development of other renewable energy sources like Small Hydel Plant (SHPs), Bio-mass based plants etc. JREDA has launched several schemes for the development of renewable energy portfolio across the state and also exploring opportunities for the development of new renewable energy sources.