In accordance with the decision, the gurgaon-based Solar Energy Centre (SEC) will be converted into National Institute of Solar Energy, with a long term vision to develop it as a world-class institute, an official statement said here.
"The Cabinet today approved the proposal for setting up the National Institute of Solar Energy to assist the Ministry on New and Renewable Energy, and function as the apex national centre for research and technology development and related activities in the area," it said.
The move will accelerate the process to support induction of the latest technologies to ensure maximum cost benefit and lead to early commercialisation.
Solar power project developers will be motivated to use more efficient and optimised solar components, it said.
A broad-based national team in the form of a committee will be set up with representation from industry, the scientific community and financial institutions to look into various models available in the country and outside and prepare a roadmap for the institute, the statement said.