Why India's rooftop solar energy sector is booming
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- Опубліковано 14 вер 2023
- In the previous video, M Ramesh discusses the remarkable resurgence of the biomass industry. Today, we turn our focus to another exciting segment - rooftop solar.
For years, rooftop solar in India struggled to gain traction, but now it's on the fast track to success. Join us in exploring the incredible transformation in this booming industry.
Around 2015, India set an ambitious target of achieving 40 GW of rooftop solar by 2022.
By 2019, only 1.9 GW had been achieved, and then the pandemic hit, halting progress.
But since then, rooftop solar has experienced a remarkable turnaround. From March 2021 to March 2023, India added 4.4 GW, surpassing the previous four years' performance. In 2023-24 alone, India is set to add another 4 GW, signalling a bright future for rooftop solar.
So, what's behind this resurgence? Multiple factors are converging, including the saturation of credit-worthy commercial and industrial customers, increased confidence from financiers, and a growing interest from the MSME sector. States are also shifting from "net metering" to "net billing," making it more attractive for individuals and businesses to adopt rooftop solar.
The OPEX model, where solar companies set up rooftop plants and sell power directly, is making solar energy more accessible, with prices ranging from Rs 4 to Rs 5 per unit.
While challenges like the Approved List of Models and Manufacturers and unfriendly state policies exists, rooftop solar in India is on an upward trajectory.
Credits
Host&Script: M Ramesh.
Producers: V Nivedita; Siddharth MC.
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I feel all the highways should be covered with solar modules which will generate large amounts of electricity and also help keeping the roads cool
Not feasible cause the maintenance of solar will be very high because of dust buildup on the panels so the efficiency would likely drop by 40-50% after one day because of the dust flying from tires of vehicles running on the road
All people must have it for eco power and atmanirbhar on energy .
I like your crisp and clear presentation
IREDA will be a game-changer in the transition to green energy of Indian economy
Amazing video. Keep bringing this man back!
Adani green energy and Waare renewables are great company to invest in.
Thank you so much! 🙏 PLEASE can you make a video on peer to peer trading of electricity through solar?
Loved his conclusion
Thank you for the overview of this market
Very well explained.
Every parking lot should have solar power.
Rooftop solar energy potency in India ?
Companies are not static, residents are. Better to incentivise residents than incentivise the commercial sector.
And why not more Nuclear Powerplants, what changed suddenly ?
Is it something to do with the Coalgate scam ?
Again it comes back to taxes i.e GST or VAT , which one is better ?
Scale of Business can be answer to GST, but
GST + Scale of Business = VAT
Back to square one.
I don't understand why the rooftop segment is growing by shifting the policy from Net metering to Net Billing. The ROI for the Net-Billing system takes 5 times more than the Net Metering system. Then What is the reason behind growing demand instead of falling ? Can anyone elaborate logic behind it?
I think this would provide incentive for the grid operators to buy electricity back from customers. This would make the grid operators more receptive to buying electricity from customers thereby providing opportunity to the customers to sell electricity even if it is at a lower price instead of no avenue to sell it.
Are they made in China
Nope, we had heavy tariffs to make sure that they are indian. We are even exporting solar