ROOFTOP SOLAR TARGET
IGL to diversify into solar rooftop, battery recycling
"With the exponential growth being witnessed in the electric vehicle market, demand for batteries has risen significantly. Many rare earth metals go into battery manufacturing, so IGL thinks recycling them could be a lucrative option, especially when not many companies are doing it," said another senior industry executive.
Shining away: India’s solar potential
India has the potential to generate around 750 GW of power from solar sources, with only 11% utilization. New rooftop solar schemes can help ramp up capacity faster.
Green energy will help fight pollution and create jobs in India
India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency - Renewable capacity statistics 2023.
After rooftop scheme, plan in works to drive solar pumps
The government plans to streamline the installation of solar agricultural pumps for farmers under the PM-KUSUM scheme by connecting them directly to vendors through a national portal, similar to the PM Suryaghar Muft Bijli Yojana for solar rooftop schemes. This initiative aims to simplify the process, reduce delays, and empower farmers to choose their preferred solar pumps. The scheme's subsidy structure, with 30% from the Centre and a minimum of 30% from states, will remain unchanged. The national portal will also accommodate state subsidies, enhancing efficiency in implementation.
Tata Power to target 20% share in PM Surya Ghar Muft Bijli Yojana: CEO
"The expectation is that in the next 4-5 years, about 25-30 GW of capacity will be added. We are looking to cover about 20% of this but it will be over five years. It will be flat in the initial years but possibly from the second or third year, we will see much more capacity getting added."
Net metering key to rooftop sunshine
The promise of 300 units of free electricity for setting up rooftop solar panels is attractive. However, since many states give free power, setting up solar panels seems like an additional effort with no significant benefit. Outreach to target consumers, and increasing their awareness of the benefits of switching to rooftop solar, must be an integral effort of this programme. The on-ground outreach in Ayodhya for rooftop solar could serve as a template in other towns and cities.
Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
How Tata Motors is planning to up its EV game
Tata Motors announces Q4 results with increased EV sales, plans new models like Curvv EV, focuses on market development, collaborates for charging infrastructure, integrates solar power, and aims to exceed sales targets.
Green energy stocks surge up to 600%! Why green is the new gold on Dalal Street
Green energy stocks surge on Dalal Street with up to 600% returns fueled by India's renewable energy growth. Investors eye opportunities in the sector, driven by ambitious targets, support from Morgan Stanley, and initiatives like the rooftop solar scheme under Pradhanmantri Suryodaya Yojana.
Apple enters JV with CleanMax to invest into rooftop solar projects in India
The solar project will have a total size of 14.4 megawatts, which will provide a local solution to power the company’s offices and the two retail stores in Mumbai and New Delhi, the Cupertino-based smartphone major said in a statement.
For 3rd term, BJP eyes rooftop solar to get to the masses
BJP's plan for energy independence by 2047 includes rooftop solar outreach, 300 GW solar by 2030, and clean energy excellence center. They aim to challenge China's dominance in renewable energy sector.
Rooftop solar plants to be installed in 645 Delhi govt, MCD buildings, will create 50 MW capacity
The Delhi government has approved a solar policy to install rooftop solar plants on 645 buildings, including educational institutions and healthcare facilities. The initiative will help make the government buildings more energy-efficient, resulting in these becoming sustainable and completing their energy needs through self generation of power.
Banks to club home loans with funding for rooftop solar gear
Banks will bundle housing loans with rooftop solar installations to boost solar energy usage. The government's PM Surya Ghar Muft Bijli Yojana will be supported through standalone products. Banks will link with the National Portal for Rooftop Solar to provide real-time data access. Prime Minister Narendra Modi announced the launch of the new rooftop solar scheme.
Budget 2024: Save up to Rs 18000 a year in electricity bills via this government rooftop solar power scheme; who is eligible
The Prime Minister also directed that a large national campaign be launched to encourage residential customers to select rooftop solar in considerable numbers.
Budget 2024: Save up to Rs 18000 a year in electricity bills via Pradhan Mantri Suryodaya Yojana rooftop solar power scheme; who is eligible
Pradhan Mantri Suryodaya Yojana: Finance Minister Nirmala Sitharam announced a rooftop solar panel scheme for 1 crore houses up which will offer 300 units for free under Pradhan Mantri Suryodaya Yojana.
Fiddling on the roof to brighten solar
India experiences clear, sunny weather for 250-300 days a year. So, the potential is massive. A Council on Energy, Environment and Water (CEEW) study showed that households can technically deploy more than 640 GW of RTS. About 7-8 lakh households have installed RTS, about 4 GW of solar capacity. PM's announcement will give the necessary push to the sector. A higher uptake of RTS can help individuals cut their energy bills and meet personal clean-energy goals, states save on electricity subsidies, improve discoms' financial health and pave the way for greater uptake of RE, a must if the country wants to meet its decarbonisation goals.
REC shares jump 7% powered by Modi's solar rooftop project
The company is aiming to install rooftop solar systems in 10 million households, Chairman and Managing Director Vivek Kumar Dewangan announced on Tuesday adding that in this major push towards renewable energy, REC will lend up to Rs 1.2 lakh crore for the installation of these rooftop solar panels.
India missed 2022 solar rooftop target. Will new policies help meet the revised deadline of 2026?
India's solar power generation target of 100 GW by 2022 was missed, with only 63.3 GW generated. Rooftop solar energy generation was just 11 GW, far short of the 40 GW target. Experts are unsure if the new deadline of March 2026 will be met. Rooftop solar is important for affordable power, reducing dependence on the grid, and improving access to electricity in remote areas. Lack of awareness, high initial costs, and lack of financing options are hindering residential adoption.
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