SOLAR ROOFTOP 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."
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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.
Southern India can Lead India's pursuit of 500GW renewable target by 2030: Experts and industry players
Southern states like Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana hold immense solar and wind energy potential. However, realizing this potential requires substantial investment in strengthening transmission infrastructure.
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.
India's remarkable journey towards energy transition
India’s energy transition journey has been remarkable. Setting up ambitious targets ahead of most countries, charting out pathways with enabling policies, schemes, and initiatives, revisiting/re-calibrating them in view of the learning, technology developments & their cost trajectories, etc., have been the underlying strands.
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.
India's clean energy boom slows as new solar projects get delayed. Experts say it can pick back up
India needs to install 40 gigawatts a year to meet its goal of installing 500 gigawatts of clean energy — enough to power 51 million homes in the country — by the end of the decade. The shortfall “means that meeting the 2030 target for clean energy is highly challenging,” said Charith Konda, part of the team that put together the IEEFA’s analysis.
Budget tries to find a counter to a potent weapon of the opposition
Finance Minister Nirmala Sitharaman's interim budget proposed a rooftop solar scheme called Pradhan Mantri Suryodaya Yojana, providing 300 units of free electricity per month to 10 million households. This scheme aims to save households Rs 15,000-18,000 annually and promote solar power generation. It also creates entrepreneurship and employment opportunities. The grid-connected rooftop solar system will reduce burden on electricity distribution companies, lower fossil fuel usage, and contribute to India's renewable energy goals of 500 GW by 2030 and 50% non-fossil fuel power generation capacity.
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.
Net-zero goal: India's interim budget focuses on green economy, climate investments
India aims to achieve net-zero carbon emissions by solarising rooftops of one crore households and providing viability gap funding for offshore wind energy. The government will mandate blending compressed biogas with natural gas for transport and domestic use. India plans to set up coal gasification and liquefaction capacity and support the e-vehicle ecosystem. The country will also launch a scheme for bio-manufacturing and bio-foundry, and implement measures for coastal aquaculture and mariculture. The government's initiatives aim to reduce emissions and promote green economic growth.
Interim Budget 2024 offers free electricity to 1 crore households through rooftop solar
Interim budget 2024: Solar energy plays a crucial role in India's aspirations to generate 500 GW of renewable energy by 2030. It is a vital component in the country's efforts to reduce dependence on fossil fuels and combat climate change. Among the many energy alternatives being adopted in the country, rooftop solar energy has been a big draw, with the Centre recently announcing the Pradhan Mantri Suryodaya Yojana. The scheme intends to supply power to households through solar rooftop installations while also providing extra money for excess electricity output. Announced in January, the scheme aims to install rooftop solar power in one crore households.
Kejriwal's Gift to Delhi: Earn Rs 900 monthly, plus enjoy zero electricity bills
Delhi Chief Minister Arvind Kejriwal announced the Delhi Solar Policy 2024, offering generation-based incentives for rooftop solar panel installations. The policy also requires government buildings with an area of 500 square metres to install solar panels within three years. Atishi, the Power Minister of Delhi, stated that the policy was approved by the Cabinet and will be implemented in 10 days.
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.
REC chief on rooftop solar mission, diversifying into non-power infra & zero NPA plans
Vivek Dewangandiscusses the implementation of the Rooftop Solar mission and the role of REC as the overall programme implementation agency. The target is to cover one crore households and install 40 gigawatts of rooftop solar capacity by 2026. The total financing required for this is estimated to be around Rs 2,00,000 to 2,40,000 crore. Dewangan also mentions that REC is diversifying into non-power infrastructure and logistics, with a focus on financing refineries, electromechanical components, railway projects, road and highway projects, airports, metro, super-speciality hospitals, IT infrastructure, and data centres.
PM Modi announces rooftop solar scheme, his 1st decision after Ram Temple inauguration
Prime Minister Narendra Modi announced the "Pradhanmantri Suryodaya Yojana" to install rooftop solar systems in 1 crore homes after the Ram temple ceremony in Ayodhya. This scheme aims to reduce electricity bills for the poor and middle class, while making India self-reliant in the energy sector. The government's previous solar power targets were not met, but rooftop solar energy generation reached 11 GW by the end of 2023.
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.
PSUs to charge up government's rooftop solar scheme
Guidelines to be announced soon would allow PSUs to cover the installation cost for the solar systems and offer a rent for using the rooftop of houses having a low power demand to make the proposition attractive, people privy to the plan told ET. The companies could recover the investment by the sale of excess electricity after consumption by the households.
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