Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

India Solar Rooftop Market Outlook and Impact Analysis of SRISTI Scheme till 2022

Posted by fidest press agency su sabato, 6 aprile 2019

The “Solar Rooftop Market Outlook in India and Impact Analysis of SRISTI Scheme till 2022” report has been added to ResearchAndMarkets.com’s offering.Examining state wise opportunities for grid-connected solar rooftop applications and market sizing for discoms, OEMs, EPC contractors, project developers into residential, industrial, commercial and government segments. The government of India is projected to make an investment by giving subsidies to the amount of USD 3.3 Billion for scaling up the solar rooftop installations in the country under Sustainable Rooftop Implementation for Solar Transfiguration of India (Sristi) Scheme. The economics of solar power has improved in India. It’s a far more cost-competitive source of electricity generation than it was a decade back or more. The sharp decline witnessed in the module and installation cost of the solar photovoltaic systems in the country and all across the globe has been a significant reason for such a development, and have also pulled up the solar power capacities higher than before.Presently, India boasts a solar power installed capacity of 24 GW, which was not even 1 GW in mid-2000s. Solar’s changing economics is already influencing the business consumption and investments and given the push from the Indian government, the sector is progressing towards a multi-faceted growth. Talking about consumption, a new demand segment for solar power is picking up the trend i.e. solar rooftops.A good number of companies especially the PSUs with large physical footprints and high power costs are switching towards installing commercial-scale rooftop solar systems, often at less than the current price of buying power from a discom. Also, for the industrial belts where power requirement is massive and congestion in the transmission lines is also high, rooftop systems can be utilized to get some respite.
For instance, as per the latest developments it is to be noted that the premises of Power Grid Corporation in Madhya Pradesh shall be installing solar rooftop systems for its self-consumption and is anticipated to get the electricity at a tariff of INR 1.58/unit, which is way cheaper than what they use to pay erstwhile to the discoms. Similarly, many other government buildings in the state have decided to go ahead with solar rooftop systems with the per unit electricity cost to be INR 1.67. This has been achievable with the deployment of RESCO programme in the state. The RESCO model facilitates the beneficiary consumer to buy solar power with zero upfront investment and at a tariff much below the prevailing DISCOM rates. Likewise, the government has been coming out with various other schemes, policies and incentives for increasing capacity additions from solar rooftop systems in order to achieve the target of 40 GW by 2022.

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