New Rundown, New Solar Energy Information!!
TSRTC saves big on 5MW solar installation.
Looking to cut down on electricity costs, the Telangana State Road Transport Corporation (TSRTC) made the switch to renewables by installing approximately 5 MW of solar PV systems. The TSRTC has estimated to save around 3.9 Cr per annum since making the switch.
Upon installing solar, the officials have stated to pay Rs. 4.80 per kWh of consumption which has made the difference. According to TSRTC, they have set up 95 depots with rooftop solar installation on top of bus depots like Mahatma Gandhi, Jubilee, Kukatpally, Kacheguda and many more. The 5MW solar pv system is estimated to generate around 65 lakh to 75 lakh kWh per annum.

Following up on our previous rundown. Here is a quick recap to what happened this week.

• Indian railways commits to generate 1000 MW by the coming year and 5GW by 2030
  Post the 2020 budget, Indian railways highlighted their vision of installing ground mounted solar on railway occupied land alongside railways tracks. The Indian railways have targeted to generate 1000 MW by 2021.
  This vision was stressed upon to reduce railway costs in the future and become self-sufficient by 2030. Also, with the availability of 50,000 hectare land pool, Indian railways have the potential to generate 10 GW of solar electricity.

Introducing our new section called the “Weekly Rundown”. Thisnew section is to share trending solar information.

1. India ranks first among 104 emerging markets in clean energy investment.

A recent survey conducted by BloombergNEF evaluated the ability of emerging markets to attract and ease investment process for solar power, wind, hydro, biomass and other clean energy sources while working towards a sustainable economy. The study shows India holding the largest and most competitive auctions for renewable energy power-delivery contracts. It resulted in India procuring nearly equivalent to 19GW in 2018 alone.

Followed by India, countries like Chile, Brazil, China, and Kenya are listed among the top five countries. India has progressed from second in 2018 to first because of their aggressive policy framework and solar capacity expansion.