Introducing our new section called the “Weekly Rundown”. Thisnew section is to share trending solar information.
- 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.
- Karnataka’s solar park is now fully operational, making it the world’s largest solar installation.
The Pavagada Solar Park in Tumakuru district, Karnataka has now become entirely operational. The project was undertaken by the Karnataka Solar Park Development Corporation Limited (KSPDCL) which is a joint venture between Karnataka Renewable Energy (KREDL) and Solar Energy Corporation of India (SECI).
The commerce and industry minister Mr. Piyush Goyal claims that the new park will generate 2050 MW of solar electricity. Developed on land leased from drought hit farming lands, the land is being leased from the farmers and will add to their income.
- Bangalore rooftop solar installation has the potential to generate 2500MW
A Bescom survey recently claimed that approximately 1.4 lakh Bangalore rooftops have the potential to generate 2500 MW of solar electricity. The analysis was conducted using aerial light detection and ranging technology across 1,176 sq. km in the city.
While the city has set an ambitious target of achieving 2400 MW on-grid rooftop solar installations by 2021, they have only managed to achieve 205 MW by July 2019.To encourage investments, Bescomwill soon allow investors to lease domestic consumers rooftops for solar installation under various business models.
This allows the investor to install, own, operate and sell the solar electricity at retail supply tariffs fixed by KERC.Bescom has also proposed a Rs. 1,275 Cr capital expenditure for hybrid rooftop solar installation with a battery storage capacity of 1060 MW.
- Govt plans to help the agricultural sector by setting up solar
The state government of Andhra Pradesh is planning to install a 10000 MW solar project to address the rising demand for reliable and economical power.Additionally, the government will be working on optimizing the power purchase cost with a mix of power from renewable, hydel, and thermal energy sources.
The state government has also allocated Rs 7779 Cr subsidy for agriculture and aquaculture despite the financial constraints.In order to live up to their vision, they have recently strengthened their manpower by hiring 175 assistant engineers and 7000 linemen.
- India needs to prioritizeon rooftop solar installation to meet 2022 targets
India set an ambitious target of achieving 100 GWsolar energy within 2 years. However, they have only managed to achieve 33 GW.India has already released a lot of tenders to achieve their targets,but study suggests that industrial and residential rooftop solar installation need to be implemented.
During this study, the Technology Informatics Design Endeavor (TIDE) and World Resource Institute (WRI) India worked with ten residential societies to understand the barriers in implementing solar PV systems. The result showed that differed opinions among society members to invest in solar power, seemed to be the major hurdle of implementation.
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