india solar loans

Home loans and solar power

india solar loans

As part of its continuing efforts to boost solar power generation in the country, the Department of Financial Services, Union Ministry of Finance, has issued instructions to public sector banks to encourage clients seeking either home loans or home improvement loans to install rooftop solar photo voltaic plants and to include the cost of the system in their loan proposals.

This was stated in a Press Information Bureau (PIB) report, which also said that the Union Ministry for New and Renewable Energy was in the process of implementing a ‘grid-connected rooftop and small solar power plants programme’ to encourage installation of rooftop systems for solar power generation.

17 States

The PIB report said that 17 States in the country had already notified regulatory framework on net metering or feed-in tariff to encourage rooftop solar-power generation systems.

 

 

Bangladesh wants to become the world’s first “solar nation” by 2021

bangladesh_solar_powerDHAKA, Bangladesh (Thomson Reuters Foundation) – Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated by electric lights coming from a village home.

Why the surprise? The community has no connection to the country’s power grid.

The owner of the house, Rafiqul Islam, is one of around 15 million Bangladeshis whose homes are now powered by solar home systems, or SHS, under a government scheme to provide clean power to communities with no access to grid electricity.

India Gets Obama’s Backing for $160 Billion Solar Push

Indian solar gets backing from ObamaPrime Minister Narendra Modi, who pioneered India’s first solar incentives as chief minister of the western state of Gujarat, won backing from U.S. President Barack Obama for an expansion of the technology nationwide.

Without giving any detail, Obama said the U.S. will “stand ready to speed this advancement with additional financing.” The remark was made at a press conference on Sunday in New Delhi as Modi reiterated his aim for India to install by 2022 five times as many photovoltaics as the U.S. has now.

India’s ambition would require $160 billion, according to Arunabha Ghosh, chief executive officer at the New Delhi-based Council on Energy, Environment & Water. It would spread solar panels across an area the equivalent of three times the size of India’s most populous city, Mumbai, and require the government to cut back on thickets of regulation holding up projects.

 

solar canal india

Solar panels on top of canal impress U.N. chief

solar-canalU.N. Secretary-General Ban Ki-moon on Sunday praised India’s ingenuity and cutting-edge technology while dedicating Gujarat’s second canal-top 10-MW solar power project to the nation. The solar panels are arranged on top of the Vadodara branch of the Sardar Sarovar project canal, probably a first-of-its-kind project in the world to generate power.

In a brief address, Mr. Ban said he was honoured to inaugurate “this impressive project” and commended the vision of Prime Minister Narendra Modi.

Looking at the canal top, he said he saw “more than the glittering panels — he saw the future of India and the future of our world. This facility shows how one project can have multiple uses of conserving land and using renewables.”

india solar

Grid Governance: Are Solar Microgrids a Step on the Ladder Towards Grid Access?

india solar
Electrification projects in Dharnai, a village in eastern India, exemplify what can happen when public institutions and private actors fail to coordinate.

In July of this year, Greenpeace installed a solar/battery microgrid in the village of Dharnai in eastern India. The 100-kilowatt system was designed to provide power for the village’s 2,400 residents, 50 businesses, 2 schools, and other infrastructure. Greenpeace called the project “inspiring,” writing that case studies like Dharnai prove “villages can develop their own clean power and contribute to saving their environment by showing we don’t need to use nuclear, coal or other fossil fuels for energy.”

A few months later, the government utility extended the national grid and made the solar microgrid obsolete.

It’s apparently a familiar scenario in India, where extension of the central grid is “scuppering efforts to supply clean, modern energy” according to Bloomberg. “We wanted to set this up as a business model,” Bloomberg quoted Greenpeace campaigner Abhishek Pratap as saying. “Now we’re in a course correction.”

india solar power

Solar power can be the game-changer for inclusive growth

india solar power
Solar power can ease up the availability of these resources to the rural population.

With the positive intent and progressive action from the new government, the country is excited about entering a new era of growth & revolutionary transformation. This can happen faster and more effectively if the whole ecosystem is geared for it. And most important component of the ecosystem are the people, who are the primary beneficiaries as well as the key catalysts to stimulate this growth and transformation. Hence, their inclusive growth is imperative for this transformation to succeed and its benefits to accrue to the “nook and corner” of the population.

The key enabler for the inclusive growth is the availability of basic resources and tools affecting their daily life, viz, Power, Education, Transport, E-governance, Communication and Staple commodities. Today, for majority of the population, access to these resources is a big struggle and the challenge only gets bigger as we move to rural areas, where easy and abundant access to these resources is a pipe dream – only exception being the agro-products, which are produced and so available locally.

 

Lockheed Martin To Provide Nanotech-Based Structures For Canal-Top Solar Power Projects In India

520-Canal_Top_Solar_Power_PlantAfter Gujarat’s success with canal-top solar photovoltaic power plants, other Indian states are also planning large-scale implementation of similar projects.

India’s northern state of Punjab plans to set up 1,000 MW of solar PV projects to cover several kilometres of canals over the next three years. The state government has announced a target to cover 5,000 km of canals across the state. Through this program, the government hopes to generate 15% of the state’s total electricity demand.

Understandably, the construction of canal-top power plants is technically and structurally very different from rooftop or ground-based solar PV projects. The mounting structures for the solar PV modules cannot be heavy, as it could adversely impact the structural integrity of the canal itself. The structures should be easy to work with, as they are to be set up over a slope.

Delhi prepares for net metering as India rooftop PV boom predicted

520-india
India continues its “special focus” on solar energy with state rooftop policies. Image: Bridge to India Solar Rooftop Map 2015

Electricity distributors, or ‘discoms’, in Delhi have been instructed by the Delhi Electricity Regulation Commission (DERC) to bolster infrastructure for rooftop solar customers.

Two discoms owned by BSES and Tata Power Delhi have been directed to upgrade grid infrastructure as soon as possible so that rooftop solar customers can sell power they generate to the grid.

Earlier this year Delhi took the first steps towards what could potentially be a huge rooftop solar market by publishing regulations for a new net metering policy.

This will allow customers to benefit from either subsidising their own energy bills with solar energy generation, or receiving credits for supplying the grid with solar energy from rooftop solar systems.

Small rooftop solar power plants to create 3.25 lakh jobs in 10 years

solar-roofNEW DELHI: Small rooftop solar power plants alone are likely to create 3.25 lakh jobs cumulatively in the next ten years in India, says a report.

“The small rooftop scenario (sector) would contribute the most to job creation, with around 3,25,000 cumulative new jobs in next ten years,” a report by Bridge to India, a company engaged in businesses like Strategic Consulting, Market Intelligence and Project Development, said.

The supply chain for small rooftop systems would include many intermediaries, spreading margins across more layers, it said.

The report divided the solar power sector into four segments – small rooftops, large rooftops, utility scale projects and ultra mega projects.

The average size of a small rooftop solar is 3 KWp (kilowatt peak), the power achieved by a solar module under full solar radiation. The average size of a large scale rooftop is 250 KWp, utility scale project 20 MW and that of ultra mega solar scheme is 1,000 MWp or 1 GWp.

In large rooftop systems, around 2.20 lakh cumulative jobs and in the utility scale scenario around 71,000 cumulative jobs will be created in the next 10 years.

The report added that the least number of jobs will be created in the ultra mega scale category. The total number of jobs in this scenario comes to only around 63,000 in ten years.

The general policy recommendations to enable the sector to grow under any of the four scenarios is creating transparent and dependable solar policies to encourage Indian and international investment.

They also include making available better financing instruments whether related to the end-consumer or infrastructure finance, making the electricity market more competitive and transparent with respect to power tariffs and grid usage and rules.

At present, the country’s installed solar power capacity stands at about 2,600 MW. The government has plans to scale this capacity up to 20,000 MW by 2022.