If the largest photovoltaic plant in the world has just inaugurated a 2 GW macro-installation in Pavagada, hence the 100 GW of solar energy committed by the Prime Minister, Narendra Modi, by 2022, there is a section. To cut it short, in addition to large-scale betting, one of the keys is in rooftop solar installations. The booming market is starting to attract the interest of small and medium-sized entrepreneurs.
“Rooftop solar energy for businesses and industries it is cheaper than supplying via the electrical network“. The reasons for this dynamic are explained by Orb Energy, an Indian company specializing precisely in providing solutions for solar energy. Its panels are manufactured there, in Bangalore, and there are already 100 technicians deploying these solutions throughout the Asian giant.
And it is that the role of photovoltaic installations on the roofs will be important. If measured in money, it is estimated that the investment that will need to be put on the table in this area for India to reach the announced target will be around $ 23,000 million. If the importance is measured in weight compared to the total of these 100 GW of solar energy expected in the years to come, he should contribute 40%.
Data is provided by Bloomberg New Energy Finance (BNEF) in a study in which, however, he highlights how far the country is from the stated goal. This also includes 75 GW additional between wind power, bioenergy and hydropower. Today, India represents around 60 GW, compared to 175 committed from own sources.
In this context, small-scale solar installations should develop and play their role. “Rooftop solar power will inevitably increase, with or without the support of power companies”. This is provided by Shantanu Jaiswal, Head of Research at BNEF in India. Online, its counterpart in the Asia-Pacific region emphasizes the opportunities this offers to electricity distribution companies. “To diversify and open new business sectors, or lose customers to developers of solar installations “, are the possible options, synthesize.
A crucial aspect of what’s to come is the claim by Indian solar technology company Orb Energy. It’s not marketing, it’s real. While the average price of electricity is increasing at a double-digit rate (22%), that of electricity produced by photovoltaic installations has halved in five years. “Electricity produced by small-scale solar installations is cheaper than commercial and industrial tariffs in all major states in India.”says Bloomberg New Energy Finance.
Therefore, local businessmen see photovoltaics as a more cost-effective alternative to grid-supplied electricity, which, in addition to being expensive, is often erratic. “Solar energy costs us only a third and reduced our expenditure on diesel, as an alternative to grid failure “. These are the motivations shared with Rakshith Kunder, one of the many Indian businessmen who are starting to bet on photovoltaics. Renewable energy world. The initiative of this entrepreneur, who plans to get half of the 2 MW he needs to run his business from solar energy, is not isolated. “These companies were limited by their knowledge of the technology and their ability to secure an initial investment, but these issues are being resolved.” The reasons given by the BNEF expert, Shantanu Jaiswal, reinforce the confidence that it will evolve towards these 40 GW of capacity thanks to the photovoltaic on the roofs. Its contribution to India’s energy transition is only exceeded by large solar and wind installations, which are expected to total up to 60 GW each.