The government of India has approved central financial support of more than Rs46,000 crore by 2022 to promote solar among farmers and in the residential sector. The KUSUM scheme for farmers has been allocated Rs34,422 crore and the rooftop solar program Rs11,814 crore.
The PV system was launched recently by The Energy and Resources Institute (TERI), in partnership with STEAG Energy Services. It can provide 24-hour electricity even without grid connection, and is expected to generate around 10,000 kWh annually.
The National Solar Energy Federation Of India says the recent decision to exclude commercial and industrial premises, as well as public buildings, from self consumption remuneration unfairly penalizes businesses and public bodies which have gone down the solar path.
Owing to the general elections this year, little progress on the policy front is expected in the near term, according to the report.
Considering the remarkable advances made by the solar sector since the Rio ‘Earth Summit’ of 1992, PV was notable by its absence at the Convention of Parties climate change summit held by the UN in Poland.
The last 10 years have seen India emerge as a solar superpower, setting an example from which many emerging countries in Africa and Southeast Asia are eager to learn.
Tamil Nadu government has unveiled a new solar energy policy 2019 that aims at generating 9 GW for the state by 2022. The policy would be applicable to projects, programmes and installations relating to both solar PV and thermal energy, including utility as well as consumer categories.
Reaffirming Indian government’s commitment to promote renewable energy, Interim Finance Minister Piyush Goyal laid emphasis on the need for increased use of electric vehicles and new-age energy solutions. He also highlighted that the Indian government would meet its target of universal household electrification by the end of March 2019.
The test facility, to be set up by the Maxop Research and Testing Institute, will be capable of testing solar water pumping systems and other solar products in compliance with Bureau of Indian Standards guidelines and international standards.
The nation still managed to attract around $11.1 billion for renewable energy in 2018, to be the world’s fifth most attractive destination for funds, according to new figures compiled by BloombergNEF.
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