Residential PV

Tata Power Solar ties up with 20+ leading financial institutions, financing up to 85% of the addressable order book. It has facilitated solar financing for over 2,200 commercial and industrial customers till date.

New research from Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has shown that combining rooftop PV systems with battery storage and heat pumps can improve heat pump efficiency while reducing reliance on grid electricity.

Finance minister Nirmala Sitharaman today tabled the interim budget for FY 2024-25 in the parliament. Budget highlights include announcements about the residential rooftop solarization scheme, viability gap funding for offshore wind, and government support for EV manufacturing and charging infrastructure.

Dedicated funds for residential rooftop solar under ‘Pradhan Mantri Suryodaya Yojana’ and increased incentives for solar manufacturing MSMEs are on the wishlist of the Indian solar sector. In battery storage, players expect the inclusion of battery recycling within the PLI Scheme and continued investments in developing battery storage solutions.

Wood Mackenzie says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years. The research firm is also forecasting challenges for the solar manufacturing sector and long-awaited benefits from the Inflation Reduction Act in the United States.

Under the Pradhan Mantri Suryodaya Yojana for residential rooftop solar, the Indian government is considering an increase in the subsidy for grid-connected residential rooftop solar systems with capacities between 1-3 kW. This category of systems were offered a 40% subsidy in the previously launched scheme.

Prime minister Narendra Modi announced this week the government will launch Pradhanmantri Suryodaya Yojana with the target of installing rooftop solar on one crore (10 million) houses.

Researches in India have used the adaptive network-based fuzzy inference system (ANFIS) and the grey wolf optimization (GWO) algorithm to develop an MPPT technique that reportedly increases the PV source voltage of an array under partial shading conditions.

The French solar market grew by around 30% in 2023, reaching 3.15 GW, according to new data from Enedis. PV systems for self-consumption accounted for around one-third of all new capacity additions.

According to the manufacturer, the new Inverter Ducted Split (IDS) Ultra heat pump can provide 100% heating capacity at an outdoor temperature of -15 C and can operate down to – 25 C.