Fossil fuels are deeply tied to electricity generation, industrial operations, and transportation among other crucial sectors and cannot be easily dissociated from energy use. CSTEP focuses on a greater integration of renewables and reduction of waste energy in such sectors. This includes working with utilities to improve rooftop solar penetration, mapping potential of various renewables across the country, and analysing energy usage of MSMEs to reduce their fossil fuel consumption.

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What Are the New Market Opportunities for Indian Developers in Solar + Storage Space?

Solar-plus-storage technology is set for a promising future in India because of rapidly rising electricity demand, ambitious solar targets, higher solar penetration, and falling prices of solar and storage technologies in the nation. As of 31 March 2021, the total power generation capacity in India is 382.15 GW, of which 234.7 GW is thermal and 94.4 GW is renewable energy (RE), with nuclear and hydro accounting for the rest.

Floating Solar in India: The Now and How of It

To keep pace with India’s RE commitments, the Solar Energy Corporation of India (SECI) invited expressions of interest from prospective developers in 2017 to implement 10 GW of floating photovoltaic (FPV) systems by 2022. However, as of July 2019, India has been able to add only about 2.7 MW. Currently, large-scale projects worth ~1.7 GW are under development, which are expected to contribute significantly to the 2020 target. This includes the National Thermal Power Corporation’s (NTPC’s) 100 MW plant in Telangana, India’s largest FPV project.

What are the current challenges & future outlook about lending to rooftop solar projects?

India has set an ambitious target of 40 GW of clean energy generation through rooftop photovoltaic (RTPV) installations to be achieved by 2021–22. RTPV uptake, however, has been sluggish with only ~6.1 GW installed so far. Of this, more than 75% capacity comes from commercial and industrial consumers and the rest from residential and  public sector rooftops.

Residential Solar—Thinking beyond Capital Subsidies and Lower Equipment Costs

The Sustainable Rooftop Implementation for Solar Transfiguration of India (SRISTI) scheme was announced in early 2019. It was expected to rejuvenate the roof top photovoltaic (RTPV) sector, which by then had achieved only ~1.2 GW of the 40 GW target for 2021–22. SRISTI targeted the underserved residential category by offering attractive capital subsidies of up to 40% for 1–3 kW systems and 20% for 3–10 kW ones. The scheme also had a subsidy component of 20% for large apartment complexes and group housing societies.

Sowing the seeds of change for enhanced agricultural credit

The ongoing deliberations around the newly introduced farm laws have redrawn the nation’s focus on farmer-centric issues. Following suit, Union Finance Minister Nirmala Sitharaman announced a slew of pro-agrarian measures in the Union Budget, including an agri-credit enhancement to the tune of INR 16.5 lakh crore — highest till date. This move is expected to spur better inputs and cutting-edge technology, making farming less labour-intensive.