- Group Power Move: Multiple corporations band together to buy solar energy in bulk.
- Win-Win Deal: Reduces carbon footprints while locking in stable electricity costs.
- Cost-Effective Solar: Pooling demand makes large-scale renewable projects more viable.
- Sustainability Boost: Helps companies hit their ESG and clean energy goals.
- Future of Energy: Shows a growing shift toward corporate-led renewable adoption.
- Innovation: IIT-BHU spinoff P3C Technology is testing 15%-efficient perovskite solar modules.
- Validation: Undergoing testing at India’s National Institute of Solar Energy (NISE) and soon at NREL, USA.
- Production Plans: Aiming for a 60 MW manufacturing facility by 2026.
- Future Development: Working on perovskite-silicon tandem cells and anti-reflective coatings.
- Price Surge: Module prices in China have increased to RMB 0.75/W ($0.11/W).
- Market Impact: Rising demand and policy shifts are pushing prices higher.
- TOPCon & HJT Modules: Prices for advanced modules have surged the most.
- Industry Response: Developers are rushing to secure supplies before further increases.
- Massive Potential: Covering all suitable roofs with solar could generate 19,483 TWh annually.
- Fossil Fuel Replacement: This output exceeds current fossil fuel-based electricity production.
- Key Regions: East Asia and Africa identified as prime locations for expansion.
- Climate Impact: Could reduce global temperatures by 0.13°C.
- Efficiency Boost: Optimized panel angles could further improve output.
- Slow Progress: Only 8.46% of the 10 million household target met as of January 2025.
- Installation Rate: At 70,000 installations per month, the pace must increase significantly.
- Key Hurdles: Bureaucratic delays, financing issues, and grid integration challenges.
- Government Push: PM Surya Ghar Muft Bijli Yojana aims for rapid scale-up by 2027.
