- Ambitious Goal: Government aims to install 175 GW of rooftop solar by 2027, nearly 15 times the current capacity (12 GW).
- Multiple Initiatives:Subsidies: Financial assistance through schemes like PM KUSUM and state-level programs
Net
metering: Allowing consumers to offset their electricity bills by selling excess solar energy to the grid.
Loan
schemes: Lower interest rates on loans for rooftop solar installations.Awareness campaigns: Educating citizens about the benefits of clean energy.
- Benefits:Reduce reliance on fossil fuels: Contribute to India's climate change goals.Lower electricity bills: Consumers can save money on their energy costs.Increased energy security: Less dependence on imported energy sources.Job creation: Boost the solar industry and create new employment opportunities.
- Challenges:High upfront cost: Installation costs can be prohibitive for some households.Lack of awareness: Many people may not be aware of the benefits or available schemes.Regulatory hurdles: Complexities in net metering regulations and permitting processes.
- Future Outlook:Government and industry stakeholders are working to address the challenges.Technological advancements and cost reductions can make rooftop solar more accessible.Increasing awareness and promoting success stories can drive wider adoption.
- Significant Growth: India's solar exports have grown rapidly in recent years, making it a leading global player. This growth contributes to global decarbonization efforts.
- Technological Innovation: Indian companies are developing and exporting cutting-edge solar technologies, making the industry more competitive and efficient.
- Job Creation: The solar export industry generates significant employment opportunities in India, contributing to its economic development.
- Cost Competitiveness: Indian solar products are known for their affordability, making clean energy more accessible to developing countries.
- Policy Support Needed: Despite their achievements, Indian solar exporters face challenges such as access to finance, trade barriers, and inconsistent policies. They deserve more support from the government and international community.
- Land acquisition challenges: This was the primary factor behind the slowdown, with large-scale solar projects facing delays and extensions due to difficulties securing land.
- Transmission and connectivity issues: Lack of adequate transmission infrastructure and grid connectivity created hurdles for new projects.
- Policy uncertainties: Changes in policies and regulations, such as the introduction of "facilitation charges" for open access projects, might have discouraged some investors.
