The Indian government has unveiled a roadmap for achieving its 2022 renewable energy goals. It has also announced plans for a 20 GW auction to boost domestic RE manufacturing.
As of the end of September, the country’s cumulative installed PV capacity reached 7.68 GW.
The so-called “prosumer tax” was introduced in July 2015 and applies to residential PV systems not exceeding 10 kW installed under net metering.
With at least 22 GW of combined solar PV capacity, rooftop solar PV uptake and solar projects built before they have secured quota stand out as the key drivers behind increased 2017 installation forecasts in China.
Record growth continues as India installed 2,247 MW of solar projects in Q3 2017, up 15% from Q2 2017. The total installation at the end of 2017 is expected to range from 9.5 GW to 10 GW. The 7 GW solar installation in first nine months covered more than one-third of total new power capacity addition in 2017.
According to a newly released forecast by Bloomberg New Energy Finance, China is likely to install up to 54 GW of solar PV before the year is out, surpassing previous expectations.
CPI has summarized the present rooftop sector of India, its economics, and the financial facilities to the industry from government and banks. The analyst and advisory firm has presented the solutions for the current financial obstacles to the growth of rooftop solar. The team has presented two Indo-U.S. collaborative initiatives, USICEF and USICFP, with which these solutions can be implemented.
The regulation is intended to support tenants to participate in the advantages of a PV system on the roof of larger apartment buildings, up to 100 kW with a special additional tariff.
Research from the Overseas Development Institute estimates that children in developing world can gain 15 minutes extra study time a day if their homes switch from fossil fuel to solar, while households can enjoy savings of $10 per month.
Under proposed ‘rent a roof’ policy, solar developers will rent rooftop space to install a PV array and offer to lease to each household and then feed the solar power to the grid, said MNRE Secretary Anand Kumar.
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