India’s path to becoming global leader in the renewable energy sector rests on an unexpected source — rooftop solar — notes Manoj Gopalan Nair.
India, the third largest energy-consuming country in the world, relies heavily on non-renewable or conventional energy sources. The installed capacity of conventional power sources stood at nearly 242.89 GW at the end of first quarter (Q1) this year.
The country relies heavily on energy sources like coal, oil, biomass, natural gas with coal contributing around 55 per cent. However India is set to face a coal shortage owing to the rising demand for power. The coal supply is expected to drop 42.5 million tonnes short of demand in the September quarter which is 15 per cent higher than projected. The country is also currently facing the issue of power shortages, with last October marking the highest power shortage in over five years.
To help reduce India’s reliance on fossil fuels and solve the demand-supply problem, the Indian Government has been steadily ramping up the country’s installed renewable energy capacity from sources like hydro, nuclear, solar, and wind. The country’s installed renewable energy stood at 155.26 GW at the end of Q1 this year, which accounts for a 39 per cent share of the overall installed power capacity. Solar leads as one of the primary renewable energy sources accounting for 34 per cent of the total installed renewable capacity and 13.22 per cent of India’s total installed power capacity. According to the International Energy Agency, India’s solar energy will match coal’s share in power generation mix by 2040. Let’s take a closer look at how solar is contributing to India’s energy sector.
India’s rising installed solar energy capacity owes its growth primarily to the Government’s increasing push for large scale solar projects and the growing adoption of rooftop solar. Let’s delve a little deeper to understand how each of these factors have played a significant role in driving up the use of solar energy in the country.
Also read: Solar Energy: The Answer To India’s Climate Degradation
The Government has introduced several policies and incentives to accelerate the adoption of solar energy generation in the country. These policies and incentives are targeted towards creating a robust solar energy ecosystem. Some of these policies accelerate the domestic manufacturing of solar system products while the others offer subsidies/incentives to promote large scale sustainability projects and drive up the adoption of residential rooftop solar.
Some of the key schemes that have been introduced by the Government to help drive up the adoption of solar are:
Currently, India is promoting and undertaking various large-scale sustainable power projects, with the private sector taking the lead in renewable energy investment. Adani Green recently commissioned a 390 MW wind-solar hybrid plant in Jaisalmer, Rajasthan and is considered to be the first ever sustainable power project in India. Another large scale project is the floating solar project that is set up in Thoothukudi in Tamil Nadu by Southern Petrochemical Industries Corporation Ltd (SPIC). Other companies like Tata Power has also announced its commissioning of a 100 MW solar project for Maharashtra State Electricity Distribution Company Ltd at Partur.
India’s path to becoming global leader in the renewable energy sector rests on an unexpected source, rooftop solar. As per a report by Mercom, India added 456 MW of rooftop solar capacity in the Q1 in 2022. The report also states 47 per cent of rooftop solar installations came from the industrial segment, followed by commercial, residential, and government segments. The tech advancement in the rooftop solar segment has played a pivotal role in promoting the adoption of residential rooftop solar in India. Some of these key products are:
The increase of green energy consumption, especially solar energy, in India has been tremendous in the past years. Backed by the recent advancements in technology and the government-supported policies and initiatives, India is on a game-changing path to meeting its goals of fully realizing its renewable energy potential by 2030.
About the author: Manoj Gopalan Nair is Senior Director — Sales, Enphase