Solar Power Sector in India to Benefit from “Rent a Roof” Policy

Published By : 16 Nov 2017 | Published By : QYRESEARCH

The government of India is working towards a ‘rent a roof’ plan to remain in-line with its ambitious plan of reaching a renewable energy generation capacity of 175 GW by 2022, noted Anand Kumar, secretary in the new and renewable energy ministry. The government is also working towards bidding out wind power contracts of nearly 24.5 GW capacity over the period of the next two years.

India targets to reach a target of 175 GW renewable energy capacity by the year 2022. Of this, 100 GW is expected to come from solar power – 60 GW from grid-connected, ground-mounted solar projects and 40 GW from rooftop projects. Wind power is expected to form 60 GW of the target.

While the massive grid-connected, ground-mounted solar parks in the country have encouraged investors in the recent years, the concept of solar rooftops has not gained much attention. He added that the government is planning to work out a new framework on the rent a roof programme wherein developers will rent out rooftops, offer lease to house-owners, and feed the generated power to the grid.

This development comes in the background of the country’s budding net-metering market. Net-metering systems charge consumers for electricity consumed after the power generated from one’s solar rooftop systems being supplied to the grid is deducted from the total power consumed. With nearly 300 sunny days every year, the country has a huge growth opportunity in the solar power sector and this step could help the solar sector take a step ahead in reaching its expected capacity in the next few years.

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