Indian Solar Rooftop Market Trend and Opportunity.
Let me start with an example of how telecommunication Industry especially Mobile phones have become affordable to all comprising all type of wellbeing i.e. Businessman, Shopkeeper, Middle-Income farmers and Rickshaw hacker Everybody having at least one mobile phone. This happens due to Scalability of Technology, scalability reduces Electronics component processing & assembly cost and also by lucrative market captured by Cell phone Companies. Of course, Billion Population of India is always a bucket full of opportunity for Opportunist, Investors
That’s how the same, Indian Solar Rooftop market is moving forward. Grid Outage, Long hours power cut, Increasing Diesel prices, Peaking Energy charges, lack of Good Quality of Power and Distributed adaptable nature of PV power has given the high impact to the growth of Solar rooftop Market, Besides these element market-driven policies Net metering, Central Financial Assistant in form of subsidy, the state-specific scheme also given a boost in Solar Rooftop market. Currently, with a capacity of 285 MW, Solar rooftop projects have been commissioned till October 2014, which share the 10.30 % of total installed capacity of Grid-connected Solar Pv power across India. The lucrative Public-Private Partnership model for promoting Solar Energy, the Govt. of Gujarat started in the year 2009 then all other states, Solar Energy Corporation of India has started promoting solar in various form. According to KPMG, the market potential of Solar Rooftop is having the potential of 4000-5000 MW up to the year 2017-18.
The MNRE, Govt. of India with help of SECI has an ambitious plant to install the 40,000 MW grid-connected solar Rooftop in Next 5 Years. The installation will tap, residential consumer, Commercial building i..e warehouse, Shopping malls, Hospital, Industrial Consumer, Institutions, PSU’s buildings and their residence, PWD buildings for installation of Solar Power plant.
Another side of the massive growth of Solar rooftop power the Government, Ministry of New and Renewable Energy must address the issue of grid connectivity approvals and respective orders, policy regime, technical facilitation to state nodal agency, SEBs and their respective zones, state-specific policies to promote solar rooftop in other than 9 states.
The Un-availability of Energy access to the rural economy, Untapped massive roofs, Unreliable grid power and plenty of sunshine of more than 300 days make India a better place to invest in solar rooftop market.
According to Bridge to India and due presence of Gensol across all states, major chunk installation of the grid-connected solar plant has been carried out in residential sector than commercial and industrial. The 40 % solar capacity (approx.112 MW) has been commissioned.
In the Residential sector. Other Than Residential Sector Gensol Is currently focusing on Industrial sector which almost has achieved commercial Grid Parity and Diesel parity which tariff more than INR 7.50. This sector has no ore required dependency on subsidy of MNRE.
Other than these The Inverter technology, machinery, component, Software has given a positive move to penetrate the Solar Power up to 60-70 % with DG capacity.
Currently, the Grid connected rooftop solar plant has a total installed capacity of approximately 285 MW comprising approximately 97 MW commercial, 76 MW industrial and remain 112 MW in the residential sector. We are expecting that India will add up 1000 MW-1500 MW capacity in Grid-connected Solar Rooftop.
If you look at the funding patter to go solar are Central Financial incentive under Solar Mission, Private Equity, Debt from Financial Institute Banks. Recently MNRE has announced loan scheme and circulates a GO to All nationalized bank to provide a loan of the installation of grid-connected solar rooftop plant. These financial initiatives will be added on for achieving the ambitious rooftop plant in a scalable manner.
The state-specific policies for rooftop, Net metering facility, single-window clearance for connectivity and other approvals, Facilitation of technology to SEBs representatives Executive Engineers, JE and lineman level need to be addressed for successfully scaling up plan in every state of India.
Other than this lucrative financial schemes like Gramin Shakti financial model, promoting Public-Private Partnership will be more beneficial and provide easiness for scaling up the plans in more realistic ways.
Let’s hope India will make the position in top 5 Solar Power producer country in the World and one day surpass leading Germany.
