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We are honoured to have missionary investors backing us in this journey. And when it comes to missionary climate tech investors in India there is none quite like Rainmatter by Zerodha.
Thank you for investing in climate first and India first entrepreneurs Nithin KamathDinesh Pai
India has immense potential for rooftop solar energy. However, only a small fraction of suitable homes have currently adopted solar panels. This presents a significant opportunity for growth and electricity bill reduction.
Co-founder of SolarSquare Energy, Shreya Mishra, shares insights into the solar industry and reveals how their initiatives have helped Indians save Rs. 40 crore in electricity bills.
The Solar sector is experiencing a significant boom in India.
And one company poised to benefit the most is Waaree energies.
Why?
⚡Waaree is currently India's largest Solar module manufacturer, with a combined capacity of 13.3 GW.
⚡ The Company is setting up a 6 GW integrated factory to produce solar cells, ingots , wafer & Modules.
⚡ Over 60% of its revenue comes from exports, with the U.S as its largest.
In a country like India, where the sun shines for nearly 300 days a year, solar energy is one of the best ways to generate power.
Waaree is well-positioned to emerge as a leader in this sector.
In our recent poll, we asked you if you knew which Indian state topped the solar open-access installations in India in 2023. The Answer is Karnataka.
According to recent research, Karnataka led the solar open-access installation in CY 2023, accounting for 27.9% of the total capacity. As one of the fastest-growing economies in the country, Karnataka is taking the lead in the adoption of clean energy across industry verticals.
At SunSource Energy we have been quick to understand the growing demand for solar power and have established a significant footprint in the state. Our open access project in the state is helping several leading corporates with their clean energy requirements.
To learn more about how we can help you with your energy transition, write to us at energytransition@sunsource-energy.com.
#PollResult#SolarEnergy#OpenAccessSolar
𝐀 𝐒𝐭𝐞𝐩-𝐛𝐲-𝐒𝐭𝐞𝐩 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐀𝐩𝐩𝐥𝐲𝐢𝐧𝐠 𝐟𝐨𝐫 𝐚 𝐒𝐨𝐥𝐚𝐫 𝐑𝐨𝐨𝐟𝐭𝐨𝐩 𝐒𝐮𝐛𝐬𝐢𝐝𝐲 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚
As we navigate towards a more sustainable future, the shift to renewable energy sources becomes increasingly crucial.
Solar energy, with its vast potential, is a key player in this transition. Recognizing this, the Indian government offers subsidies for rooftop solar installations, making it more accessible for residential consumers.
However, many are unsure about how to avail these benefits. Let's break down the process into simple steps how you can apply for a solar rooftop subsidy in India:
Axitec Energy India Pvt. Ltd.RAYZON SOLAR PVT. LTD.EVVO SolarAnjali PandeyCE Nisha Goswami FIE (INDIA)Dev kumar Das#SolarEnergy#RenewableEnergy#Sustainability#CleanEnergy#india
Pakistan's installed capacity for power generation is around 40,000 (MW). During summer, Pakistan's electricity demand typically ranges from 22,000 to 25,000 MW, while it decreases to around 10,000 MW in winters. However, the disparity between production and demand is widening due to the increasing adoption of solar energy by both households and industries. Many independent power producers (IPPs) remain idle due to the high tariff costs associated with imported fuel. Despite their non-production, IPPs still receive capacity payments, which are dollar-based. Meanwhile, Pakistan's power transmission and distribution infrastructure suffer from inefficiencies and losses. These losses occur during the transmission and distribution of electricity from power plants to end-users due to technical issues, theft, and illegal connections. Additionally, while approximately 10,000 MW of projects are in the pipeline. Pakistan is increasing its production capacity while demand is decreasing, but there is a lack of focus on improving the transmission and distribution system.
Value Investor - CEO & Founder ARN Financial Advisors
To promote rooftop solar, India 🇮🇳🇮🇳 is offering $9Bn subsidies so that renewable energy is installed on 10 million homes and consumers can earn a good payback ✅✅
In Pakistan, due to 25% losses and non-bills recovery, we are thinking of how to limit low cost rooftop solar.
Power sector is a mess & it has the potential to take down entire 🇵🇰🇵🇰 economy. Only two solutions:
- End single buyer model.
- Privatize DISCOs.
Renewable Entrepreneur with LSE Listing | Fortune 40u40 | Asia's Most Influential Women in Renewable Energy | Public Speaker | Climate Tech | NetZero Advocate | IITD | BCG
🌞 Solar Energy: From Skepticism to Revolution 🌞
Can solar energy truly overcome intermittency? Can it be firm 24-hour power, solve India’s energy security, and remain low-cost even with storage? 🤔
To all the skeptics, my response is simple: remember 2009. Back then, when India had barely any solar installations, the same doubts were raised—questions about whether solar could work in our heat and dust, whether the technology was feasible, and if the costs were too prohibitive.
Fast forward to today, and we’ve blown past the original target of 20 GW set by the National Solar Mission by 2022. Instead, we’ve achieved 85 GW of solar power, placing India 5th globally in solar installed capacity! 🌍🚀
The Solar Renaissance is at its peak, and solar energy is leading the charge, not just toward India’s NetZero goals, but also in delivering low-cost, 24-hour power.
A revolution is brewing. 🔥
Read my detailed views in Energetica India Magazine. [Link Below]
#SolarEnergy#RenewableEnergy#NetZero#SolarRenaissance
How Much Does it Cost to Install a Solar Plant in India (2024)?
Solar power is an excellent investment in India, offering a wealth of long-term benefits. While the upfront cost can be a consideration, it's important to understand the factors involved and the potential payback.
Home Solar Costs in India.
The price of installing a solar system depends on your energy needs. Here's a starting point:
Small system (1 kW): ₹65,000 - ₹85,000.
Medium system (3 kW): ₹1,50,000 - ₹1,70,000.
Factors Affecting Price:
System size: Bigger system = more power = higher cost
Panel efficiency: High-efficiency panels offer better cost-to-power ratios.
Installation: Complex work adds to the expense.
The Financial Benefits
Lower electricity bills: Offset high energy costs with sunshine.
Government subsidies: Reduce upfront investment costs.
Low maintenance: Minimal upkeep adds to savings.
Is Solar Worth It?
A solar system can pay for itself in a few years through electricity savings. After that, it's like free energy! Consider the long-term financial gains and the environmental benefits before making your decision.
Ready to Go Solar?
Let the Planet of Energy be your guide to a brighter, greener future.
Our comprehensive services include content creation, project development, operations & maintenance, and client consulting.
Visit our Page today to learn how you can harness the power of renewables and start saving! 💡🌱
#SolarPowerIndia#IndiaSolar#SolarEnergyIndia#GoSolar#SolarPanels#RenewableEnergy#SolarSavings#SolarInvestment#SaveMoneyWithSolar#BeatTheBills#FutureProofYourHome#SustainableLiving#RooftopSolarIndia#pmsuryayojana
Tata Power Solar Systems Limited (TPSSL), a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), announced its strategic partnership with Indian Bank to support the adoption of solar rooftop among residential consumers. The collaboration aims to facilitate financing solutions under the recently announced Pradhan Mantri Surya Ghar Muft Bijli Yojana for installations up to 3 KW, as well as extend support for installations ranging from 3 to 10 KW under the regular scheme.
Under the framework of the #PMSuryaGharMuftBijliYojana initiative, residential consumers can avail loans up to Rs. 2 lakh at an annual interest rate of 7%, in compliance with government regulations. With a nominal margin money requirement of 10% and collateral-free financing, homeowners can embark on their solar journey with ease. Furthermore, the tenure for repayment extends up to 10 years, offering flexibility and convenience.
READ the full report at comments section.
TATA Power | Deepesh Nanda | Vikas Kumar | Jyoti Kumar Bansal | Siddharth Gaur | Ankita Chowdhury#TataPower#Solar
☀️ India Sets a New Benchmark with Record Solar Power Capacity in 2024! 🌍⚡
In a remarkable leap toward a sustainable future, India has added a staggering 15 GW of solar power in just the first half of 2024 — a 282% surge, marking the highest-ever half-yearly installation! 🚀🔋
🏆 Key Highlights:
87.2 GW of total installed solar capacity, now making up 19.5% of India's energy mix.
A robust pipeline of 146 GW large-scale solar projects, with another 104 GW in the tendering process.
Rajasthan, Gujarat, and Karnataka lead the way, showcasing their commitment to a green energy future. 🌱
As a global leader in the Energy Transition, India is charging ahead toward its ambitious goal of 500 GW of renewable energy by 2030. 🇮🇳
Let's continue driving innovation and collaboration to power a greener tomorrow! 🌞
#SolarEnergy#RenewableEnergy#GreenEnergy#SustainableFuture#EnergyTransition#India#SolarPower#ClimateAction#CleanEnergy#NetZero#Innovation#GreenGrowth#Sustainabilityhttps://lnkd.in/ehRmGUer
At Amit Company, we know that there are many myths around solar energy, especially when it comes to large-scale installations.
As we work with businesses across India, we’ve come across a few common misconceptions that can hold companies back from adopting solar power.
Here’s the truth behind some of the most common myths:
🔋 Myth 1: Solar energy is too expensive for big companies.
➡️ Fact 1: Solar is a long-term investment. Once installed, it significantly reduces energy bills and lowers maintenance costs, saving money over time.
🌞 Myth 2: Solar panels only work in sunny areas.
➡️ Fact 2: Solar panels work efficiently even in overcast or cloudy conditions, capturing sunlight from all angles.
💼 Myth 3: Solar installations are too complex and difficult to manage.
➡️ Fact 3: From planning to installation, our expert team handles everything, ensuring a smooth and seamless transition to solar for your business.
At Amit Company, we simplify the process, making it easier for large businesses to make the switch to sustainable energy.
#SolarEnergy#AmitCompany
