InvestorsHub Logo
Followers 25
Posts 4074
Boards Moderated 0
Alias Born 01/18/2014

Re: None

Sunday, 08/14/2016 1:47:37 AM

Sunday, August 14, 2016 1:47:37 AM

Post# of 63559
Sun power: a new solar policy has risen
By Pallavi Rebbapragada
Published: 14th Aug 2016 08:36:49 AM


http://www.newindianexpress.com/thesundaystandard/Sun-power-a-new-solar-policy-has-risen/2016/08/14/article3578437.ece

NEW DELHI: “We have this handy fusion reactor in the sky called the sun, you don’t have to do anything, it just works.” Anand Srivastava reiterates this Elon Musk quote to himself and to everyone around him.

This electrical engineer from IIT-Delhi is the co-founder of SunSure, a company that builds solar energy assets for industry, commercial and utility sectors. He left his job at JP Morgan in Brazil to work towards developing the solar sector in India. Entrepreneurs like him, with plans of solar-electrifying villages and making urban homes sustainable, fight structured norms that can’t tap the potential of the alternative energy source. For instance, as Anand puts it, the lack of tax exemptions on equipment increases the building cost and makes the pricing uncompetitive. The government also imposes an eligibility criterion that only a company with an annual turnover of a crore can secure their orders, thereby slashing scope of innovation.

“Why don’t offer financing for a solar installation, like they do for cars,” asks Jasmeet Khurana, a Market Intelligence Consultant at solar consultancy Bridge to India. The Ministry of New and Renewable Energy offers a 30 per cent subsidy to domestic consumers. “But people don’t know how and where to apply and are also unaware that they can’t apply for one after having installed the system,” says Khurana. Delhi has 300 sunny days and the rooftop space available for solar panels is estimated to be 31 sq/km, giving Delhi a solar energy potential of 2500 MWp2. The cabinet approved Delhi’s Solar Energy Policy in June. It aims to make Delhi a solar city through generation of 1,000 megawatt of power by 2020. Rajneesh Srivastava, who heads energy efficiency and renewal energy management centre, Department of Power, Govt of NCT of Delhi, says the new solar policy is going to facilitate group and virtual net-metering.

In the former, if one has high-connected load in one house but no space, panels can be set up on another property where there is less load and both places can draw power from the same grid without any transportation charge. In virtual net-metering, public buildings that don’t have much connected load can install solar panels on your behalf. It will be mandatory for all government buildings with a minimum shadow free rooftop area of 500 m2 to install a solar PV plant. Also, a plant that is up to 3 meters won’t be considered an addition to the height of the building and won’t be taxed.

Namit Arora, member of the Delhi Dialogue Commission think tank, says the net-metering laws passed by Delhi will help people save power and money, but they require smart metres that can only be supplied by BSES who may or may not have them. Even subsidies and generation-based incentives are given on a first-come-first-serve basis, which encourages bribery. It seems, only a handful know what the sun is really worth.