Modi govt's solar plan faces three major obstacles
POWER & RENEWABLE ENERGY

Modi govt's solar plan faces three major obstacles

Lakshmi Narayan recounted how he had been among the first to embrace solar energy back in 2020. He recalled the decision to install solar panels on his roof in Bhopal, a city in India, driven by his wish to contribute to the shift away from fossil fuels toward cleaner energy sources.

Expressing his perspective, Narayan, now 60 years old, explained, "I recognized the significance of renewable energy and felt it should be adopted universally." He mentioned how his initiative had inspired others in the capital of Madhya Pradesh, prompting them to follow suit.

A new government initiative, revealed ahead of the nationwide elections in April, aimed to further promote the adoption of solar energy. This initiative, introduced in February, allocated Rs 75 billion in subsidies to facilitate the installation of grid-connected rooftop solar systems on approximately 10 million residences. This would enable consumers to lower their electricity expenses during sunny periods and even sell surplus power to the grid for additional income.

The goal of this program was to generate 30 gigawatts (GW) of solar capacity in households, resulting in a reduction of 720 million tonnes of CO2 equivalent emissions over the 25-year lifespan of the rooftop systems.

Prime Minister Narendra Modi outlined his aspirations during a televised interview in April, expressing, "I have three objectives: to ensure every household's electricity bill becomes zero, to enable the sale of excess electricity for profit, and to foster self-sufficiency in India's energy sector as we transition to the era of electric vehicles."

To streamline the process, previously intricate and fragmented, the government had introduced a single online platform to facilitate applications and installations. Subsidies were now directly deposited into individuals' bank accounts, simplifying the entire procedure.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Lakshmi Narayan recounted how he had been among the first to embrace solar energy back in 2020. He recalled the decision to install solar panels on his roof in Bhopal, a city in India, driven by his wish to contribute to the shift away from fossil fuels toward cleaner energy sources. Expressing his perspective, Narayan, now 60 years old, explained, I recognized the significance of renewable energy and felt it should be adopted universally. He mentioned how his initiative had inspired others in the capital of Madhya Pradesh, prompting them to follow suit. A new government initiative, revealed ahead of the nationwide elections in April, aimed to further promote the adoption of solar energy. This initiative, introduced in February, allocated Rs 75 billion in subsidies to facilitate the installation of grid-connected rooftop solar systems on approximately 10 million residences. This would enable consumers to lower their electricity expenses during sunny periods and even sell surplus power to the grid for additional income. The goal of this program was to generate 30 gigawatts (GW) of solar capacity in households, resulting in a reduction of 720 million tonnes of CO2 equivalent emissions over the 25-year lifespan of the rooftop systems. Prime Minister Narendra Modi outlined his aspirations during a televised interview in April, expressing, I have three objectives: to ensure every household's electricity bill becomes zero, to enable the sale of excess electricity for profit, and to foster self-sufficiency in India's energy sector as we transition to the era of electric vehicles. To streamline the process, previously intricate and fragmented, the government had introduced a single online platform to facilitate applications and installations. Subsidies were now directly deposited into individuals' bank accounts, simplifying the entire procedure.

Next Story
Resources

Tata Hitachi showcases ZAXIS 38U, SHINRAI Prime

Tata Hitachi, a pioneer in the construction and mining equipment industry, made a notable presence at the 14th Roads and Highways Sustainable Technologies and Advancement (RAHSTA) Expo, which took place at the Jio World Convention Centre in Mumbai. The company showcased its latest advancement, the newly-launched ZAXIS 38U (3.5 tonne mini excavator) and the SHINRAI Prime (backhoe loader). The ZAXIS 38U is a compact and versatile mini excavator, designed specifically to meet the evolving needs of the Indian construction sector. This machine, featuring a short tail swing radius, is engineered to ..

Next Story
Infrastructure Urban

Vedanta’s Hindustan Zinc and IIT Madras to develop zinc-air battery

Vedanta Group's Hindustan Zinc, India's largest and the world’s second-largest integrated zinc producer, has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Madras (IIT Madras). The company stated that this strategic collaboration is focused on developing a pioneering 1 kWh electrically rechargeable zinc-air battery prototype, emphasizing the shared commitment of both institutions to advancing sustainable energy solutions. Although lithium-ion batteries currently dominate the market, challenges such as high costs, limited resource availability, and safety..

Next Story
Infrastructure Energy

Wind energy at a critical juncture, industry urges policy support for 2030

India's wind energy sector is at a critical juncture, with industry leaders emphasizing the need for consistent policy support to establish the country as a global leader in renewable energy production. On Thursday, JP Chalasani, CEO of Suzlon Group, highlighted that India is in a transformative phase for wind energy. He noted that with consistent policies supporting domestic manufacturing and innovation—such as enhancing RLMM requirements—India has the potential to emerge as a global hub for renewable energy production. India’s installed wind energy capacity currently exceeds 48 gigawa..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000