Program aims to drive down the cost of solar electricity to a maximum of Rs2.50/kWh in a nation where tariffs vary wildly from state to state.
The Indian capital has so far installed only 146 MW of rooftop solar capacity, against year 2019 target of 606 MW set under the Delhi Solar Policy. The slow growth is primarily due to certain myths among consumers which need to be debunked with better installer-consumer connect—says Delhi Solar Campaigner Sandeep Dahiya who currently leads the 100% UP, SeeNow, Energy & Power Sector reform work in India as a Campaigner at Purpose Climate Lab.
The investment—part of a $592 million assistance package—will be used to promote adoption of smart meters, distributed solar photovoltaic systems and e-vehicles in India.
Clean energy investment across 104 emerging markets fell sharply by $36 billion in year 2018 from the previous year, even as their coal burn surged approximately 500 terawatt hours to a record high of 6.9 thousand terawatt-hours. Though the decline in clean energy investments was driven largely by China, inflows to India and Brazil also slipped by $2.4 billion and $2.7 billion, respectively. India, however, emerged as the market with greatest renewables potential.
These LED streetlights—installed under the world’s largest streetlight replacement programme being implemented by state-owned Energy Efficiency Services Ltd (EESL)—have helped the country to reduce its greenhouse gas emission by 4.63 million tonnes annually.
The prime minister also underlined that global actions to tackle climate change are not enough, and called for mass movement to bring about behavioural change.
A memorandum of understanding signed by the institutions was not solar specific but the use of PV modules for shading, especially in agriculture, can reduce water consumption and help halt the expansion of deserts.
Technical consultancy DNV GL has published its Energy Transition Outlook 2019. While the electric vehicle, storage and renewable energy industries are likely to see significant rises in demand, the sobering conclusion is the world will miss carbon reduction targets by a long shot.
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