Saturday, September 19, 2020
Home Business Rs 4 lakh crore business opportunity: Sell solar energy to grids and...

Rs 4 lakh crore business opportunity: Sell solar energy to grids and get richer

solar-cells-100445_640

By NewsGram Staff Writer

Amidst the time when the experts have started to throw in their contemplations regarding whether the Paris summit in December 2015 will “save the earth”, or will just end up as another Copenhagen, India has come up with a unique business opportunity that sees a target of setting up 100,000 MW of solar energy by 2020.

A senior government official stated that the rooftop solar projects offer a big business opportunity upto the tune of Rs. 4 lakh crore.

“Grid connected rooftop solar power is the most important sector as far as renewables are concerned. This 40,000 MW project requires an investment of up to Rs. 4 lakh crore and is a big business opportunity for all,” said Tarun Kapoor, joint secretary, ministry of new and renewable energy (MNRE), addressing a conference in the capital organized by The Energy and Resources Institute (TERI).

In regard to the system by which people who set up solar power panels on their rooftops can sell electricity back to the grid, he said that there are 20 state regulators who have issued connections whereas 17 states have issued policies for net metering.

Also an objective of achieving 100,000 MW from solar energy by 2020, 40,000 MW of which will come from rooftop solar power, has also been set by the government.

“Taking a systemic approach towards implementing this large and ambitious programme, ensuring it is a win-win for all stakeholders is critically important,” added Leena Srivastava, acting director-general of TERI.

STAY CONNECTED

19,152FansLike
362FollowersFollow
1,775FollowersFollow

Most Popular

Vidyut Jammwal Aims to Popularise Martial Art ‘Kalaripayattu’ Through Indian Cinema

Bollywood action star Vidyut Jammwal says his vision is to popularise the indigenous martial art kalaripayattu through Indian cinema. Vidyut is a trained martial artiste...

Tripura CM Biplab Deb Launch Bamboo Cookies And Honey To Boost Immunity

Tripura Chief Minister Biplab Kumar Deb on Friday launched bamboo cookies and bamboo made honey bottles that will help in boosting people's immunity and...

99% Of Bollywood On Drugs Is An Incorrect Generalisation: Actress Shweta Tripathi

Actress Shweta Tripathi says the claim by Kangana Ranaut that 99 per cent of Bollywood is on drugs is an incorrect generalisation, adding that...

Neglected Children More Likely To Have Teen Pregnancy: Study

Researchers have found that children who experience neglect are seven times more likely than other abuse victims to have a teen pregnancy. The study, published...

Sakharam Binder: Play That Explores Idea Of Censorship

Back in the early 1970s, Marathi playwright Vijay Tendulkar's play 'Sakharam Binder' -- which features the character of a bookbinder who 'takes in' women...

Patients With Covid-19 Likely To Diagnose With A Heart Stroke

Researchers have found that Covid-19 may be diagnosed on the same emergency scans intended to diagnose stroke. The findings published in the American Journal of...

Asian-Americans Experience Increased Racism Since Covid-19: Report

A report released by a US civil rights group showed Asian-Americans have experienced increased racism since the Covid-19 pandemic hit the country more than...

Hair Tips By Actress Kajol

Actress Kajol has often sported bouncy curls, and it is not too difficult to have hair like hers, she assures. Sharing a candid photo taken...

Recent Comments

Donate to NewsGram to support quality journalism.
x