Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Industry / Energy/  Harnessing the sun, one rooftop at a time
BackBack

Harnessing the sun, one rooftop at a time

The total installed capacity of rooftop solar power plants stands at around 525MW. With newer tech coming into play, the adoption rate is expected to go through the roo

Photo: Parveen Kumar/HTPremium
Photo: Parveen Kumar/HT

Mumbai: Educational institutions, commercial establishments and apartment complexes in India are increasingly tumrning to rooftop solar projects, reducing their power bills and carbon footprint.

India has an ambitious target of achieving 100GW solar power capacity by 2022, of which 40GW is expected to come from rooftop solar projects, and the rest from other large and ultra mega solar power plants.

At the Indian Institute of Technology Bombay, a rooftop solar project meets 20% of the power requirement within the campus. In late 2012, Mahindra Solar One, a Mahindra group firm, won a tender to install solar panels on the rooftops of buildings at the IIT at a cost of around 7 crore. Rooftops of 13 of the academic buildings within the campus are now fitted with solar panels. The project has a total capacity of 1MW and generates 1.5 million units of electricity in a year.

“Our power consumption is so high that whatever capacity of solar plants we put, it is always going to be less (than) actual consumption at any given time. So, whatever power we are producing, it is consumed in the campus, particularly within the academic area like classes, laboratories or offices," said Chetan Solanki, professor in the department of energy science and engineering at IIT Bombay.

Solanki said the institute has been able to save around 75 lakh in power bills since it started using solar power. The total amount of electricity bill it currently pays is 25-28 crore a year.

Solanki has also incubated a solar power company called Kwatt Solutions Pvt. Ltd at the institute’s incubation centre. So far, the firm has installed 500kW of rooftop solar panels at four educational institutes in Indore, Hyderabad and Nagpur.

Others such as the Indian Institutes of Management (IIM) in Ahmedabad and Bengaluru are also looking at installing rooftop solar power plants.

IIM Bangalore currently uses solar power to heat 60,000 litres of water daily in its hostels, management development centre and all staff quarters. It is also used to generate steam for cooking at the hostel mess, where meals for around 1,000 students are cooked every day.

“We are planning to install a 300-400 kilowatt peak (kWP) capacity solar rooftop power plant. A feasibility study in regard has already been completed," said Vasudeva M, Manager, electrical section (estates department), IIM Bangalore.

Similarly, IIM Ahmedabad is also looking at installing rooftop solar power plants at most of its new infrastructure within the campus.

Commercial buildings and offices are also plugging into solar energy. Many of the commercial buildings of India’s largest real estate company DLF Ltd, including three shopping malls, have been using solar power for the past three years.

Solar panels installed on the roofs of DLF’s commercial buildings have a total capacity of around 2MW and can generate an estimated electricity of about 2.5 million units a year. An official of the company said the amount of electricity generated by these solar panels currently makes up only a small portion to its total consumption—in addition, the tariff paid is almost same as grid power.

“However, going forward, we expect solar-based electricity would be cheaper by about 20-25% than grid power. Right now, higher capex has been the biggest challenge so far. But that would soon be over once new technologies comes in," a DLF official said on the condition of anonymity.

Recently, Walmart India announced a plan to install rooftop solar power plants with a total capacity of 5MW in 15 of its wholesale stores in five states. The company has tied up with Amplus Energy Solutions Pvt. Ltd for the initiative.

Mumbai-based real estate firm Lodha Group is running a pilot project using solar energy at Palava, a 4,500-acre township which it is currently developing in the Mumbai Metropolitan Reguin. The rooftop solar panels installed in their residential buildings can generate 62,000 units of electricity, which have led to savings of around 10 lakh since 2012.

“The pilot has been extremely successful, we plan to scale up to 4 lakh units (of electricity) by next year and are also evaluating setting up a solar farm," said Shaishav Dharia (regional chief executive officer), Lodha Group.

Besides, residences, malls and other commercial establishments, office buildings are trying to harness solar energy and bring down the cost of their daily operation. For instance, 60% of the rural branches (around 150) of non-banking financial company (NBFC) Fullerton India have started using solar power since the past three-four years.

“We are the only NBFC in India that uses solar energy to power our branches, eliminating the need for diesel-powered generator back-up. As of December 2015, the company has saved 116,000 litres of diesel," said Rakesh Makkar, (executive vice-president and head of urban and rural business), Fullerton India.

The company plans to add solar energy systems at another 36 of its rural branches by the first half of 2016.

While industry experts said the current phenomenon is “just a tip of the iceberg", it is expected to pick up as newer technologies enter the space and with the government encouraging to use solar energy by providing subsidies and tax incentives.

As per a report by Bridge to India, a consulting and knowledge services provider, the total installed capacity of rooftop solar power plants stands at around 525MW as of 31 October 2015. Of the total, the industrial segment uses about 210MW, followed by commercial and residences with 172MW and 143MW, respectively.

“Adoption rate of rooftop solar power plant is somewhat modest at the moment. It is slightly on the slower side as people take time to spare cash or budget separately for this kind of venture. Nonetheless, it is growing pretty strong. Economics are in their favour mainly," said Kameshwar Rao, leader (energy utilities and mining), PwC India, a research and consulting firm.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 06 Jun 2016, 01:56 AM IST
Next Story footLogo
Recommended For You
Energy Stocks
₹1,815.85-0.21%
₹166.51.53%
₹609.35-1.3%
₹88.932.52%
₹361.35-0.54%
Switch to the Mint app for fast and personalized news - Get App