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How Demand Aggregation Can Help India Achieve Its Solar Energy Target by 2022?

Demand aggregation rooftop solar has greater scalability and offers several benefits; they need a more favorable regulatory and policy environment for rooftop solar to take off in India. Community solar also can be considered as a demand aggregation tool, which is referred to as a solar installation that is collectively owned by more than one individual, and the units generated by that system are offset in their respective accounts according to their stake in the system. This is the need of the hour for the RTPV sector in India to move closer to meet the target of 40 GW, if not for fulfilling it.

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The Ministry of New and Renewable Energy has collaborated with the World Bank and Asian Development Bank to develop a unified web portal, which will act as a one-stop destination for clearance for the consumers looking to install rooftop solar panels. Read this blog in more detail by visiting here.

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Solar installations crossed the 50 GW milestone, making India only the fifth country to achieve this. Despite achieving this landmark, India will fall short of installing the government set target of 100 GW by 2022. Read this blog in more detail by visiting here.

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Tata Power and SIDBI have joined hands to design a solar financing solution to help MSME players with financial aid without any collateral at an interest of less than 10 per cent. Tata Power said easy financing has been one of the barriers for penetration of solar in the MSME sector. Read this blog to know in detail.

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MNRE has invited the EoI (Expression of Interest) for evaluating phase – II of the grid-connected rooftop solar program. The aim of this assessment is a part of the National Solar Mission having a target of 40 GW capacities with grid-connected rooftop solar projects by 2022.

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The ease of affordable and accessible financing is one of the major hurdles in the adoption of solar power. SBI has tied up with Tata Power to launch a digital initiative 'Surya Shakti Cell' for the financing of solar power projects. Surya Shakti Cell will give impetus to solar projects financing in India. With this digital initiative, SBI will offer a complete solution at competitive rates for solar projects.

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The Unified Web Portal offers a common portal for all stakeholders involved in the process of setting up solar plants. The portal aims to digitize the entire process of application, approval, and implementation of solar rooftops in different states. In this blog, let's go through some of its important features and benefits.

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Easy and accessible financing is one of the major hurdles in the growth of rooftop solar adoption in India. To give a fillip to rooftop solar adoption and make solar financing easier, SBI has availed a line of credit from World Bank, specifically for financing the rooftop solar projects across the country. Read this article to know about the eligibility criteria and documents to avail of SBI solar rooftop loan.

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One Sun One World One Grid (GGI-OSOWOG) aims to harness abundant natural sources, catalyze the setting up of interconnectivity between electricity grids and reduce energy deprivation globally. Building and connecting solar energy grids can easily cater to all the power requirements in the world. Read this blog to know more about "One Sun One World One Grid — A Significant Initiative to Improve the Viability of Solar Power"

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MSMEs can help India in achieving its target of 40 gigawatt (GW) of rooftop solar capacity by 2022. Limited access to finance is one of the major roadblocks for MSME rooftop solar uptake in India. Dedicated financing support is key to scale up rooftop solar in SME sector in India. Read this blog to know more in detail.

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It is worth noting that various Solar Rooftop Schemes is being run by the Government of India to promote solar rooftops in the country. By installing a solar rooftop on the roof of your house, you can reduce the cost of electricity by 30 to 50 percent. Read this blog to know about rooftop solar schemes that can benefit homeowners.

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There is a consistent lack of rooftop solar policy and regulation in India and this is one of the major issues that have slowed the rate of solar adoption in India. There is no uniformity in policy and regulation. In this blog, you will learn about inconsistent rooftop solar policies and regulations hinder the growth of rooftop solar.

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Demand aggregation rooftop solar has greater scalability and offers several benefits; They need a more favorable regulatory and policy environment for rooftop solar to take off in India. Read this blog to know how it can help India achieve its solar energy target.

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To promote rooftop solar installation, SBI has availed Line of Credit from the World Bank to help set up Grid Connected Rooftop Solar Photovoltaic (GC-RSPV) projects. Under this programme, a customized financial product has been developed by SBI and terms and conditions for the purpose drawn up. In this blog, you will learn about SBI Solar Rooftop Loan and the terms and conditions to avail it.

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The curiosity of people towards solar energy is increasing continuously and to harness it, the central government is taking many measures to promote it. For this purpose, the government has started a Grid Connected Solar Rooftop Program. Under this, if you install solar panels on the roof of your house, then you get an opportunity to earn extra income. Read this blog in detail to know how the Grid Connected Solar Rooftop Program is beneficial for you.

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Prime Minister Narendra Modi and UK Prime Minister Boris Johnson have launched a ‘green grids’ initiative—the One Sun One World One Grid (OSOWOG) project—on the sidelines of the COP26 summit. The project aims to connect energy grids across borders to facilitate a faster transition to the use of renewable energy. Read this blog to know more about the 'Green Grid' initiative- One Sun One World One Grid project.

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Easy and affordable financing has been one of the barriers for penetration of Solar in the MSME sector in India. In order to address this challenge, various financing options facilitate the MSME sector to switch to rooftop solar. In this article, titled "Financing support to scale up MSME rooftop solar in India", underlined few financial barriers the sector faces in switching to the renewable energy, along with financial solutions.