March 13, 2024: India has given the inexperienced gentle to put in rooftop photo voltaic methods in a single million houses, as a part of a backed program the renewables business says will increase funding in battery storage and good vitality infrastructure throughout the nation.
India’s cupboard authorized the scheme on February 29, simply days after the nation’s Gujurat state hosted the Smarter E India/Intersolar India 2024 and related conferences together with EES India — organized by Messe Muenchen India, Photo voltaic Promotion Worldwide and Freiburg Administration and Advertising Worldwide.
Beneath the scheme, the federal government stated collateral-free low-interest loans will probably be provided to purchase the photo voltaic methods, with purchasers in a position to promote surplus electrical energy to energy distribution corporations.
The three-day Smarter E India and related conferences closed on February 23. Organizers stated greater than 65% of exhibitors got here from the manufacturing facet of photo voltaic, vitality storage, inexperienced hydrogen and electrical mobility sectors.
Bhupinder Singh, CEO of Messe Muenchen India, stated corporations concerned within the solar-storage and renewables provide chain was prepared to assist India to attain scale and influence in manufacturing for the photo voltaic rooftops initiative and a ramping up of good vitality methods throughout the nation.
Picture: Photo voltaic Promotional Worldwide