Roof-top solar projects to serve residential, commercial and industrial energy needs

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Roof-top solar projects to serve residential, commercial and industrial energy needs
Roof-top solar projects to serve residential, commercial and industrial energy needs
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

On-grid or Off-grid roof top solar panel installation projects to serve energy needs of industrial clusters (including MSME manufacturing clusters across industries, food parks, etc.), residential and commercial complexes, housing societies, community centres, government organizations and private institutions. In addition to reduction in electricity costs, on-grid solar rooftop projects allow users to earn additional income by supplying extra electricity generated to the community/central grid, thereby making them eligible for generation-based incentives and USD 0.03 (INR 2) per unit of electricity generated. (8.1)

Expected Impact

Improvement in the reduction of dependency on conventional sources of electricity and benefits to residential, commercial and industrial users from savings in energy costs generated from solar rooftop projects.

How is this information gathered?
Updated: 4 Aug, 2021 Date of Production: 1 Nov, 2020
India
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
GOI targets to achieve 40 GW of solar rooftop by 2022
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Climate Action (SDG 13) Sustainable Cities and Communities (SDG 11) Responsible Consumption and Production (SDG 12) Life on Land (SDG 15)

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Sector Sources
  • 3.1 https://www.climate-change-performance-index.org/country/india#:~:text=Donate-,India,Emissions%20and%20Energy%20Use%20categories. "3.2a https://niti.gov.in/sites/default/files/2019-12/SDG-India-Index-2.0_27-Dec.pdf 3.2b https://saubhagya.gov.in/" 3.3 https://www.ibef.org/industry/renewable-energy-presentation 3.4 https://www.carbonbrief.org/analysis-indias-co2-emissions-growth-poised-to-slow-sharply-in-2019 3.5 https://energy.economictimes.indiatimes.com/energy-speak/the-future-of-renewable-energy-in-india/3016 3.6 https://inc42.com/resources/electric-vehicles-the-segment-of-choice-to-invest-in-2020/ 3.7 https://www.ibef.org/industry/renewable-energy.aspx 3.8 https://energy.economictimes.indiatimes.com/news/renewable/another-100-billion-investment-required-to-meet-175-gw-re-target-MNRE-secy/73806002 3.9 https://www.investindia.gov.in/foreign-direct-investment 3.10 https://psuwatch.com/india-36-gw-renewable-energy-target-450-gw-2030-ieefa 3.11 https://www.livemint.com/news/india/train-journeys-could-leave-zero-carbon-footprint-by-2030-here-s-how-11594684996911.html 3.12 https://energy.economictimes.indiatimes.com/energy-speak/renewable-energy-new-normal-and-impact-of-covid-19/4167#:~:text=are%20being%20observed.-,In%20India%2C%20at%20present%20power%20demand%20has%20reduced%20by%2025,40%2C000%20cr. 3.13 https://energy.economictimes.indiatimes.com/news/renewable/covid-19-re-look-clean-energy-for-resilient-india/75299079
IOA Sources
  • 8.1 https://economictimes.indiatimes.com/small-biz/productline/power-generation/solar-subsidies-government-subsidies-and-other-incentives-for-installing-rooftop-solar-system-in-india/articleshow/69338706.cms?from=mdr 8.2 https://energy.economictimes.indiatimes.com/energy-speak/why-india-needs-to-act-quickly-on-its-solar-power-ambitions/3070#:~:text=Thanks%20to%20a%20supportive%20policy,of%20India%27s%20power%20generation%20capacity. 8.3 https://www.carbonfootprint.com/india_solar_carbon_offset.html#:~:text=Since%2C%20the%20solar%20power%20is,power%20plants%20connected%20to%20the 8.5 https://niti.gov.in/sites/default/files/2019-12/SDG-India-Index-2.0_27-Dec.pdf 8.6 https://economictimes.indiatimes.com/small-biz/productline/power-generation/rooftop-solar-power-a-bright-and-clean-idea-on-our-terrace/articleshow/70769124.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst 8.7 https://mnre.gov.in/img/documents/uploads/file_f-1585710569965.pdf 8.8 https://ieefa.org/wp-content/uploads/2019/05/IEEFA-India_Vast-Potential-of-Rooftop-Solar-In-India.pdf 8.9 https://www.pv-magazine-india.com/2020/02/28/gujarat-to-provide-rs-912-crore-subsidy-for-rooftop-solar-this-fiscal/ 8.10 https://economictimes.indiatimes.com/small-biz/productline/power-generation/benefits-of-rooftop-solar-panels-and-factors-that-further-aid-their-installation-in-india/articleshow/69233619.cms 8.11 https://mercomindia.com/solar-projects-generate-income-jobs-skills-rural-areas/ 8.12 https://www.saurenergy.com/solar-energy-articles/jobs-in-solar-the-untold-story#:~:text=Rooftop%20Solar%20is%20the%20next,ground%2Dmounted%20solar%20projects.%E2%80%9D 8.13 https://ieefa.org/wp-content/uploads/2020/05/Developers_Investors-Snap-Up-Indias-Solar-Power-Tenders_22-May-2020-2.pdf 8.14 https://de.energy/blog/irr-expectations-from-solar-rooftop-projects/ 8.15 https://www.thehindubusinessline.com/companies/ciies-infuse-ventures-exits-from-rooftop-solar-start-up/article24644764.ece 8.16 https://www.loomsolar.com/blogs/media-talks/in-just-a-year-this-company-clocked-rs-25-cr-turnover-became-amazon-s-fastest-growing-smb 8.17 https://economictimes.indiatimes.com/industry/energy/power/luminous-power-aims-to-double-revenue-from-solar-products-in-five-years/articleshow/65308824.cms?from=mdr 8.18 https://www.adityagreens.com/blog/what-is-the-payback-period-and-the-financial-feasibility-of-the-solar-roof-in-india# 8.19 https://solarrooftop.gov.in/pdf/faq.pdf 8.20 https://www.insightsonindia.com/2020/07/27/rstv-the-big-picture-indias-solar-energy-push/ 8.21 https://www.researchandmarkets.com/reports/4988972/solar-rooftop-market-in-india-2019?utm_source=dynamic&utm_medium=BW&utm_code=d2xpdz&utm_campaign=1354207+-+Insights+into+the+Solar+Rooftop+Market+in+India+(2019+to+2024)+-+CAGR+of+116%25+Expected+During+Forecast+Period&utm_exec=jamu273bwd 8.22 https://asian-power.com/regulation/commentary/india-move-towards-solar-energy 8.23 https://www.ibef.org/economy/union-budget-2020-21 8.24 https://niti.gov.in/sites/default/files/2020-01/IEA-India%202020-In-depth-EnergyPolicy_0.pdf 8.25 https://firstgreenconsulting.wordpress.com/2012/07/21/rooftop-pv-small-solar-power-generation-programme-rpssgp-of-mnre/ 8.26 https://cef.ceew.in/solutions-factory/publications/demystifying-india-rooftop-solar-policies#:~:text=Demystifying%20India's%20rooftop%20solar%20policies%3A%20A%20state%2Dlevel%20analysis%20%7C%20Demystifyi&text=CEF%20Intelligence%20provides%20market%20trends,for%20India%20and%20its%20states.&text=CEF%20Intelligence%20provides%20key%20insights,energy%20markets%20in%20emerging%20economies. 8.27 https://www.pv-magazine-india.com/2020/03/03/rooftop-solar-leader-gujarat-gets-maximum-central-financial-support-for-re-generation/ 8.28 https://www.livemint.com/companies/news/uae-s-masdar-invests-150-million-in-hero-future-energies-11573459881128.html 8.29 https://economictimes.indiatimes.com/industry/energy/power/eversource-buys-ex-investment-bankers-biz-enters-solar-rooftop-space/articleshow/74068302.cms?from=mdr 8.30 https://energy.economictimes.indiatimes.com/news/renewable/ifc-invests-in-hero-future-energies-to-significantly-scale-up-renewable-capacity-in-india/56358770 8.31 https://www.financialexpress.com/industry/rooftop-solar-runs-into-roadblocks/1396224/ 8.32 https://energy.economictimes.indiatimes.com/news/renewable/rooftop-solar-companies-worst-hit-by-covid-19/75001655 8.33 https://www.teriin.org/sites/default/files/2019-08/DUF_Solar-Rooftop.pdf