Batteries, renewables set to shine under India solar rooftops scheme

Batteries, renewables set to shine under India solar rooftops scheme

Batteries, renewables set to shine under India solar rooftops scheme 1024 683 Energy Storage Journal

March 13, 2024: India has given the green light to install rooftop solar systems in one million homes, as part of a subsidized program the renewables industry says will boost investment in battery storage and smart energy infrastructure across the country.

India’s cabinet approved the scheme on February 29, just days after the country’s Gujurat state hosted the Smarter  E India/Intersolar India 2024 and associated conferences including EES India — organized by Messe Muenchen India, Solar Promotion International and Freiburg Management and Marketing International.

Under the scheme, the government said collateral-free low-interest loans will be offered to buy the solar systems, with purchasers able to sell surplus electricity to power distribution companies.

The three-day Smarter E India and associated conferences closed on February 23. Organizers said more than 65% of exhibitors came from the manufacturing side of solar, energy storage, green hydrogen and electric mobility sectors.

Bhupinder Singh, CEO of Messe Muenchen India, said companies involved in the solar-storage and renewables supply chain was ready to help India to achieve scale and impact in manufacturing for the solar rooftops initiative and a ramping up of smart energy systems across the country.

Photo: Solar Promotional International