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The dependency on energy resources have been on an increase since it has a major support to financial and economic growth. Using another Energy options, in this scenario, especially energy from renewable resources, has been one of the desirable ways of increasing demand in the shorter period, as it will improve energy security as well as will diversify the energy infrastructure. The demand for energy is shooting up everyday in the country, nearly around Seventy five percent (75%) of the electricity generation is coming from fossil fuels, coal having the major contribution in it. Under the National Solar Mission that had an ambitious target of achieving 100 GW by solar energy capacity till 2022, Ministry of New and Renewable Energy (MNRE) allocated 40 GW in rooftop solar. This has been actively adopted by C&I consumers. The Solar Policies and the net/gross metering regulations have been taken up by nearly more than 20 states, which will enable to scale up and will help in adopting the grid connected Roof Top Solar (RTS) system among different types of consumers. A crucial role is to be played by the industrial sector to reduce the greenhouse emissions and to contribute in country’s goals for cleaner energy. The installed capacity by solar moved to 28.18 GW by 31st of March 2019.
The study in this paper, is focusing on how to expand Rooftop Solar capacity in the industrial sector. It is also focusing on:
1) Why is a slow growth in solar rooftop in the industrial sector?
2) What are the barriers that industrial sector is facing in expansion of solar capacity?
3) It identifies and evaluates the financial instrument that are appropriate and can help in increasing the pace of rooftop solar.
The study is going to propose how can the barriers be overcome so that there is an increment in the solar capacity, and will try to build the future prospects in solar industry.
Key Words: PV solar, Solar adoption, PV Installation, Renewable energy, Energy solutions, Rooftop solar
