ANNOUNCEMENTS
India has set an ambitious target to install 175 GW of Renewables by 2022, out of which 40 GW need to be accomplished through solar rooftop sector. Several initiatives have been taken by GOI in promoting the solar RTPV system installation, but the cumulative installation is well below its target. The C&I consumer accounts for half of the electricity consumption all over India and they have higher tariff compared to others. Demand aggregation is being done in many states by the government for addressing the barrier and promoting the solar rooftop. In view of this, TERI along with CADMUS is working for the I-SMART project for demand aggregation of solar rooftop in four states and two union territory.
In this study, solar rooftop demand aggregation is being done in the Baddi region of Himachal Pradesh primarily focussing on the C&I consumers. In this study the solar rooftop potential of the industries are estimated and the financial analysis is done so as to analyze the impact on the industries. Studying the nature of electricity consumption of the industries and analyzing the variation in the installation capacity was done and the sensitivity analysis on the electric grid tariff was performed to observe its impact on the financial parameters. The analysis showed huge solar rooftop potential in the region and the viability of the project.
The Covid-19 impact analysis was also carried out on the industries and the study shows the transition in the preferred business model and the benefit of economies of scale in Demand Aggregation in overcoming the impact on the solar prices. Hence, Demand aggregation would be the best instrument in overcoming the barriers and achieving the solar target.
Keywords: Solar Rooftop Photovoltaic, Demand Aggregation, Financial Analysis, Covid-19, Sensitivity Analysis
