#How to Start Solar Energy Business in India (2024)

[solarkart]

solar panels for business

1. Cost Savings

Reduced Energy Bills: Solar panels can significantly lower your electricity costs by generating your own power, which can be especially beneficial if your business operates during daylight hours. Commercial Solar Solutions

Tax Incentives and Rebates: Many governments offer tax credits, rebates, and incentives for businesses that install solar panels. In the U.S., for example, the Investment Tax Credit (ITC) allows businesses to deduct a percentage of the cost of installing a solar energy system from their federal taxes.

Long-Term Investment: While the initial cost of installation can be high, the return on investment (ROI) can be substantial over time, typically within 5-10 years depending on your location and energy usage. Business Solar Power

2. Environmental Impact

Sustainability: Installing solar panels reduces your carbon footprint, contributing to environmental sustainability. This can enhance your business’s reputation and appeal to eco-conscious customers. Solar Energy for Businesses

Corporate Social Responsibility (CSR): Using renewable energy sources like solar power demonstrates your business’s commitment to reducing its environmental impact, which can be a key part of your CSR strategy.

3. Energy Independence

Protection against Rising Energy Costs: By generating your own electricity, your business is less vulnerable to fluctuations in energy prices.

Reliability: Solar panels paired with battery storage systems can provide energy security, ensuring your business remains operational even during power outages.

4. Brand Image and Marketing

Green Branding: Businesses that go solar can leverage their eco-friendly initiatives in marketing campaigns, potentially attracting new customers who value sustainability.

Differentiation: In competitive markets, showcasing your commitment to renewable energy can set your business apart from others.

5. Considerations

Initial Investment: The upfront cost can be substantial, though financing options, loans, and leasing arrangements are available to mitigate this.

Roof Space: Sufficient roof space or land is required to install solar panels. The amount of space needed depends on your energy consumption.

Local Regulations: Check local zoning laws and building codes to ensure compliance with regulations regarding solar panel installations. Best solar panel Company in India for home

6. Steps to Implement Solar Panels for Your Business

Energy Audit: Conduct an energy audit to determine your current energy consumption and identify opportunities for energy savings.

Consultation with Experts: Engage with solar energy providers to evaluate your site, calculate potential savings, and design a system tailored to your business’s needs.

Financing: Explore financing options, such as solar loans, power purchase agreements (PPAs), or leasing, to fund the installation. Best solar panels for business in India

Installation and Maintenance: Once installed, solar panels require minimal maintenance but should be regularly inspected to ensure optimal performance.

Switching to solar energy is not only a smart financial decision but also a step towards a more sustainable future for your business.

www.solarkart.co.in

How to Start Solar Energy Business in India (2024), Buy Best Solar Panel Systems for Business & Industries, Best solar panels for business in India, Best solar panel Company in India for home, Commercial Solar Solutions, Business Solar Power, Solar Energy for Businesses, Corporate Solar Installation, Renewable Energy for Companies, Solar Panel Financing, Solar Power ROI, Sustainable Business Practices, Green Energy for Enterprises, Solar Tax Incentives for Businesses

[janetushar1]

Solar Power Market to Hit $305.85 Billion by 2032

What's Trending in Solar Power Market?

- Keep Yourself Up-To-Date With The Latest Market Trends.

The global Solar Power Market was valued at USD 186.20 Billion in 2024 and it is estimated to garner USD 305.85 Billion by 2032 with a registered CAGR of 6.4% during the forecast period 2024 to 2032.

Firstly, the Market report for Solar Power Market describes the current state of the companies and recommends where it is likely to go next. The report shows the production, revenue, price, market share, and growth rate of each type, mainly divided into Product Types and Product Applications etc.

Additionally, this market report focuses on offering key business measures such as real market moves, market size, qualities, and freedoms, as well as forecast opportunities. This Solar Power Market report also offers distinctive insights into wealthy regions such as Europe, North America, the Middle East, Africa, and Latin America.

Get a Sample Copy of the Solar Power Market Report at: https://www.vantagemarketresearch.com/solar-power-market-1989/request-sample

Top Competitors:

Abengoa SE (Spain), Acciona SA (Spain), Canadian Solar Inc. (Canada), Esolar Inc. (US), United Renewable Energy Co. Ltd. (Taiwan), Sunpower Corporation (US), Kaneka Corporation (Japan), Tata Power Solar Systems Ltd. (India), Wuxi Suntech Power Co. Ltd. (China), Brightsource Energy Inc. (US) and others.

This market report has all the information you need to start or grow your business in the industry. It also includes market drivers, restraints, competitiveness, and geographic estimates, as well as a price and emerging market structure. It is a complete description of a company's business model, benchmarks, consumer preferences, value proposition, and net profit. This comprehensive Solar Power Market study also sheds light on key techniques that help companies truly assess their customers' buying behavior.

It represents global economic trends between 2024 and 2032. With the help of this market research, top companies can easily make smarter financial decisions. This market analysis is an excellent technique to help companies implement new products. It also includes critical data on major industry topics, including market expansions and evolving market conditions.

This well-researched Solar Power Market report describes the negative impact COVID-19 is having on various companies and offers companies recommendations on how to recover from the damage suffered by the outbreak as well as the nationwide quarantine. The plan analyzes the company's expectations and priorities, as well as the delivery of all crucial data.

You Can Buy This Report From Here: https://www.vantagemarketresearch.com/buy-now/solar-power-market-1989/0

This report analyzes key market segments by type, application, and geography. The geographic analysis section covers key regions such as Europe, North America, the Middle East, Africa, and the Asia-Pacific region.

This Solar Power Market report not only provides valuable data but outlines key goals, pricing strategies, and approaches to help market participants' recommendations in this report will make accelerating economic growth easy. It offers some specific tips and business-related data to help new competitors in the market grow their businesses and diversify their product lines. Companies in the industry should choose tactics that include new product launches, mergers, and partnerships to survive in the competitive marketplace and strengthen their position.

Regional Analysis

-North America [United States, Canada, Mexico]

-South America [Brazil, Argentina, Columbia, Chile, Peru]

-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

-Middle East & Africa [GCC, North Africa, South Africa]

-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

The quantitative information in this Solar Power Market analysis helps predict future sales and market penetration. This type of information is based on statistics. The qualitative information provided here will greatly help the key players understand the buyer's opinion of your brand. Improving business goals becomes easy with the information provided in this report.

The industries can draw some conclusions about their original goals. In business. This Solar Power Market research helps you make assumptions about your competition, customers, and the market in order to make informed business decisions. Additionally, it forecasts the competition in the market for the estimated period of 2024-2032. Effective decision-making in companies leads to business growth and is made possible by this precise market study.

Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/solar-power-market-1989

Some of the Key Questions Answered in this Report:

Which are the five top players of the Solar Power Market?

How will the Solar Power Market change in the upcoming years?

Which product and application will take a share of the Solar Power Market?

What will be the CAGR and size of the Solar Power Market throughout the forecast period?

What are the drivers and restraints of the Solar Power Market?

Which regional market will show the highest growth?

What is the current industry size, what will the market size be in 2030 and what will the growth rate be?

Who are the major competitors and what is their strategy?

What are the challenges to grow in the industry?

What are the market opportunities and challenges faced by the key vendors?

What are the barriers to entry for new players in the Solar Power industry?

Check Out More Reports

Global Aesthetic Medicine Market:  Report Forecast by 2032

Global Agricultural Testing Market: Report Forecast by 2032

Global Algae Market: Report Forecast by 2032

Global LED for Work Market: Report Forecast by 2032

Global U.S. Surgical Retractors Market: Report Forecast by 2032

[sunleadblogs]

How to Start and Grow a Solar Energy Business In 2024

This Blog was Originally Published at:

How to Start and Grow a Solar Energy Business In 2024

“Do you know that in 2024 solar energy industry has surpassed all the other forms of renewable energy like wind, water, etc.?”

This is due to the decreased cost of solar panel installation and growing benefits. As solar power becomes more popular, more businesses and homeowners are using it. Such a rise in demand has also increased competition in the solar market, which makes it a lot more important for solar energy businesses to remain updated with industry trends and best practices to generate solar leads to stay ahead of their competition.

So, if you also have this question in mind, How do I start a solar business? Why is my business not growing? Which lead generation techniques will help me? etc., then this handy guide is for you!

In this guide, we will tell you everything you need to know before starting a solar energy business, from understanding the market to learning effective solar lead generation techniques. So, whether you already own a solar business or planning to set up one, by the end of the guide you will learn ways to achieve new heights!

Understanding the Solar Energy Business

In recent years, solar energy usage has increased like never before. As of 2022, there are over forty countries worldwide with more than one gigawatt (GW) cumulative solar photovoltaic capacity installed, including the United Kingdom, South Africa, Chile, and many more. The top three solar panel installers of 2022 were the United States, China, and India.

Why is solar energy becoming more popular?

There are several reasons behind the growing popularity of the solar industry and solar energy business worldwide. Some of the most popular ones are:

Cheap prices: Advancements in the solar energy sector like better cell materials, energy storage, and smart grids are making the generation of electricity through sunlight more efficient and cheaper, reducing both the cost of solar panel installation and electricity bills for people.

Environmental Concerns: Both general people and businesses are becoming more aware of the environmental impact of their activities. Also, due to rising concerns over climate change and environmental degradation, companies, such as airlines and oil firms, are using solar to reduce their carbon footprints.

Government Subsidies: Globally, governments offer many subsidies, tax benefits, other relaxations, and rewards to encourage solar energy initiatives. These often motivate homeowners and businesses who either want to save money or create an impact.

Identifying Opportunities in the Solar Market

There are many opportunities available in the solar industry; an entrepreneur must start his/her journey by finding the right niche for the solar energy business that best suits his expertise or resources while capitalizing on market demand. Some of the popular niches are:

Solar PV Module Manufacturing: A capital-intensive but highly profitable arena that caters to the rising demand for solar panels in residential, commercial, and industrial sectors.

Installation of Solar PV System: The usage of solar energy is increasing day by day and so is the requirement for skilled people who can install and commission, solar PV systems. With a profound technical background, this service-oriented solar energy business helps in the effective functioning of solar systems.

Solar Product Distribution: Solar product distribution, including lanterns, water heaters, and inverters, offers businesses a low-investment, high-margin option. This is a good time to start, as many solar products have started becoming popular in both urban and rural areas.

Solar Consultancy: Another profitable area is providing consultancy services for solar projects, such as site feasibility studies, project management, and financing. They are a consultancy in the knowledge business that helps other businesses and people who seek their guidance for investing in solar energy assets.

After identifying a niche that suits your preferences, the next step is to identify the segment you wish to cater to. There are three major segments in the solar industry: residential, commercial, and industrial.

Are you willing to start a new solar company? Here are a bunch of things to know before starting a solar company in 2024.

Challenges in the Solar Energy Business

Do you know that there is a huge failure rate in starting a solar energy business, and 90% of solar companies fail within the first 5 years? Have you ever wondered why it is so? What is stopping these companies from growing? Here are the three biggest obstacles faced by most solar companies.

Expensive to Start: Solar businesses have high up-front costs, and may require capital outlays in both manufacturing aspects and large solar panel system installations. Securing financing and government subsidies is required to break this barrier down, which can be complex for most companies.

Regulatory Hurdles: Setting up a solar energy business requires many licenses and regulatory approvals. Tiring administrative procedures make it hard to get permits, such as health and safety standards. Also, inconsistencies in regulations across regions affect project execution and add time delay, which results in higher costs.

Competition: The solar market is getting more crowded day by day and there are many players who want a piece of the pie. This competition reduces the installation costs, which makes it difficult to enter the market and make a profit.

Handy Tips

Like every other business, there are challenges/problems in starting a solar energy business. However, if you have the right attitude, you can overcome them. Here are some handy tips to help you:

— >Set Yourself Apart: Provide new offers like energy storage products or anything else to differentiate in a cluttered solar marketplace.

— >Understand Regulations: Stay informed with all the local and national regulations related to solar energy business.

— >Secure financing: Consider taking grants, loans, and incentives that would lower the initial setup costs and will help in reducing the financial burden.

— >Invest in quality: Use good materials and hire skilled workers so that the work is long-lasting, bringing customers high satisfaction.

— >Joint Partnerships: Work with the local businesses and government to get access to the existing solar networks and build trust.

How do I set up a solar energy business?

1. Write a Business Plan:

To grow any business, the most important thing is an effective business plan. A business plan is a set of documents that describes the goals of a company, strategies, and financing projections. This involves

Set clear goals: Define both your short- and long-term goals for at least 5–10 years.

The financial projections: Mention how much your costs and cost of acquisition versus revenue look like.

Market Analysis: Analyze the target market, identify competitors and position strategy.

Additionally, create a powerful mission that also includes your core values, which define where your company is going and drive decision-making.

2. Meet legal and regulatory requirements

After the business plan is set, the next step to setting up a solar energy business is to complete all the legal requirements to ensure proper operations, which helps in gaining the trust of their clients and staying away from any penalties or fines.

Registration and Certifications: Declare yourself as a company with the MNRE (Ministry of New and Renewable Energy) in India or with the sector responsible for solar energy in the country you are starting and get all necessary licenses.

Permits: Get approvals for solar project installations (which vary for different locations).

Regulatory Compliance: Know about all the local, state, and federal regulations, inclusive of safety standards, building codes, as well environmental laws, and stay updated on them.

Lastly, you can also consider getting in touch with legal experts or other industry associations who can help you comprehend and meet all regulatory requirements convincingly.

3. Finance Your Solar Energy Business

Lastly, one major step is to secure enough funding for your solar energy business in order to start or continue for a longer duration. For that, here are different financial alternatives you can consider:

Loans: Reach out to banks or financial institutions for SME-centric business.

Awards and Subsidies: Explore the government honours or subsidies provided for starting a new renewable energy project.

Investors: Pitch to most of the VCs or Angles, especially those who have an interest in sustainable energy ventures.

Fundraising: Use different online/social media platforms to get donations from individuals who have faith in your mission.

Kindly note that cash flow management is very important in any business. So, anticipate monthly costs and watch every penny that comes in and goes out to sustain for the long term.

Fundamentals of Solar Lead Generation

After financing is set up, the next important thing to sustain the solar energy business, in the long run, is successful solar lead generation. Due to the intense competition and high customer acquisition costs, lead generation has become a lifeline of any business in general and the solar sector in particular.

Why is Solar Lead Generation important?

In the solar energy business, lead generation can make or break your success. This means the process of finding and getting customers interested in your offer. There are two main types of leads: inbound and outbound leads.

Inbound leads are where a potential customer comes to you after finding your business on an online search, social media post, or piece of content.

Outbound leads are generated by way of proactive outreach such as making cold calls, running email campaigns, or sending physical mail.

For a successful solar energy business, you must focus on getting inbound leads by increasing your visibility and also try to reach out to the outbound leads through cold calling or email campaigns.

How to get solar leads?

A well-planned strategy that combines online and offline lead generation tactics is the only way to get quality leads for your solar energy business. Things like website SEO, pay-per-click (PPC) advertising, and social media marketing are pretty good online marketing channels that allow you to reach a wide audience.

Website SEO: Make your website more discoverable in search engines by using keywords like “solar installation” or “solar energy systems,” which can easily attract people looking for solar solutions online.

Utilize Paid Advertising: Use Google Ads, Facebook ads, or YouTube videos to target consumers who are interested in solar energy. You could generate leads super fast from a particular audience if you are running PPC campaigns.

Create Partnerships & Referrals: Work with local businesses, real estate agents, and contractors to get referrals. Joining forces with other solar companies can help expand your network.

You can also follow some offline strategies like participating in trade shows, organizing and engaging in community events, and partnering with local businesses in order to boost the sales of your solar energy business.

Lead Qualification

Leads aren’t a one-size-fits-all proposition, either; weeding out the ones who won’t come to fruition before you expend time and resources is crucial. Perfect Solar leads are people who have an interest, can afford it, and are located in a location that makes sense to invest their time into.

A lead scoring system, which assigns values to various characteristics (like budget, timeline, and decision-making role), should help you prioritize prospects. This method guarantees that your sales are aimed at the most relevant leads, which will lead to increased efficiency and effectiveness in the sale.

Leveraging Technology for Lead Generation

For faster Solar Lead Generation for your solar energy business, you must consider using advanced quotation tools. Quotation tools are the tools that provide instant, accurate pricing estimates for solar installations based on user inputs. These tools increase user experience and make it easier for prospects to make faster decisions. Here are some benefits of using them:

Improved Customer Experience: Customers are happy to receive the correct price quickly, generate credibility, and process further.

Improve conversion rates: By allowing customers to find quotes immediately, consumers are more likely to convert into sales.

Tailored Solutions: Quotation tools can be tailored to provide package or financing types per customer request at the time of selling, which would allow for easier closure.

Integrating the SunLead Plugin

Do you know that by using advanced quotation tools, solar companies experience up to 20% higher conversion rates compared to those relying on manual methods?

At SunLead, we provide a white-label quotation tool that integrates with your website to provide instant quotes and increase your conversion rates. It offers the following advantages:

Instant Quote Generation: Provides fast and correct quotes based on use input that helps improve conversion costs.

White-labeling: It will be branded as your tool to maintain the consistency of the brand voice and establish trust.

Easy to integrate: The tools can be easily integrated into your website and CRM systems without disrupting current commercial enterprise tactics.

Case Study: Impact of SunLead on Solar Lead Generation

Here is an example of a company that ranked well on SEO, drove traffic, and reached to many prospects but still failed to generate high-quality leads. Let’s learn why it happened:

Problem: A US-based solar enterprise had a basic website with all the information and was not using a way for traffic to get immediate remarks. As a result, they struggled with excessive consumer acquisition costs and low lead conversion rates, mainly because their prospects had to wait till the manual quoting process was done.

Solution: After including the SunLead plugin in their website, the enterprise automated their quote generation process, allowing customers to instantly get the numbers and take further actions. Also, with SunLead’s white labeling function, the tool blended seamlessly with their brand.

Conclusion: Within six months of implementing the SunLead quotation tool, the company saw 30% higher conversion rates and captured high-quality leads like never before.

Key Takeaways:

→ Only SEO and driving traffic are not enough. To grow your solar energy business, you need to stay updated with the latest trends and tools in the solar industry.

→ Integrating your website with quotation tools improves your lead-generation process.

Other Best Practices for Managing and Converting Leads

After generating leads with the help of quotation tools, the next step for boosting the solar energy business is to convert, nurture, and convert leads into customers. Here are some of the best ways to do so.

Use of CRM Tools: CRM (Customer Relationship Management) software is used to track and manage leads. These tools help to track customer journeys, ensure on-time follow-up for consistent communication, and prioritize high-potential clients.

Personal communication: Personal messages and phone calls still have more impact than anything else. Once you’ve created a lead, talk to them periodically and answer all their questions. Learn more about their pain points and offer customized solutions to their problems.

Build Long-Term Relationships: Focus on building long-term relationships with customers so that they can help you with referrals and repeat business, and to do so you can provide excellent post-installation support to ensure customer satisfaction.

So, what is the most important thing for growing your Solar Energy Business?

Running a successful solar energy business depends heavily on effective solar lead generation and conversion. To stay ahead of the competition; it’s important to undertake practices that help manage and convert leads correctly. Using CRM tools lets you preserve high-quality leads, automate follow-ups, and ensure well-timed conversations. Additionally, using quotation tools like SunLead Plugin will help you automate the quote generation process and achieve faster conversion rates.

Key Takeaways:

Use CRM equipment to track and manage leads effectively.

Optimize lead conversion through personalized conversation and targeted gives.

Leverage tools like SunLead for faster and greater accurate quoting to enhance your conversion charges.

To get started with the SunLead Plugin or to learn more about how we can help your solar energy business enhance operations, reach out to us today!

FAQs

Is it good to start a solar business? Yes, starting a solar energy business in 2024 can be promising due to the growing demand for renewable energy, reduced solar installation costs, and growing environmental concerns. However, before starting, it’s important to have a deep knowledge of marketplace trends and regulatory requirements.

Can solar energy be used in homes and businesses? Yes, Solar energy can be utilized in both residential and industrial settings. Homes can benefit from solar panels to reduce their electricity bills and increase energy independence. Also, businesses can use solar energy to decrease running charges and sustainability.

Is solar energy business profitable? Yes, Solar electricity businesses can be very profitable, particularly with cutting-edge technological improvements and government incentives. Profitability relies upon on factors including marketplace demand, operational efficiency, and powerful lead generation techniques.

How much does it cost to start a solar energy business? The cost to start a solar energy business can vary depending upon many factors such as the country, location, size, equipment costs, licensing fees, initial marketing expenses, etc. If you are planning to set up a small-scale business in India, it can cost min 10 lakh to several crores, depending on the size and niche. This includes government subsidies, licensing, and the overall initial cost.

How much can I earn in the solar business? Earnings within the solar energy business vary primarily based on factors that include enterprise length, market demand, and services. Successful solar agencies can generate good-sized sales, earning a profit of several lakh to crore per month. The profit depends upon the niche, scale, and percentage interest you charge.

What is the profit margin for solar panel companies? Profit margins for solar panel agencies usually range from 10% to 30%, depending on various factors together with market situations, set-up fees, and pricing techniques. Companies that correctly manipulate their operations and hold excessive client pleasure tend to attain better profit margins.

[ojeshagarwal]

Step into the future of sustainable energy with 'PM Solar Panel Yojana Registration, Eligibility 2024' on indiatechmitra.com. This comprehensive guide unveils the Pradhan Mantri Solar Panel Scheme, a groundbreaking initiative aimed at promoting the use of solar energy across India. Discover the registration process, detailed eligibility criteria for 2024, and the myriad benefits of installing solar panels through this government-backed program. Whether you're a homeowner looking to cut electricity costs, a business seeking to reduce your carbon footprint, or a farmer in need of a reliable power source, this article provides all the essential information to get started. Learn how you can contribute to India's green energy goals while enjoying subsidies and incentives designed to make solar installation more accessible and affordable. Equip yourself with the knowledge to take advantage of this initiative and make an informed decision towards adopting renewable energy. #PMSolarPanelYojana #SustainableEnergy #SolarPower #GreenIndia #RenewableEnergy #Subsidies #Eligibility2024 #EcoFriendly #Indiatechmitra

[grewone]

The Story of How Grew Became India’s Top Solar Panel Manufacturer

On February 1, 2024, our Hon’ble Finance Minister, Shri Niramala Sitharaman, came out with a historic interim budget. The budget provided a deep insight into the government’s plans for the solar sector. The budget provides a target of up to 1 crore rooftop solar panel installations by the next year.

The budget also mentions that households that install solar rooftop panels will be eligible for savings of up to 300 units of energy. This can leads to annual savings of up to Rs 15,000.

Grew offers the best solar panels in India. The company was founded in 2022 and is a flagship project of the world-renowned Chiripal Group. The company boasts world-class solar infrastructure and cutting-edge technology. Their technological capabilities, combined with their highly professional attitude, have helped them become the best solar panel company in India. 

Why is investing in solar panels crucial for Indian business?

Apart from the governmental incentives, investing in high-quality solar panels offers many other advantages. For instance, shifting to renewable energy sources helps increase your ESG scores. A higher ESG score increases the attractiveness of your business to investors. Not just that, companies that have a high ESG score are also viewed more favorably by customers. One way to start your renewable journey is to partner with Grew, the best solar company in India.

While there are many misconceptions regarding solar panels in India, you can rest assured that Grew will give its best. Whether it is the installation process or quality output, Grew’s experienced team will ensure that you get nothing short of the best results. 

Their solar panels have often been termed the best solar panels in India for those looking to make cost savings. These panels maximize your savings and reduce the cost of your electricity.

Are you ready to invest in the future? Get in touch with Grew today and learn more about our solar panel prices!

For more: The Story of How Grew Became India’s Top Solar Panel Manufacturer

[smarthomesdholera]

Dholera Greenfield Smart City - A Trillion Dollar baby - Part I

Ever since our honourable PM Sh. Narendra Modi announced “100 Smart Cities Mission” we have been hearing so much about smart cities, we have so many questions about smart cities, like how are they made? What is basically a Smart City? How an existing city will be converted to something robotic wherein everything will be done by machines or technology? What are Greenfield and Brownfield Cities? What sort of technology is used in making smart cities? Like these there is an endless list of such questions and today I thought let me just put all these questions together and explore Dholera Greenfield Smart City from its core to the peak.

Yes, we are talking about much talked Greenfield Smart City, India’s First and DMIC’s (Delhi Mumbai Industrial Corridor) biggest Smart and Sustainable Dholera Smart City and what will make Dholera a “Trillion Dollar Baby”.

What is DMIC (Delhi Mumbai Industrial Corridor) and Dholera Smart City will add value to this corridor?

A Special Purpose company was formed to facilitate and promote DMIC or Delhi Mumbai Industrial Corridor with the name of DMICDC or Delhi Mumbai Industrial Corridor Development Corporation Limited. However, when more Industrial Corridor projects were announced, the mandate of DMICDC was expanded to develop and implement all the Industrial corridor projects and name of DMICDC was changed to NICDC means National Industrial Corridor Development Corporation (NICDC) Limited.

Government of India is working on to develop various Industrial corridor projects as a part of National Industrial Corridor programme with an objective to develop various futuristic industrial cities which will emerge as best manufacturing and investment destinations across the globe. The National Industrial Corridor programme will generate a lot of direct and in-direct employment which will in-turn result in economic growth and we will see overall socio-economic development of our country. 11 Industrial Corridors Projects are being taken up for development with 30 Projects to be developed in 4 phases up to 2024-25

·         Delhi Mumbai Industrial Corridor (DMIC)

·         Chennai Bengaluru Industrial Corridor (CBIC)

·         Amritsar Kolkata Industrial Corridor (AKIC)

·         East Coast Industrial Corridor (ECIC) with Vizag Chennai Industrial Corridor (VCIC) as Phase 1

·         Bengaluru Mumbai Industrial Corridor (BMIC)

·         Extension of CBIC to Kochi via Coimbatore

·         Hyderabad Nagpur Industrial Corridor (HNIC)

·         Hyderabad Warangal Industrial Corridor (HWIC)

·         Hyderabad Bengaluru Industrial Corridor (HBIC)

·         Odisha Economic Corridor (OEC)

·         Delhi Nagpur Industrial Corridor

These Industrial Corridor programmes are to be developed in phases where in NICDC will work in coordination with state governments for the development of these corridors and along with these a lot of new industries smart cities will be developed.

Let’s talk in-depth about Delhi Mumbai Industrial Corridor

Overall length of Delhi Mumbai Industrial Corridor will be 1504 kms and it will cover several states including UP, Delhi NCR, Haryana, Rajasthan, Gujarat and Maharashtra with end terminals at Dadri in Delhi NCR and Jawaharlal Nehru Port (JNPT) near Mumbai.

8 new Industrial Regions are to be developed along with DMIC Corridor. These regions will redefine the development of new future cities not only in India but across the Globe. Below are the names of these regions:

·         Dholera Special Investment Region in Gujarat

·         Manesar Bawal Investment Region in Haryana

·         Pithampur – Dhar – Mhow Region in Madhya Pradesh

·         Shendra Bidkin Industrial Area (SBIA), Maharashtra

·         Khushkhera Bhiwadi Neemrana Investment Region, Rajasthan

·         Dadri Noida Ghaziabad Investment Region, UP

·         Jodhpur Pali Marwar Industrial Area, Rajasthan

·         Dighi Port Industrial Area, Maharashtra

So, these are our new 8 future cuties to be developed along with DMIC alignment and Dholera SIR is going to be one of the largest Smart and Sustainable Greenfield Industrial City in making and that is how Dholera adds a special value to DMIC. Dholera is going to create a self sustainable eco system through which 3 pillars of sustainability that is Social, Environmental and Economic will be covered completely.

What are Greenfield and Brownfield Smart Cities? Why Dholera is a Greenfield Smart City and what is an advantage of investing in a Greenfield Smart City?

We’ve been hearing about Smart City so much these days, let talk about how these cities are categorized in Greenfield and Brownfield.

Greenfield Smart Cities

Greenfield Smart Cities are developed on barren land. Usually these areas are identified far from the cities or existing cities and where there is scope of development and where it will be beneficial to people. As the name itself suggest it’s just Greenfield, where no development has

ever happened and everything gets started from zero. In India, Greenfield Smart Cities program comes under Ministry of Commerce.

Brownfield Smart Cities

Brownfield Cities are those cities which are already exiting and we try to convert them into better developed cities by implementing various technologies like sensors across the city, smart traffic management, technologies like IoT, ICT, wi-fi etc. widening of roads, expressways, highways, roads and services. Cities like Faridabad or Noida in Delhi NCR or Surat or Ahmedabad in Gujarat are few examples of Brownfield Smart Cities.

Modi Govt. in 2015 launched 100 Smart Cities Mission which is under Ministry of Urban Development (MoUd).

So, Greenfield and Brownfield Smart Cities are totally different concepts and has nothing to do with each other. Complete work approach, execution process, everything is different, even ministries are different for both the concepts.

Dholera being developed from barren land has seen no development before; this essentially means that Dholera comes under category of a Greenfield Smart City. Bigger than Delhi and Mumbai and conceived like international cities Frankfurt and London, Dholera is all set to give exponential returns on investment to its investors. At the present moment, Dholera is in early development phase and development of Dholera is also happening as per the Master Plan designed.

Are there any other Greenfield Smart Cities in the world getting developed like Dholera?

Oh yes, in various parts of world such Greenfield Smart and Sustainable Cities are developed from scratch. Some of the examples of such cities are:

·         Belmont Arizona Smart City in United States of America

·         Songdo, International Business District (Songdo IBD) in Seoul, South Korea

·         NEOM in Saudi Arabia

·         Masdar City in the Unite Arab of Emirates

·         Fujisawa Tokyo in Japan

How do you see Dholera becoming a self reliant and self sustainable smart city?

Dholera SIR is spread across 920 sq kms, however, developable area will be only 420 sq kms so that question arises like what will happen to the rest of the designated area. And, the answer is that area has been kept for nature, yes, you heard it right, in rest of the area will be kept for renewable energy generation, parks, green spaces, tree plantations, water reservoirs, solar parks etc.

Today Frankfurt is one of the best examples of a sustainable city as half of the city is actually just green. Similarly, Dholera is being conceived which is going to make it the most sustainable smart city on this planet.

Dholera is also following 3 major pillars of sustainability which are Social, Environmental and Economic. Social pillar takes care of people and people reflects mobility and quality of life like infrastructure of the city, smart transportation, healthcare, education, income inequality, work-life balance, all these indicators focus on quality of life. Environmental pillar will take care of our planet and it will take care of renewable energy share of the city, recycling rates, solid waste management, water treatment, potable water, sanitation etc. And, last pillar that is Economic which is all about profit and assesses business environment and economic performance of our city. Ease of doing business, easy taxation policies, single window clearances, living cost, property cost, GDP per capita and of course energy efficiency. It’s like creating an importance of your city in the global economic networks.

About Author: Ms. Meenakshi Khurana, Managing Director, SmartHomes Infrastructure Pvt. Ltd. which is the pioneer in Dholera Real Estate market as technically most advanced and innovative developers & builders.

SmartHomes Infrastructure: SmartHomes Infrastructure Private Limited, a real estate developer entered the Dholera market 6 years back and now is one of the leading and most innovative developers and land owners of inside Dholera SIR and on border of Dholera SIR. SmartHomes Infrastructure owns huge land parcels & multiple projects in Dholera Smart City. Smart Homes is focusing on developing projects in TP 1, TP 2 and 11 sub TPs of Dholera SIR which will be on both side of Express Highway near Airport and on the border of Dholera SIR.

Smart Homes mainly deals in Commercial, Industrial and Residential Land and Projects. Our customers are High Net worth Individuals, NRIs from more than 20 countries, multinational companies and its employees from organisations like ISRO, ICICI, SBI, UCO Banks, Army, Navy and Air force.

International businesses that are looking to start their industry in Dholera, Smart Homes provide them end to end solutions from land acquisition, required permissions from the government for setting up an industry and residential set up for employees.

To be continued in Dholera Greenfield Smart City – A Trillion Dollar Baby Part 2

[dailynewswebsite]

Lunar gold rush could create conflict on the ground if we don’t act now – new research

The one six websites on the farside of the Moon appropriate for telescope arrays of round 200km throughout. NASA

In terms of the Moon, everybody needs the identical issues. Not within the sense of getting shared objectives, however within the sense that every one gamers goal the identical strategic websites – state businesses and the personal sector alike. That’s as a result of, whether or not you wish to do science or make cash, you have to issues resembling water and lightweight.

Many international locations and personal firms have bold plans to discover or mine the Moon. This received’t be at some distant time limit however quickly – even on this decade. As we set out in our current paper, revealed within the Transactions of the Royal Society, this may spark rigidity on the bottom except we discover methods to handle the scenario imminently.

Up to now, a lot of the talk round exploring and mining the Moon has centered on tensions in house between state businesses and the personal sector. However as we see it, the urgent problem arises from restricted strategic assets.

Essential websites for science are additionally essential for infrastructure building by state businesses or business customers. Such websites embrace “peaks of everlasting gentle” (the place there may be virtually fixed daylight, and therefore entry to energy), and regularly shaded craters on the polar areas, the place there’s water ice. Every is uncommon, and the mixture of the 2 – ice on the crater ground and a slim peak of everlasting gentle on the crater rim – is a prized goal for various gamers. However they happen solely in polar areas, quite than on the equatorial websites focused by the Apollo programme within the 1960s and 1970s.

The current profitable touchdown of Chang’e 5 by China focused a comparatively easy touchdown web site on the lunar nearside, however it’s half of a bigger, phased programme resulting from take China’s house company all the way down to the lunar south pole by 2024.

India tried a extra direct polar route, with its failed Chandrayaan-2 lander crashing in the identical area in 2019. The Russian Roscosmos, collaborating with the European Area Company, can also be focusing on the south polar area for landings late in 2021 and, in 2023, at Boguslavsky crater, as a check mission. Subsequent, Roscosmos will goal for the Aitken Basin in the identical area in 2022 on the to prospect for water in completely shadowed areas. Numerous personal firms even have bold plans for mining the Moon for assets.

Strategic assets that aren’t within the polar areas are typically concentrated quite than evenly distributed. Thorium and uranium, which could possibly be used for radioactive gasoline, are discovered collectively in 34 areas which might be areas of lower than 80km large. Iron ensuing from asteroid impacts may be discovered inside broader territories, starting from 30-300km throughout, however there are solely round 20 such areas.

After which there may be the poster boy of lunar assets, mined in dozens of science fiction movies: Helium-3, for nuclear fusion. Seeded by the Solar within the powdery crushed rock of the lunar floor, it’s current in large areas throughout the Moon, however the highest concentrations are present in solely about eight areas, all comparatively small (lower than 50km throughout).

These supplies can be of curiosity each to these attempting to determine infrastructure on the Moon and are later focusing on Mars in addition to business exploitation (mining), or science – for instance creating telescopic arrays on the lunar far aspect, away from the rising noise of human communications.

How then can we cope with the issue? The Outer Area Treaty (1967) holds that “the exploration and use of outer house shall be carried out for the profit and within the pursuits of all international locations and shall be the province of all mankind.” States don’t get to say elements of the Moon as property, however they will nonetheless use them. The place this leaves disputes and extraction by personal firms is unclear.

Proposed successors to the remedy, such because the Moon Settlement (1979), are seen as too restrictive, requiring a proper framework of legal guidelines and an bold worldwide regulatory regime. The settlement has failed to realize help amongst key gamers, together with the US, Russia and China. More moderen steps, such because the Artemis Accords – a set of pointers surrounding the Artemis Program for crewed exploration of the Moon – are perceived as closely tied to the US programme.

Artist’s impression of a Moon base. ESA/Foster + Companions, CC BY-SA

Within the worst case, this lack of framework may result in heightened tensions on Earth. However it may additionally create pointless duplication of infrastructure, with everybody constructing their very own stuff. That might drive up prices for particular person organisations, which they’d then have causes to attempt to recoup in ways in which may compromise alternatives for science and the legacy we go away for future generations.

Methods ahead

Our greatest preliminary response could also be modest, taking its cue from missed websites on Earth. Small terrestrial useful resource swimming pools, resembling lakes bordered by a number of villages, or fish shares are sometimes managed via approaches developed domestically by the important thing gamers concerned.

These recommend {that a} first step towards lunar-resource governance can be creating settlement amongst customers. This could deal with the character of the assets at stake, how their advantages needs to be distributed, and, crucially, the worst-case situations they search to keep away from. For instance, actors will doubtless have to resolve whether or not the peaks of everlasting gentle needs to be managed as a patch of high-value actual property or as a quantity of power output to be shared. It could even be price deciding on a case-by-case foundation.

One other problem can be fostering compliance with the governance preparations which might be devised. To that finish, lunar customers can be effectively suggested to construct shared installations, resembling touchdown and provide services, to perform as carrots that may be withheld from misbehaving actors. Such partial options can be troublesome so as to add after a rustic or firm has made irreversible investments in mission designs. Clearly, the time to plan these approaches is now.

Tony Milligan doesn’t work for, seek the advice of, personal shares in or obtain funding from any firm or organisation that will profit from this text, and has disclosed no related affiliations past their tutorial appointment.

from Growth News https://growthnews.in/lunar-gold-rush-could-create-conflict-on-the-ground-if-we-dont-act-now-new-research/ via https://growthnews.in

[todaynewsstories]

Could oil nation Norway help save the climate? | Environment| All topics from climate change to conservation | DW

For those of us who thought installing solar panels, planting trees and switching to an electric car would do the trick, this month’s report from the UN Intergovernmental Panel on Climate Change was a startling wake-up call.

The world is facing climate catastrophe, and urgent and unprecedented changes are needed, it said. That includes carbon capture and storage (CCS), a technology that in the past has been fraught with problems.

CCS is extremely expensive, and critics have long argued that it is nothing but an excuse for the fossil fuel industry to carry on as normal, to the detriment of the growth of renewable alternatives. Yet in Norway, the technology is gaining traction. Little surprise, given the country’s continued plans to exploit oil.

“The climate challenge is so big that you have to use all the tools that you have in your toolbox,” said Trude Sundset, CEO of Gassnova, the Norwegian state company responsible for finding CCS solutions for the future.

While renewable energy production is growing quickly, many industries like cement and steel emit vast amounts of CO2 in their production processes. This is where carbon capture technology is the only solution — apart from shutting down production altogether, argued Sundset.

“You can put as many solar panels on all the cement factories as you want, but you will still have very high CO2 emissions from this industry,” she said. “And the only solution that we know of today is to capture the CO2 and store it underground.”

Read more: The rise of wooden skyscrapers

First project on the horizon

With Norwegian government support, Gassnova is now entering the final stages of a pilot project that could see the first full-scale carbon capture plants installed at a cement factory and a waste incinerating facility. Each would capture 400,000 tons of CO2 annually — that’s equivalent to the emissions from 171,000 cars.

“The process of making cement in itself emits a lot of CO2, and the total cement production in the world represents 5 to 7 percent of the total CO2 emissions every year,” said Per Brevik, director of sustainability and alternative fuels at Heidelberg Cement Northern Europe, part of Gassnova’s pilot project.

Read more: Concrete answers to a recycling problem

The plant, a two-hour drive south of the Norwegian capital Oslo, has already tested various carbon capture methods and hopes the full-scale solution will be up and running by 2024.

“We will take out the CO2 from the flue gas, condition it and store it on the bottom of the North Sea,” explained Brevik. 

Oslo’s Klemetsrud waste incinerator plant is one of two pilot projects for full-scale carbon capture and storage technology

Financial incentive: Higher emissions taxes?

The idea of removing CO2 from the air to store it in porous rock under the seafloor is not a new one. Norway’s state energy company, Equinor, has run a CCS plant on one of its natural gas platforms in the North Sea since 1996, proving the technology works. 

That particular project makes economic sense, thanks to Norway’s €52 ($60) per ton CO2 emissions tax on offshore oil and gas installations. Equinor would have had to fork out €105,000 a day to release the CO2 into the atmosphere, making CCS a cheaper alternative.

“The problem is, there is no business model for this [onshore],” said Sverre Overa, a project director at Equinor. The current European CO2 tax is less than €20 euro per ton — although, that price is set to increase in 2019.

“The quota prices that exist are not sufficient today to cover the cost both of capturing and storing the CO2,” said Overa. “Over time we believe that gap will be closing. Deploying more and more of these facilities will bring the cost curve down, like it has for renewables.”

Read more: Dip in China’s CO2 emissions sparks cautious optimism 

Could oil and gas know-how save the day?

Perhaps somewhat paradoxically, Norway’s experience with offshore oil and gas exploration could start benefiting the environment. Gassnova is now using this technical know-how to prepare a CO2 storage infrastructure that could be implemented across Europe.

Read more: Engineering the climate — is it a good idea?

Captured CO2 will be liquefied and transported on ships to a facility on Norway’s western coast. From there, it can be piped out to the North Sea and pumped some 3,000 meters (about 10,000 feet) down into porous rock formations.

“If we succeed in setting up our own infrastructure, industries in the UK, Germany and elsewhere can see that if they capture their emissions from their industry they can actually send it somewhere and somebody will make sure it is safely stored,” said Gassnova’s Sundset.

Industry insiders have said there is already interest in the Norwegian CCS model from companies elsewhere in Europe.

“Norway is very much one of the front-runners on CCS in Europe, it’s really shown that CCS can be deployed as a technology to help reduce CO2 emissions on an industrial scale,” said Luke Warren of the Zero Emission Platform, an interest organization for the CCS industry and research groups, which also advises the European Commission on the technology.

“The next phase of Norway’s program, which is developing the infrastructure to enable capture from multiple industrial sources, is really exciting. And I think if this project is realized, there will be opportunities for other sources within Europe to access the infrastructure there,” he said.

Dependent on government support

Previous Norwegian governments have shelved large-scale CCS projects, but the current administration has so far provided the necessary funds for the pilot projects.

Read more: Can we live in a world without fossil fuels?

In its latest budget proposal in October, the government set aside a further €71 million for the development of CCS technology. It has promised a final decision on whether to go ahead with the two full-scale carbon capture plants and the infrastructure for CO2 storage under the North Sea by 2021.

The total cost has been estimated to be €1.6 billion. Energy companies Equinor, Shell and Total are already involved in the development of Norway’s CCS project, carrying some of the costs alongside the Norwegian state. But it remains to be seen who will foot the majority of the final bill.

How oil leaks into everyday life

Cleaning products

Containers for cleaning products are made with oil-based plastics. They are fairly stable, light and cheap. Their contents are also by and large oil based. Surfactants are detergent substances that remove grease and water-based stains and are poisonous for aquatic organisms. People with allergies can break out in rashes and acne from them, too.

How oil leaks into everyday life

‘C’ is for citrus — and clean

Lemons were long used as cleaning agents before the industrial cleaning revolution. Citric acid has similar scrubbing abilities as vinegar and sodium bicarbonate — without the dangerous side affects. Citrus cleans grills and combats germs on cutting boards. The organic solutions are plentiful, biodegradable, affordable and can come free of packaging.

How oil leaks into everyday life

(Literally) tons of plastic

About 380 million tons of plastics are produced every year worldwide, but only 9 percent of that is recycled, according to a University of California study. The rest is burned, dumped or sent to a landfill. Even recycled material gets quickly trashed again. Researchers estimate that 34 billion tons of plastic will have been produced by 2050.

How oil leaks into everyday life

Straws going au naturel

The flood of plastic won’t stop if people don’t change their ways. That’s what the European Commission has concluded, and it wants to ban sales of plastic cutlery and straws. These are items that are quickly produced, used and thrown away, only to then burden the planet for centuries to come. One major packaging producer, Tetra Pak, has since announced it will change over to making paper straws.

How oil leaks into everyday life

Image cleanup

Germany is Europe’s top producer of plastic waste, according to the Federal Environment Agency. Single-family homes purchase items in smaller and individually wrapped quantities. Plastic and styrofoam packaging is generated by online shopping and used for coffee and food on the go. The city of Hanover has taken the lead by introducing a 2-euro ($2.32) deposit scheme for reusable cups.

How oil leaks into everyday life

Desperate fight against plastic buildup

India has a major problem with plastic waste. New Delhi, the capital, has banned single-use plastic, but it is just a drop in the bucket. About 1.5 million Indians earn a living collecting plastic; there is no functioning disposal system. Trash is often burned, which releases poisonous fumes.

How oil leaks into everyday life

Like the good ol’ days

Containers can be more ecologically friendly, too. Before the era of plastic, dairy products came in glass. Packaging for drinks can be made out of renewable materials like wood from sustainable sources. Consumer choices can be decisive in the potential reduction of materials based on fossil fuels.

How oil leaks into everyday life

Oily discs

Every CD and DVD contains about 30 grams of crude oil, and 40 billion discs are produced every year around the world, each one made of polycarbonate, aluminum and lacquer. Many of these get thrown away. Germany’s recycling rate is about 5 percent, according to the Federal Environment Agency, though the waste gets turned into eyeglass frames, computer monitor housings and vehicle bumpers.

How oil leaks into everyday life

Perched on high with liquid wood

Who says high-end consumers don’t care about their ecological footprint? Gucci customers take pumps made from bioplastics in stride. Former researchers from the Fraunhofer Institute took lignin, plant fibers and wax and liquefied the compounds together. Injecting the mixture into molds allows the malleable material to be turned into other products.

How oil leaks into everyday life

Fan and eco-friendly?

This soccer top is made from recycled plastic waste — polyester and polyamide, which are derived from increasingly scarce oil resources. It takes 28 plastic bottles to make one jersey, but that can also be made from natural fibers like cotton, wool, linen, hemp and silk.

How oil leaks into everyday life

Brush well

It’s never too early to learn proper oral hygiene — not just how to brush, but also which brush to use. Common toothbrushes are made of polyamide, a product based on mineral oil. Stabilizers, softening agents and dye are in the mix, too.

How oil leaks into everyday life

Natural oral hygiene

Back to basics: Toothbrushes can be made of beech wood with pigs’ bristles. Tooth powder from sodium bicarbonate, coconut oil, charcoal, and a mix of turmeric, mint, clove, sage, ginger and healing clay can be just as effective as traditional toothpaste, making use of microorganisms, chalk and fennel oil. Yet much of the packaging is still plastic. Some toothpastes contain small, plastic beads.

How oil leaks into everyday life

A clean night’s sleep

In the market for a new mattress? Sleeping habits, orthopedic conditions, weight, allergies and material preference (spring, latex, natural rubber or foam) all play a role. Most mattresses are made from oil-based products. Eco-mattresses contain bioplastics made from sunflower oil and castor oil.

How oil leaks into everyday life

The natural toilet

Interior designers say that the bathroom is the new living room. Many people are after something special: Toilet covers that lower automatically to reduce noise, automatic toilet seat cleaning, integrated music systems. Most bathroom items contain plastic. The eco-toilet is instead made of wood. No plastic bin required.

How oil leaks into everyday life

Oil-free cars: just a fantasy?

Biodiesel from canola oil only works with old, smelly diesel motors. Biogas only works as a small component in fuel. The auto industry is looking for energy alternatives to oil, but we are still a ways off from going completely without black gold. Even batteries need oil in their production. One bright spot: hydrogen. Regardless, the car itself contains a lot of crude oil.

document.addEventListener("DOMContentLoaded", function (event) { if (DWDE.dsgvo.isStoringCookiesOkay()) { facebookTracking(); } }); function facebookTracking() { !function (f, b, e, v, n, t, s) { if (f.fbq) return; n = f.fbq = function () { n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments) }; if (!f._fbq) f._fbq = n; n.push = n; n.loaded = !0; n.version = '2.0'; n.queue = []; t = b.createElement(e); t.async = !0; t.src = v; s = b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t, s) }(window, document, 'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '157204581336210'); fbq('track', 'ViewContent'); } Source link

The post Could oil nation Norway help save the climate? | Environment| All topics from climate change to conservation | DW appeared first on Today News Stories.

from WordPress https://ift.tt/2ynQZbW via IFTTT

[kpigreenenergy]

Solar Energy Benefits For Medium And Large Industries

Solar energy remains the most promising renewable energy source for India when it comes to electricity generation. And yes, if we talk about energy consumption, Solar energy is rapidly adopted worldwide at an enterprise level. This is because industries are more focused on leveraging solar energy benefits as a sustainable alternative.

Having multiple solar energy benefits, it has become imperative for industries in recent years to maximize this energy source. We have witnessed a rising spike in the number of solar energy usage which has made it clear that solar energy for industries can be transformative.

In this article, we will be looking at how solar power for industrial use has benefitted medium to large business entities. Let’s start by looking into how solar energy is getting widely accepted.

How Has The World Adopted Solar Energy?

The global adoption of solar energy is rapidly accelerated due to several combinations of factors. Sucha as- the depreciating cost of the system, technological advancement, and increasing acceptance. Moreover, as the manufacturing industry in India is expanding swiftly, and domestic energy demand is also increasing, India has turned towards making the most of solar power energy.

It is worth noting that, “The installed solar energy capacity has increased by 30 times in the last 9 years and stands at 85.47 GW as of Jun 2024. India’s solar energy potential is estimated to be 748 GWp as estimated by the National Institute of Solar Energy (NISE).”

Now let’s take a look at what exactly is making solar energy highly popular among businesses.

Benefits Of Solar Energy

Here are some of the key benefits of solar energy in industrial applications:

1. Conventional Vs Eco-Friendly Solution

Boosted manufacturing capacity: As the average tariff rates have been historically pretty high making conventional non-renewable energy sources an expensive way to pursue a business, the use of solar energy helps large industries save up to 50%, leading to higher manufacturing capacity.

Security and independence: Let’s not forget how dependency on fossil fuels can make industries vulnerable to geopolitical tensions and price volatility. Large industries that are heavily dependent upon energy supply, can be rest assured about stability by avoiding reliance on external energy sources and using solar energy. Having their industrial solar power plant can make them independent and secure.

2. Sustainable Solution

Inexhaustible resource: By using solar energy for industries, the issues of rising pollution, hiking of fuel prices, and depletion of fossil fuels can be addressed easily. But in addition to this, as this is available in abundance as an inexhaustible resource, we can practically never run out of it.

Reduced carbon footprint: Adapting to solar energy, especially in medium and large industries, helps achieve carbon-friendly status by significantly reducing greenhouse gas emissions and reliance on fossil fuels. And this can be one of the reasons behind the popularity of an organization.

3. Improving The Corporate Image

Brand value: Switching to solar energy can enhance the corporate image of the organization. The brand value spikes up with the environmental stewardship stance of the business.

4. Energy Independence

Addressing the volatile energy rates: Solar energy encourages businesses to become less reliant on external energy sources. This lower dependency is very valuable, especially in the arena where volatility in the energy tariffs can be seen. Solar energy ensures a smooth operation of business with a consistent power supply. Industrial solar power plants are like powerful energy factories that connect directly to the grid, ensuring a steady supply of electricity.

5. Reduced Electricity Bills

Reduced bills for large organizations: By investing in grid-connected solar power plants the industries can save on electricity expenses. When Industrial energy savings is a leading concern of every organization, implementing an energy management system along with solar power projects can help slash electricity bills further.

Even though now you know about the solar energy benefits, it is equally important for you to bust the myths around it.

Common Beliefs About Solar Energy

There are a ton of myths that are rumored in the market around solar energy. Let’s try to dig up the truth:

Solar panels are expensive: The initial cost of solar panels might seem to be expensive at first sight. But over the decade the cost has significantly reduced and continuous developments make it an asset with good ROI for the business.

Monsoon is a big hurdle: A widely accepted rumor is that a cloudy or monsoon season is a hurdle for the solar power-using industries. But the fact is, the rainfall washes away the dirt on the panels, making the panels clean which again helps them work strongly.

Constant maintenance: Though the maintenance costs of solar power plants are high, solar plants nowadays are designed in such a durable way that they require only regular dust checks. Minimal time and energy after maintenance make solar power for industrial use an ideal option for all sizes of businesses.

From all the above discussion it is pretty understandable now that solar energy in businesses is no longer a futuristic concept. By strategic implementation of solar power, one organization can avail substantial financial rewards and enhance their operational efficiency. Solar energy benefits here show a vast solar energy potential which can unlock plenty of growth opportunities for large size of organizations in India.

We hope this article gave you a deeper understanding of how adapting to solar energy in your business can be a revolutionizing idea. Do you still have a query? Get your doubts answered by our experts at KP Group- a leader in offering unmatched solutions for India’s green energy needs with a click.

Get in touch! Contact +912612244757 | +912612234757

Email

info@kpgroup.co Visit site

[kpigreenenergy]

Solar for Business vs. Home Solar Systems: Key Differences

When considering solar energy solutions, the difference between Solar for Business and home solar panel systems is crucial.

While both aim to utilize solar energy, their applications, scales, and financial models differ significantly. This article looks into these differences, offering insights particularly geared towards businesses looking to make informed decisions about solar installations.

Understanding Solar for Business

Solar for Business involves the strategic deployment of photovoltaic (PV) systems across various commercial sectors, such as manufacturing facilities, office buildings, and retail complexes.

March 2024 set a new record with India installing 6.2 GW of new solar capacity. Such setups are particularly advantageous for businesses in sectors like retail, and IT, where energy costs can be considerably reduced.

Moreover, industries such as textiles and agriculture are also benefiting from solar energy, utilizing solar-powered irrigation systems and energy for processing units, which significantly reduced operational costs and enhanced sustainability.

The adoption of solar energy is encouraged through favorable government policies and incentives particularly in Indian states like Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Andhra Pradesh, Karnataka etc.

Key Benefits of Solar Energy in Industries

Energy Independence: Commercial solar systems allow businesses to generate their own electricity, reducing dependence on traditional power grids.

Cost Reduction: Businesses using solar energy can see up to 50% savings on their monthly energy expenses, leading to significant cost reductions over time.

Scalability: Solar installations are highly scalable, meaning businesses can start with a small system and expand as their energy needs grow or as budget allows.

Brand Image: Companies that adopt green practices enhance their public image, appealing to consumers and partners who prioritize environmental responsibility.

Learn about the Financial Benefits of Installing Solar Power for Your Business. The article highlights the cost savings and capacity growth for businesses in India.

IPP and CPP Models for Business

Key to understanding solar for business are the models of Independent Power Producers (IPP) and Captive Power Producers (CPP) which have distinct roles in the solar energy landscape.

1. IPP Model

Independent Power Producers, or IPPs, own and manage their power production facilities.

Their main objective is to sell electricity, which can be done either back to the grid or directly to end-users.

IPPs are crucial due to their investment in large-scale solar farms.

These installations supply clean energy across various regions and play a significant role in supporting national energy goals.

IPPs help stabilize the energy supply and enhance the sustainability of regional power grids by integrating renewable sources on a large scale.

Explore how Independent Power Producers are leading the charge towards a sustainable energy future in Gujarat, India, in this article on the Crucial Role of Independent Power Producers in the Energy Evolution.

2. CPP Model

In contrast, Captive Power Producers (CPP) focus on meeting their own energy needs.

CPPs invest in constructing and operating power plants that serve the electricity requirements of their own facilities.

This model is particularly beneficial for businesses with substantial energy demands, such as large manufacturing units or data centers.

By generating their own power, these businesses can significantly reduce their energy expenses and gain independence from the volatility of public energy markets.

CPPs ensure a consistent power supply, which is crucial for operations requiring continuous, high-energy output.

Understanding these models helps businesses make informed decisions about their solar energy investments, while choosing options that either expand their market influence or enhance their self-sufficiency in energy.

Discover how captive power plants provide reliable energy solutions crucial for industrial operations in this article on How Captive Power Plants Empower Industries.

Solar for Business and Home Solar Systems

ComparisonSolar for BusinessHome Solar SystemsScale and Capacity

Ranges from a few kW to several MW

Installed on large roof spaces or ground-mounted arrays

Aims to meet high energy demands

Typically up to 20 kW, averages 5-10 kW

Installed on residential rooftops

Aims to offset household electricity bills

Financial Incentives

Higher tax incentives

Shorter payback period (3-5 years)

Tax benefits are smaller in absolute terms

Longer payback period (7-10 years)

Installation and Maintenance

Complex installations requiring integration with existing systems

Requires skilled technicians

Contract-based maintenance plans

Straightforward installations

Less frequent maintenance, primarily cleaning and checks

Policy Impact

Affected by net metering and feed-in tariffs specific to commercial entities

Faces stringent zoning and permitting challenges

Less impacted by policy changes

Faces fewer regulatory hurdles, must comply with local building codes

Market Trends

Expected to grow due to decreasing costs and improved efficiency

Driven by tech advancements and corporate sustainability goals

Continues to grow, influenced by consumer interest rates and policy adjustments

Tech innovations raises awareness

Conclusion

In conclusion, Solar for Business offers a unique set of benefits and opportunities for commercial entities looking to reduce their carbon footprint and energy costs.

By understanding the key differences between Solar for Business and home solar systems, businesses can make informed decisions about their energy strategies and contribute to a more sustainable future.

Get in touch to learn more! Contact: +912612244757 | +912612234757 Email: info@kpgroup.co Visit site