Addressing the gaps in PM Surya Ghar Muft Bijli Yojana
India launched a landmark scheme, the PM Surya Ghar Muft Bijli Yojana, in February this year, to support the uptake of rooftop solar photovoltaics (RTPVs) in the country. Under this scheme, residential households are eligible for a subsidy of INR 30,000 per kilowatt (kW) for the first 2 kW and INR 18,000 per kW for an additional capacity of up to 3 kW. With over 1.28 crore registrations and 14.84 lakh applications, the scheme has garnered remarkable interest as highlighted in the recent union budget.
Investment dynamics: Balancing opportunities and risks in India’s energy transition
India has witnessed remarkable growth in the solar sector over the last decade. According to the Ministry of New and Renewable Energy, the overall installed capacity has increased from 2.82 GW in March 2014 to 87.2 GW in July 2024.This can be attributed to aggressive government targets, supportive policy frameworks, decreasing technology costs, and increasing awareness about climate change. While the sector is attracting significant investments from foreign and domestic sources, it also has inherent risks.
Intern
This role offers a unique opportunity to understand the intricacies of the generation and distribution operations in the power system and contribute to a higher integration of renewable energy sources into the energy mix. It also provides an opportunity to deep-dive into initiatives for the seamless integration of electric vehicles and rooftop solar technologies into distribution networks.
Responsibilities
• Conduct literature reviews, and collect, analyse, and tabulate data based on project requirements.