Government to Solarise Agricultural Feeders Via a Rs 20,000 Cr Scheme

- Advertisement -

One GW solar plant requires around 3.125 million phovoltaic panels (PV). Hence, 110 GW would reuire around 312.5 million PVs

The Government of India has plans to announce a scheme for solarising agricultural feeders. The Power and Renewable Energy Minister R K Singh, at the The Economic Times Energy Leadership Summit 2021 announced that the government is thinking of putting aside Rs 20,000 crore for this scheme.

“In the new scheme we are coming out with, which will be put before the cabinet soon, we are setting aside Rs 20,000 crore for agricultural feeders which we will solarise. The cost of solarisation will be met by agricultural subsidy by states,” Singh was quoted saying by the Economic Times.

- Advertisement -

He also added that in order to solarise the entire agricultural sector, the country would need to add 10 gigawatt (GW) in solar capacity. It is worth mentioning here that India has raised renewable energy capacity to 96 GW in the past five years. The country’s solar energy capacity has also gone up by about 15 times.

Now, given the fact that solar panels usually range in wattage output from around 250 watts to 400 watts, generating 110 Gigawatts would mean generating 110 billion watts. The same will mean plenty of business for solar panel makers located in, and outside of India. As per the website energy . gov, one GW solar plant requires around 3.125 million photovoltaic panels (PV). Hence 110 GW would require around 312.5 million PVs.

India, at the moment has the capability of manufacturing solar panels for only three GW capacity. As a matter of fact around 80 per cent of the solar cells and modules used in the country during 2018-19 were imported from China and these accounted for around $2.16 billion of imports.

The government of the country has recently announced a PLI scheme to boost manufacturing of solar panels locally in India. Indian Renewable Energy Development Agency Ltd (IREDA) has also started inviting bids from solar module manufacturers for setting up solar manufacturing units under the Rs 4,500 crore scheme.

“Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic industry has limited operational capacities of solar PV cells and modules. The National Programme on High-Efficiency Solar PV Modules will reduce import dependence in a strategic sector like electricity and as such reinforce the Atmanirbhar Bharat initiative,” IREDA had said in a statement.

The outcomes/ benefits expected from the scheme include additional 10,000 MW capacity of integrated solar PV manufacturing plants.; Direct investment of around 17,200 crore in setting up solar PV manufacturing projects; Direct employment of about 30,000 and Indirect employment of about 1,20,000 persons.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...
Gursaurabh Singh, Founder of Dhruv Vidyut

“Electrifying Rural Mobility- Converting Traditional Bicycles Into E-Bikes”

0
In a conversation with Nitisha Dubey from EFY, Gursaurabh Singh, the Founder of Dhruv Vidyut, discusses their conversion kit, which can transform any conventional...
Rahul Bollini, the Founder of Bollini Energy

“Formal Contracts For Long-Term Commitments Are Not Always Necessary”

0
Bollini Energy collaborates with various companies interested in understanding the complete value chain of Lithium-ion cells. They offer technical services that span from mining...

Buzz

Government Expands Electronics Manufacturing, Doubles Output

0
Ashwini Vaishnaw emphasises government efforts to expand electronics manufacturing, aiming to double production and employment in five years, alongside implementing the DPDP Act. India's electrical...

Assam To See 1000 MW Solar Power Project Shortly

0
The Chief Minister of Assam announced that the construction of the Karbi Anglong solar power project will begin soon.  Himanta Biswa Sarma, the Chief Minister,...

TIER IV And Suzuki Partner For Autonomous Driving In Japan

0
Tier IV, a pioneer in developing Autoware, the first open-source software for autonomous driving in the world, has formed a business alliance with Suzuki...

Important Sectors

Government Expands Electronics Manufacturing, Doubles Output

0
Ashwini Vaishnaw emphasises government efforts to expand electronics manufacturing, aiming to double production and employment in five years, alongside implementing the DPDP Act. India's electrical...

Assam To See 1000 MW Solar Power Project Shortly

0
The Chief Minister of Assam announced that the construction of the Karbi Anglong solar power project will begin soon.  Himanta Biswa Sarma, the Chief Minister,...

TIER IV And Suzuki Partner For Autonomous Driving In Japan

0
Tier IV, a pioneer in developing Autoware, the first open-source software for autonomous driving in the world, has formed a business alliance with Suzuki...

Mahindra Group Pursues Global Partnerships For EV Expansion

0
Mahindra Group seeks global partners for local battery cell production to meet rising electric vehicle demand and plans to list Mahindra Electric Automobile Ltd...

Essar Plans $3.5B Green Hydrogen Plant In Gujarat

0
The Mumbai-based metals-to-infrastructure conglomerate has planned an investment of Rs.30,000 crores in a green hydrogen plant. The company says this will boost its business...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...