India has major programs in place to reduce energy poverty, particularly in rural areas. Membership in the ISA is limited to the “sunshine” countries clustered around the equator (technically the ones between the Tropic of Cancer and the Tropic of Capricorn), which collaborate to advance renewables through solar-friendly policies. India is a driving force for renewable energy among developing countries, having created the International Solar Alliance, and it serves as the international headquarters for this treaty-based intergovernmental organization that now includes over 120 nations. However, homeowners still lack financing options and struggle to manage the upfront investment. While the price of rooftop solar has dropped by more than half in the last five years, the cost of retail electric power has risen by more than 20 percent, leading to strong growth in the rooftop PV market. India now has the world’s largest solar array at Kamuthi, Tamil Nadu India Provides Leadership in Solar for Developing CountriesĪs of mid-2018, India scaled up its renewable energy goals from 175 GW to 227 GW over the next four years, with about 40 GW of that goal representing rooftop solar. Finally, there are ongoing efforts to improve energy access by extending the national grid to remote rural areas.ĭespite all these important programs, many experts have concluded that microgrid technology is the most promising way for India to meet its aggressive goals of clean energy access for the entire population. India is also developing major biomass and waste-to-energy (biomass) programs. In the first half of 2018 it added almost six gigawatts of solar, and 2019 is expected to be another record-breaking year for renewables. India added more capacity from renewable energy last year than it did from traditional resources like coal and hydro. India has the world’s largest auction for renewable energy, and has recently embarked on major incentives for renewable energy development, including microgrids. Bloomberg New Energy Finance has estimated that rooftop solar alone represents a $23 billion investment opportunity in India. India is already on track to become the world’s third largest solar power after China and the United States. According to Climatescope, a country-by-country assessment of readiness for renewable energy investment, India ranks second in the list of over 100 countries. India’s microgrid market is rapidly emerging, driven by multiple factors, including chronically unreliable main utility grids and ambitious government programs to adopt renewable energy and improve energy access – particularly for rural Indians.
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