PM Surya Ghar scheme fuels Tata Power’s rooftop solar growth
India has been making significant strides towards achieving its renewable energy targets, with a focus on solar energy. In line with this, the government has launched various initiatives and schemes to promote the adoption of solar energy in the country. One such scheme is the PM Surya Ghar scheme, which has been instrumental in driving the growth of rooftop solar installations in India. And one company that has been at the forefront of this growth is Tata Power.
Tata Power, one of India’s largest integrated power companies, has been a pioneer in the renewable energy sector. The company has been actively involved in the installation of rooftop solar systems across the country, and the PM Surya Ghar scheme has been a major catalyst in this growth.
Launched in 2019, the PM Surya Ghar scheme aims to provide affordable and sustainable solar power solutions to households in the country. Under this scheme, the government provides a subsidy of up to 40% for the installation of rooftop solar systems. This has made solar energy more accessible and affordable for the common man, leading to a surge in demand for rooftop solar systems.
Tata Power has been quick to recognize the potential of this scheme and has been actively promoting and installing rooftop solar systems under the PM Surya Ghar scheme. The company has set up a dedicated team to handle the installation process, making it hassle-free for the customers. This has not only helped in increasing the adoption of solar energy but has also created employment opportunities for many.
The PM Surya Ghar scheme has also been a game-changer for Tata Power’s rooftop solar business. The company has witnessed a significant increase in demand for its rooftop solar systems, with a growth of over 50% in the last two years. This growth can be attributed to the attractive subsidies offered under the scheme, making it a win-win situation for both the customers and the company.
Moreover, Tata Power has been leveraging technology to make the installation process more efficient and cost-effective. The company has introduced innovative solutions like remote monitoring and maintenance of the rooftop solar systems, ensuring maximum efficiency and minimal downtime. This has not only helped in reducing the overall cost of installation but has also made it easier for customers to monitor their energy consumption and savings.
The PM Surya Ghar scheme has also been a significant step towards reducing the carbon footprint of the country. By promoting the use of solar energy, the scheme has helped in reducing the dependence on fossil fuels, which are a major contributor to air pollution and climate change. This aligns with Tata Power’s commitment towards sustainable development and its efforts to reduce its carbon footprint.
The success of the PM Surya Ghar scheme can be seen in the numbers. As of March 2021, over 3 lakh rooftop solar systems have been installed under the scheme, with a total capacity of 2,500 MW. This has not only helped in reducing the burden on the traditional power grid but has also saved over 2.5 million tonnes of CO2 emissions.
Tata Power’s contribution to this growth has been commendable. The company has installed over 50,000 rooftop solar systems under the PM Surya Ghar scheme, with a total capacity of 400 MW. This has not only helped in reducing the carbon footprint but has also provided clean and affordable energy to thousands of households.
In addition to the PM Surya Ghar scheme, Tata Power has also been actively involved in other solar initiatives of the government, such as the KUSUM scheme and the Solar City program. The company has also been working towards promoting solar energy in the commercial and industrial sectors, with a focus on large-scale solar installations.
In conclusion, the PM Surya Ghar scheme has been a game-changer for the rooftop solar industry in India, and Tata Power has been a major contributor to this growth. The company’s commitment towards sustainable development and its efforts to promote solar energy have been commendable. With the government’s continued support and initiatives like the PM Surya Ghar scheme, India is well on its way towards achieving its renewable energy targets and becoming a leader in the global solar market.
