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Boosting MSME Rooftop Solar in India

MSME Rooftop Solar - The MSME sector has witnessed steady growth over the years. It accounted for 29% of Indiau2019s GDP and created 111 million jobs, according to Annual Report 2017-18 of the Ministry of MSME. Given the potential of the MSME sector, the right set of financial and policy instruments can help in transitioning these industries to cleaner sources of electricity and reducing carbon emissions.

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Boosting MSME Rooftop Solar in India

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  1. Boosting MSME Rooftop Solar in India WWW.SUPRABHA.ORG

  2. Introduction India has set a target of 175 GW renewable energy. Under a target of 175 GW of renewable energy capacity by 2022 set by the government of India, 40 GW is slated to come from rooftop solar installations. WWW.SUPRABHA.ORG

  3. Policies and Regulations Several policy and regulatory initiatives have been undertaken to promote rooftop solar which includes initiatives like: • Provision of subsidies for specific consumer categories • Net metering regulations About 20 states have introduced dedicated solar policies and net metering regulations to facilitate the scaling up and adoption of grid connected RTS across different consumer categories. WWW.SUPRABHA.ORG

  4. Outcome As a result, the grid interactive rooftop solar segment has witnessed robust growth over the past few years. This growth has been largely driven by declining solar installation costs, which have led to a decrease in solar tariffs in comparison with other utility tariffs for C&I consumers. WWW.SUPRABHA.ORG

  5. Role of MSME Sector The MSME sector constitutes a significant share of the industrial consumer category and is a large target market for rooftop solar. The potential of the MSME segment to be about 16 GW. The MSME sector in India accounts for about 25% of the annual energy consumption of the industrial sector12. Energy is often the largest operating cost element. Hence, it is a key factor in determining the competitiveness of the industry. WWW.SUPRABHA.ORG

  6. Barriers For MSME However, the proliferation of MSME Rooftop Solar in the MSME sector faces several barriers, which need to be suitably addressed through appropriate business models, policy and regulatory interventions, etc. WWW.SUPRABHA.ORG

  7. Way Forward The MSME sector has witnessed steady growth over the years. It accounted for 29% of India’s GDP and created 111 million jobs, according to Annual Report 2017-18 of the Ministry of MSME. Given the potential of the MSME sector, the right set of financial and policy instruments can help in transitioning these industries to cleaner sources of electricity and reducing carbon emissions. Such measures can simultaneously increase the uptake of rooftop solar in these industries and help achieve the target for the rooftop solar segment under the National Solar Mission. WWW.SUPRABHA.ORG

  8. Contact Us SUPRABHA TA Program EY LLP, WorldMark 1, Aerocity District, New Delhi - 110037, India Phone: +91 11 66718000 Email: info@suprabha.org Website: www.suprabha.org Follow: WWW.SUPRABHA.ORG www.suprabha.org

  9. Thank You! WWW.SUPRABHA.ORG

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