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Solar panel makers may get priority sector lending tag

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Officials from the ministries of finance and renewable energy as well as bankers have held several meetings over the past two months on financing-related issues faced by solar photovoltaic makers, following which the recommendations were sent by the banks.

New Delhi: The Reserve Bank is examining a recommendation from banks to include loans to
solar panel manufacturers within the priority sector lending bracket and is expected to take a decision
in the next two-three months, people familiar with the deliberations said.

“After discussion with all stakeholders, two recommendations were agreed upon. While banks have sought

tags for solar panel manufacturers, the renewable energy ministry has made a case for considering modifications in the production-linked incentive (PLI) scheme for this sector,” said an official requesting anonymity.

Officials from the ministries of finance and renewable energy as well as bankers have held several meetings over the past two months on financing-related issues faced by solar photovoltaic makers, following which the recommendations were sent by the banks.

Solar associations have argued that duty-free imports from Southeast Asian countries under free trade agreements, or FTAs, are hurting domestic manufacturers.

A bank executive said the finance ministry had asked lenders to share their inputs for the formulation of a policy to ease financing for the sector.

“The proposal to include this in priority sector lending and PLI schemes is in line with the discussion held with association members and representatives of the renewable energy ministry,” he said.

Earlier, solar associations had argued that solar exports hadn’t come down as expected.

“We have apprised the government that these could be Chinese manufacturers, who have shifted their base to these countries and are exporting from there,” said an association member, adding that as per the data they shared with the government, in the last 2-3 months, solar imports from countries with whom India has FTAs have increased by 48%.

As per report by energy think-tank Ember, solar module imports from China decreased nearly 80%, or by $2 billion in value, in first half of 2023. “This followed imposition of tariffs as India shifts away from imports to focus on building and utilising domestic manufacturing capacity. India’s domestic solar module manufacturing capacity has stepped up,” the report said.

Source – Economictimes

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How to Calculate the Roof Top Area Required to Install Solar Panels?

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Are you planning on installing a Solar Power Project on your Rooftop but confused about the total Rooftop area needed to install one? Don’t worry; you have come to the right place. This article will give you a quick and easy step-by-step Guide on How to Calculate the Roof Top Area Required to Install Solar Panels for installing a fully-functional Residential Solar Project.

Find out the Number of Solar Panels Required

To find this, You need to go through the Electricity Bills of the last 12 months, in which you will find a column that shows the Electricity Units (kWh) used Every Month.

Once you have the data of the last 12 months, you need to perform the following 3 easy steps:

  1. Firstly, find a Simple Average of all Monthly Consumption of Units by Adding them together and Dividing the total by 12 and you will get your Average Monthly Electricity Consumption (Units per Month) of your House.
  2. Secondly, Divide the above Average Monthly Electricity Consumption (in Units) by Total Units generated by a 1 kW Solar System Per Month, and you will get the Total Size of the Solar Project (in kW)

Don’t get confused about the ‘Total Units generated by 1 kW Solar System Per Month’ As a Thumb Rule, In India, 1 kW Solar System is able to generate 4 Units of Electricity every day. Hence ‘Total Units generated by 1 kW Solar System in a Month of 30 Days’ is 120 Units (30 Days x 4 Units per Day)

  • Lastly, Divide the Total Size of the Solar Project (in kW) derived in the above step by the Total Size of 1 Solar Panel, and you’ll get the Total Number of Solar Panels (in Nos.) Required.

Generally, the Total Size of 1 Solar Panel is 330 Watts or 0.33 kW. Another thing to keep in mind is that 1kW=1000 Watts.

Let’s again understand this calculation with the help of an Example.

Say, Raj’s House’s last 12 Month’s Electricity Bills show the following monthly usage:
210, 300, 400, 500, 500, 500, 600, 400, 300, 200, 200, 210 (in Units)

Hence,

  • Total usage in a year (Total of all the Monthly units used) = 4320
  • Total Units generated by 1 kW Solar System in a Month of 30 Days in India are120 Units
  • The Total Size of 1 Solar Panel is 330 Watts or 0.33 kW

Accordingly, We will follow the 3 step guide to find the Total Number of Solar Panels required to power Raj’s House.

  1. Average Monthly Electricity Consumption (in Units) = 360 Units (4320/12)
  2. Total Size of the Solar Project (in kW) = 3 kW or 3000 Watts (360/120)
  3. Total Number of Solar Panels (in Nos) = 09 or 9 (Approx) (3000/330)

In conclusion, Raj’s House will require a Solar Plant of 3 kW comprising 9 Solar Panels of 330 Watts each.

Find out the total Rooftop Area Required to install these Solar Panels

One Solar Panel of 330 Watts has a Standard Surface area of 20.86 sq. ft. approximately
Hence, you only need to Multiply the Surface Area of one Panel with the Total Number of Panels required for your house, and you will easily get the Total Rooftop Area required to install your Residential Solar Power Project. This area should be a Shadow-Free area, which means that it should receive direct sunlight for at least 5 hours during the day.

In the example of Raj’s House, he will need a total Rooftop Area of 187.74 sq. ft. (20.86 sq. ft. X 9 Panels)

This is the area, which is assumed as panels installed back to back and side by side to each other. However, in practical the installation is different. Practically, we have to leave the space between rows and columns of solar panels so that solar panel can be easily cleaned and for maintenance work also, there should be some space left to access the solar plant.

As a rule of thumb, we can install 1 kW of solar panels in 100 sq.ft of shadow free area on a RCC roof.

Therefore, area required for 3 kW of solar plant=3*100 sq ft=300 sq ft Now that you have understood the calculation of the estimated area required for your installation, you can accordingly proceed with your New Rooftop Solar Project. Get in touch with IB Solar to get these systems installed. Visit www.ibsolar.co.in for more information.

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Powering with Trust: IB Solar’s Mono Perc Panels get BIS Accreditation

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IB Solar, a trailblazer in the solar industry with three decades of expertise, has reached new heights of excellence. Breaking through barriers and propelling India’s solar revolution forward, IB Solar proudly announces that its revolutionary Mono Perc solar panels and state-of-the-art Lithium-ion batteries have been granted the coveted Bureau of Indian Standards (BIS) certification. This momentous achievement not only bolsters the trustworthiness of IB Solar’s products but also positions them as the epitome of efficiency in the Indian market. With a string of remarkable accomplishments in 2023, IB Solar is taking giant strides towards a sustainable future, set to launch a cutting-edge 500 MW solar panel manufacturing line on the prestigious Taj Expressway this July.

IB Solar’s Stellar Journey:

Determined to lead the charge in India’s renewable energy landscape, IB Solar has consistently been at the forefront of innovation. The latest feather in their cap is the BIS certification for their Mono Perc solar panels and Lithium-ion batteries, earned through relentless dedication and unwavering commitment to quality. This notable milestone signifies IB Solar’s unwavering pursuit of excellence and sets them apart as an industry leader.

Powering the Nation with Trust:

With the BIS mark of approval adorning their Mono Perc solar panels and Lithium-ion batteries, IB Solar has solidified its position as a trusted and reliable manufacturer in the Indian market. This certification acts as a beacon of assurance for customers, assuring them of products that adhere to stringent quality standards and deliver outstanding performance. By consistently raising the bar in terms of efficiency and reliability, IB Solar continues to empower every Indian household, enabling them to run on renewable energy.

Director’s Vision and Future Endeavours:

Reflecting on the momentous achievement, Director of IB Solar, Abhinav Mahajan, expressed his elation and shared his ambitions for the future. “We are thrilled to have our Mono Perc solar panels and Lithium-ion batteries marked with BIS certification,” said Mahajan. “This recognition is a testament to our unwavering commitment to excellence and our dedication to providing top-tier products to our customers. Our goal is to fast-track the government’s net-zero target by 2030 and ensure that every Indian household has access to reliable renewable energy solutions.” By taking such long strides and achieving multiple milestones at once, IB Solar is bound to become the top solar panels manufacturer in 2024.

Leading the Way towards a Sustainable Future:

IB Solar’s pursuit of excellence has not gone unnoticed. Their commitment to innovation and sustainability has earned them accolades and a prominent position in the solar industry. Apart from the BIS certification, IB Solar’s poly panels secured a place on the Approved List of Modules & Manufacturers (ALMM), further solidifying their reputation for delivering superior quality products.

Partnering with government entities and securing multiple tenders and projects, IB Solar has become the preferred choice for State Nodal Agencies (SNAs) like HAREDA, JAREDA, BREDA, PEDA, and more. These collaborations serve as a testament to the trust placed in IB Solar’s capabilities and their contribution to India’s clean energy aspirations.

Conclusion:

IB Solar’s recent accomplishment of obtaining the BIS certification for their Mono Perc solar panels and Lithium-ion batteries marks a significant milestone in their journey towards a sustainable future. With their unwavering commitment to excellence and a focus on delivering high-quality products, IB Solar is driving India’s transition to clean energy. Through their state-of-the-art manufacturing facilities, partnerships with government bodies, and a vision to fast pace government’s net-zero target by 2030, IB Solar continues to lead the way in powering the nation with trust, efficiency, and innovation.

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Growth of Solar Energy in Rajasthan

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Rajasthan, known for its abundant sunlight and vast open spaces, has emerged as a frontrunner in the adoption of solar energy in India. With its commitment to renewable energy, the state has witnessed a remarkable trajectory of solar power installations, paving the way for a greener and sustainable future. In this blog, we explore the growth of solar energy in Rajasthan and shed light on how IB Solar, a trusted supplier of solar panels, has been contributing to this clean energy revolution.

Rajasthan a Beacon of Solar Power

The Rajasthan government has made significant strides in promoting renewable energy, setting ambitious targets to achieve a net-zero carbon emissions future. With the Indian government’s vision to achieve 450 GW of renewable energy capacity by 2030, the state aims to be a leader in the clean energy transition. Solar energy plays a pivotal role in this plan, with a focus on increasing grid-connected solar power projects and rooftop solar installations.

Government’s Vision and Work

The Rajasthan government has set forth a bold vision of achieving 450 GW of renewable energy capacity by 2030, paving the way for a future with net-zero carbon emissions. Recognizing the pivotal role of solar energy in this transition, the state has implemented a range of initiatives to promote its adoption. These efforts not only contribute to environmental sustainability but also enhance energy security and drive economic growth.

Major Solar Projects Open for Bids in Rajasthan

At the heart of Rajasthan’s solar energy growth is the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) program. This comprehensive initiative encompasses multiple components aimed at transforming the agricultural landscape with solar power. In particular, the ‘C’ Component of the PM KUSUM program has sparked significant interest. Recently, the Ajmer Vidyut Nagar Nigam (AVVL) launched a tender for an impressive 82.94 MW grid-connected solar power project under the ‘C’ Component. The project aims to solarize agricultural feeders, providing sustainable energy solutions to farmers and reducing their reliance on conventional power sources. It represents a remarkable step towards creating an eco-friendly ecosystem that enhances rural livelihoods.  The tender is open  to RESCO (Renewable Energy Service Companies). The last day to submit the bid is 27 June 2023.

The successful bidders must fulfil the following conditions to participate

  • They must be ALMM (Approved List of Models and Manufacturers) Approved.
  • The bidders must submit a certain amount of performance bank guarantee (PBG)
  • The bidders must have an annual turnover of 30% of the total cost of quoted capacity.
  • The projects must be commissioned within the 9 months of signing the agreement
  • Must ensure a minimum capacity utilisation factor of 19%

IB Solar: Empowering Rajasthan’s Solar Revolution

As a trusted supplier of solar panels, IB Solar has been a key player in Rajasthan’s solar energy growth. The company’s unwavering commitment to quality and innovation has made it a preferred choice for solar installations across the state and various Indian states including Punjab, Haryana, Jharkhand, Orissa etc.  By providing reliable and efficient solar panels, IB Solar has actively contributed to the expansion of solar power capacity and the realization of the state’s renewable energy goals.  It is one of the regular suppliers of ALMM approved solar panels in Rajasthan.  With continuous strides and wide reach, IB Solar is bound to become one of the top solar panels manufacturers in India by 2024.

Conclusion

The growth of solar energy in Rajasthan stands as a testament to the state’s dedication to a sustainable future. With its abundant solar resources and visionary government initiatives, Rajasthan has emerged as a frontrunner in the adoption of clean energy solutions. The AVVL tender for grid-connected solar projects under the PM KUSUM program represents a significant milestone in achieving the state’s renewable energy targets. As the bid submission deadline approaches, IB Solar’s status as an ALMM-approved manufacturer places the company in a favorable position to contribute to Rajasthan’s clean energy revolution. Together, through collaborative efforts and industry leadership, Rajasthan is illuminating the path towards a greener, more sustainable future powered by the sun.

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Top 10 Solar Power Plants in India

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The Top 10 Solar Power Plants in India are a diverse and impressive list of projects that showcase the country’s commitment to harnessing the power of the sun. From the world-renowned Bhadla Solar Park to the innovative IB Solar panels, and the massive Adani Solar development, each of these projects represents a unique and innovative approach to solar energy.

Please add images for all the solar parks individually

1. Bhadla Solar Park, Rajasthan

The world’s largest solar park, Bhadla is located in an inhospitable region with extreme heat and frequent sandstorms. Despite this, the park has a capacity of 2,245 MW and is set to become the world’s largest fully commissioned PV project.

2. Pavagada Solar Park, Karnataka

Spread over an area of 53 square kilometres, Pavagada Solar Park is the world’s second-largest photovoltaic solar park with a capacity of 2,050 MW, powering 5 villages in the region.

3. Kurnool Ultra Mega Solar Park, Andhra Pradesh

Spread over an area of 53 square kilometres, Pavagada Solar Park is the world’s second-largest photovoltaic solar park with a capacity of 1000 MW.

4. NP Kunta –  Andhra Pradesh

The NP Kunta Ultra Mega solar park with a capacity of 978.5 MW located in Nambulapulakunta Mandal of Kadiri Constituency in Sri Sathya Sai district of Andhra Pradesh boasts a total area of 32 square kilometers. This sprawling solar park, also known as Ananthapuram-I Ultra Mega Solar Park or Kadiri Ultra Mega Solar Park, is just 35 km away from the city of Kadiri.

The park’s first phase was commissioned on May 9th, 2016 with a capacity of 200 MW. An additional 50 MW was added on July 29th, 2016. The second phase, which was planned to have a capacity of 750 MW, was expected to be commissioned by March 2018.

5. Charanka Solar Park, Gujarat

Initiated in 2012 by the Chief Minister of Gujarat Narendra Modi, it was home to around 250 MW limit at first. On 19 April 2012, a sum of 214 megawatts (287,000 hp) was commissioned.[2] It likewise turned into the world’s third biggest photograph voltaic power station.

The venture’s essential designer, the Gujarat Power Organization Restricted (GPCL) said in April 2018 that further limit expansion of 150 MW taking them all out to 790 MW might be settled on before long given the accessibility of land in the Park.

The introduced age limit is at around 615 MW as of now, having been appointed by 31 engineers in the Sun-powered Park. GACL (Gujarat Alkalies and Synthetic substances Restricted) is setting up a 30 MW Sunlight based PV plant, and GNFC (Gujarat Narmada Valley Manures and Synthetics) is currently setting up a 10 MW project.

6. Rewa Ultra Mega Solar, Madhya Pradesh

Rewa Ultra Mega Solar is a pioneering project in India, as it is the first to break the grid parity barrier and is one of the largest solar power plants in the country and Asia of 750 MW Rewa Ultra Mega Solar Power Project (Rewa UMSPP) is one of the largest single-site solar power plants in the world, which is spread over an area of 1590 hectares in the Rewa district of Madhya Pradesh.

The project is implemented by Rewa Ultra Mega Solar Limited (RUMSL), a joint venture between Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) and the Solar Energy Corporation of India (SECI). Additionally, it is the first project in India to supply power to an inter-state open-access customer, such as the Delhi Metro, and also the first to use solar power for railway traction.

7. Kamuthi Solar Power Project, Tamil Nadu

Kamuthi Solar Power Project – Spread over an area of 2,500 acres in Tamil Nadu, the Kamuthi Solar Power Project is a large-scale photovoltaic power station that showcases India’s dedication to sustainable energy.

8. Ananthapuramu – II, Andhra Pradesh

Ananthapuramu-II Ultra Mega Solar Park is a one-of-a-kind solar project, currently owned by Andhra Pradesh Power Generation. Spread over 1,000 acres of land, the project generates 446GWh of electricity and is capable of powering 150,000 households, offsetting 246,000 tons of carbon dioxide emissions (CO2) annually.

The project also boasts an impressive cost of $206.84 million and comprises 848,680 modules. This project is a major milestone in the state’s journey towards clean and sustainable energy production. It is a unique example of how large-scale solar projects can make a significant impact on the environment and the community by reducing carbon emissions and providing clean energy.

9. Galiveedu solar park, Andhra Pradesh

Galiveedu Ananthapuramu Mega Solar PV Park is a ground-mounted solar project planned in Andhra Pradesh, India. Currently, in the announced stage, the project will be developed in a single phase and is expected to commence construction in 2022, with commercial operation beginning in 2024. With an estimated cost of $69.8 million, this project will be a major milestone in the state’s transition toward clean and sustainable energy production.

This project is unique in its location and size of the project, as it is planned in Ananthapuramu which is known for its rich cultural heritage and ancient temples, this project will not only help in reducing the carbon footprint but also provide clean energy to the local community while preserving the cultural heritage of the place. This project is a perfect example of how renewable energy can be implemented without compromising on the natural and cultural heritage of a place.

10. Mandsaur Solar Farm, Madhya Pradesh

Mandsaur Solar Farm is a 250 MW power plant in Madhya Pradesh, built mainly on non-agricultural land using domestically manufactured solar cells and modules. It was developed by NTPC under the “Make in India” initiative and inaugurated in 2018 by the chief minister of Madhya Pradesh. This is one of the largest solar plants in the state and the country, with an investment of INR 1,500 crore.

India has truly emerged as a global leader in the field of renewable energy, particularly in the development of large-scale solar projects. From the Bhadla Solar Park, the world’s largest solar park to the Kurnool Ultra Mega Solar Park, the country boasts an impressive portfolio of solar projects that showcase its commitment to sustainable energy.

Additionally, projects like Rewa Ultra Mega Solar and Mandsaur Solar Farm have set new benchmarks in the renewable energy sector by breaking grid parity barriers and using domestically manufactured solar cells and modules. This not only promotes self-reliance but also helps in the creation of jobs in the country.

One such company that is making a significant contribution to India’s growing renewable energy sector is IB Solar. With its state-of-the-art manufacturing facility in Noida and an annual capacity of 90 MW, the company has been providing high-quality solar cells and modules to various solar projects. The company has plans to upgrade its capacity to 500MW by 2023, which will greatly contribute to India’s ambitious renewable energy goals.

In conclusion, India’s growing portfolio of large-scale solar projects and the contributions of companies like IB Solar, showcase the country’s dedication to sustainable energy and its potential for large-scale renewable energy development. With such a wide range of initiatives being implemented, India is well on its way to achieving its renewable energy goals and promoting sustainable development.

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