The international photovoltaic retailer Krannich Solar is continuing its global expansion and opening a branch close to the Indian port city of Mumbai. The market on the Indian Subcontinent has so far been managed from Germany by the international Sales department. Founding this branch acknowledges the high dynamic growth in the market for rooftop systems. Krannich Solar will thus be able to offer its Indian customers storage and logistics solutions along with services.
Krannich Solar will also exhibit for the first time in India from the 18 – 20 September 2018 at the Renewable Energy India. Effective solutions for the Indian PV market will be presented under the motto “Solar PV distributor since 1995”. Trade visitors can see for themselves in Hall 9, Stand Nor. 62.
30 percent grant for building owners
By the end of March 2018, a total of 1.7 GW of PV modules were installed on roofs in India. Over 560 MW of these were built last year. Up until now, it has primarily been state institutions and public companies that have had PV systems installed. However, the central government and federal states are working on simplified funding and approval mechanisms to attract private companies and individuals towards investing in a PV system. To this end, some federal states and utilities have passed regulations for net metering. Building owners also receive a grant of 30 percent of the procurement costs along with subsidy payments for feeing the solar electricity into the grid.
Growing private and commercial PV market in India
“That makes photovoltaic systems increasingly attractive to private households and commercial enterprises”, states Kurt Krannich, the PV retailer’s founder and owner. “We’re witnessing a continuous rise in the enquiries for photovoltaic systems, especially for commercial enterprises and private households. Just the right segment for us as a retailer. Plus we expect this market to keep on growing strongly over the next few years.”
Replace expensive diesel generators
Building owners in India fret about a reliable energy supply on an almost daily basis. Power cuts are frequent and entail the use of expensive diesel generators. PV systems with storage units could replace extensively replace these. Households and business owners with high electricity consumption will also find it attractive to have their own solar energy, as electricity prices rise massively in line with the quantities purchased.
40 GW rooftop solar until 2022
Enjoying around 300 days of sunshine a year, India’s solar potential is one of the highest in the world. India is one of the few countries to have surpassed the figure of 10 GW installed solar electricity capacity. In 2015, Prime Minister Narendra Modi announced his government’s plan to install 100 GW of solar power by 2022, 40 GW of this from rooftop systems. (HCN)
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More useful information:
https://www.pveurope.eu/financing/ibc-solar-expands-india-new-epc-project-225-mw-rajasthan
https://www.pveurope.eu/Company-News/Photovoltaik-Institut-Berlin-creates-subsidiary-in-India
