{"id":121048,"date":"2024-07-19T20:06:19","date_gmt":"2024-07-19T14:36:19","guid":{"rendered":"https:\/\/pwonlyias.com\/stage\/?post_type=current-affairs&#038;p=121048"},"modified":"2025-02-13T11:29:43","modified_gmt":"2025-02-13T05:59:43","slug":"india-to-expand-rooftop-solar-with-adb","status":"publish","type":"current-affairs","link":"https:\/\/pwonlyias.com\/stage\/current-affairs\/india-to-expand-rooftop-solar-with-adb","title":{"rendered":"India to Expand Rooftop Solar with $240.5 Million from ADB"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/pwonlyias.com\/stage\/current-affairs\/asian-development-bank-loan-to-maharashtra\/\"><b>Asian Development Bank (ADB) <\/b><\/a><span style=\"font-weight: 400;\">has approved a loan of $240.5 million to enhance the installation of rooftop solar systems throughout India.\u00a0<\/span><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Objectives<\/b><\/span><\/h2>\n<ul>\n<li><b>Expand Renewable Energy Access: <\/b><span style=\"font-weight: 400;\">Increase the availability and use of renewable energy sources.<\/span><\/li>\n<li><b>Support Government Goals: <\/b><span style=\"font-weight: 400;\">Aid India&#8217;s efforts to have non-fossil fuel energy sources make up about 50% of the country&#8217;s total electric power capacity by 2030.<\/span><\/li>\n<li><b>ADB&#8217;s Mission<\/b>\n<ul>\n<li><b>Institution Overview<\/b><span style=\"font-weight: 400;\">: Established in 1966, ADB is owned by 68 members, including 49 from the Asia-Pacific region.<\/span><\/li>\n<li><b>Goals<\/b><span style=\"font-weight: 400;\">: ADB is committed to fostering a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while working towards eradicating extreme poverty.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/www.pw.live\/batches\/upsc?utm_source=seo+upsc+batch&#038;utm_medium=seo+upsc&#038;utm_campaign=seo&#038;utm_id=upsc\" target=\"_blank\" rel=\"noopener\">Enroll now for UPSC Online Course<\/a><\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><span style=\"font-size: 16pt;\"><b>ADB Financing for Rooftop Solar Systems<\/b><\/span><\/h3>\n<ul>\n<li><span style=\"font-weight: 400;\">The Asian Development Bank (ADB) will channel its $240.5 million financing through two major institutions: the State Bank of India (SBI) and the <a href=\"https:\/\/pwonlyias.com\/stage\/nabard-transforming-rural-india\/\">National Bank for Agriculture and Rural Development (NABARD)<\/a>. This funding aims to support both developers and end-users in the installation of rooftop solar systems.<\/span><\/li>\n<\/ul>\n<\/li>\n<li>\n<h4><span style=\"font-size: 15pt;\"><b>Distribution of Funds<\/b><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>State Bank of India (SBI)<\/b><span style=\"font-weight: 400;\">: Receives $90.5 million from ADB&#8217;s Clean Technology Fund (CTF).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>National Bank for Agriculture and Rural Development (NABARD)<\/b><span style=\"font-weight: 400;\">: Allocated $150 million, with $80 million from ADB&#8217;s ordinary capital resources and $70 million from the CTF.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span style=\"font-size: 18pt;\"><b>About Rooftop Solar<\/b><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-121034 alignright\" src=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/07\/193-669a739b77841.webp\" alt=\"rooftop solar\" width=\"552\" height=\"244\" srcset=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/07\/193-669a739b77841.webp 957w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/07\/193-669a739b77841-300x133.webp 300w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/07\/193-669a739b77841-768x339.webp 768w\" sizes=\"(max-width: 552px) 100vw, 552px\" \/><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"><a href=\"https:\/\/pwonlyias.com\/stage\/current-affairs\/indias-rooftop-solar-potential\/\">Rooftop solar<\/a> is related to the installation of solar panels on the roofs of buildings to generate electricity from sunlight.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">A typical solar rooftop system includes several key components:<\/span>\n<ul>\n<li aria-level=\"2\">\n<h4><span style=\"font-size: 15pt;\"><b>Main Components<\/b><\/span><\/h4>\n<ul>\n<li><b>Solar Modules: <\/b><span style=\"font-weight: 400;\">Capture sunlight and convert it into electricity.<\/span><\/li>\n<li><b>Solar Inverters: <\/b><span style=\"font-weight: 400;\">Convert the generated DC\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"1\"><b>India\u2019s rooftop solar Potential<\/b>\n<ul>\n<li><span style=\"font-weight: 400;\">India&#8217;s residential rooftop solar potential is around <\/span><b>637 GW.<\/b>\n<ul>\n<li><span style=\"font-weight: 400;\">The report of <\/span><b>Council on Energy, Environment and Water (CEEW) 2023<\/b><span style=\"font-weight: 400;\"> shows that over 250 million households in India have the technical capacity to install rooftop solar panels on their rooftop.\u00a0<\/span>\n<ul style=\"list-style-type: disc;\">\n<li><b>Technical potential concentration: <\/b><span style=\"font-weight: 400;\">More than 60% technical potential is concentrated in seven states &#8211;<\/span><b> Assam, Bihar, Odisha, Madhya Pradesh, Rajasthan, Jharkhand, and Uttarakhand.<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"2\"><b>2024 solar rooftop capacity:<\/b><span style=\"font-weight: 400;\"> In March, total residential installed rooftop capacity reached around<\/span><b> 11.87 GW.<\/b>\n<ul>\n<li><span style=\"font-weight: 400;\">This rise shows the highest\u00a0 annual growth to date.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The installed rooftop capacity is forecasted to<\/span><b> reach 4GW of capacity in 2024.\u00a0<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span style=\"font-size: 18pt;\"><b>Benefits of Rooftop Solar Installations<\/b><\/span><\/h2>\n<ul>\n<li><b>Reduced Strain on Power Distribution: <\/b><span style=\"font-weight: 400;\">By generating electricity closer to the point of consumption, rooftop solar installations reduce the load on the overall power distribution system.<\/span><\/li>\n<li><b>Minimized Transmission Losses: <\/b><span style=\"font-weight: 400;\">Generating electricity locally helps curtail long-distance transmission losses.<\/span><\/li>\n<li><b>Enhanced Energy Independence: <\/b><span style=\"font-weight: 400;\">Rooftop solar systems contribute to energy independence and reduce power supply disruptions.<\/span><\/li>\n<li><b>Clean Energy Production: <\/b><span style=\"font-weight: 400;\">Solar energy is a green and renewable resource that generates power without emitting greenhouse gases during operation.\u00a0<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">By installing rooftop solar panels, both households and businesses can markedly reduce their carbon footprint and help combat climate change.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Sustainable Source: <\/b><span style=\"font-weight: 400;\">Solar energy is inexhaustible and relies on the sun, which is a constant and renewable source of power.\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">As long as sunlight is available, solar panels will continuously produce electricity, unlike finite fossil fuels.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/store.pw.live\/govt-entrance-exams\/upsc-books?utm_source=SEO&#038;utm_medium=PW+Live&#038;utm_campaign=UPSC+CSE+Books\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Check Out UPSC CSE Books From PW Store<\/span><\/a><\/span><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Challenges of Rooftop Solar<\/b><\/span><\/h2>\n<ul>\n<li><b>High Initial Costs:<\/b><span style=\"font-weight: 400;\"> Installing a rooftop solar system involves significant initial expenditure.\u00a0<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">However, this cost is often balanced by long-term reductions in energy bills and the availability of government incentives.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Dependence on Sunlight: <\/b><span style=\"font-weight: 400;\">Solar power generation is reliant on sunlight, which can vary due to weather conditions and the time of day.\u00a0<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">To ensure a steady power supply, it may be necessary to use storage solutions, such as batteries, or maintain a connection to the electricity grid.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Maintenance Requirements<\/b><b>: <\/b><span style=\"font-weight: 400;\">Solar panels need regular cleaning and maintenance to operate effectively. Factors such as dust, debris, and shading can impact their performance, necessitating periodic attention.<\/span><\/li>\n<li><b>Regulatory and Technical Challenges<\/b><b>: <\/b><span style=\"font-weight: 400;\">In certain areas, regulatory issues, insufficient infrastructure, or technical constraints may hinder the widespread adoption of rooftop solar systems.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-size: 18pt;\"><b>Government Initiatives to Promote Solar Energy<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">India has implemented several initiatives to advance solar energy and enhance its renewable energy infrastructure.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>FDI in Renewable Energy<\/b><span style=\"font-weight: 400;\">: Allows up to 100% foreign investment in renewable energy projects to boost international involvement.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>One Sun, One World, One Grid<\/b><span style=\"font-weight: 400;\">: Aims to create a global solar power grid for enhanced international solar energy cooperation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/pwonlyias.com\/stage\/current-affairs\/green-energy-corridor\/\"><b>Green Energy Corridor<\/b><\/a><span style=\"font-weight: 400;\">: Develops infrastructure to efficiently transmit renewable energy and integrate it into the national grid.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Solar Park Scheme<\/b><span style=\"font-weight: 400;\">: Establishes large-scale solar parks with infrastructure support for solar power projects.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/pwonlyias.com\/stage\/kusum-scheme\/\"><b>PM-KUSUM<\/b><\/a><span style=\"font-weight: 400;\">: Supports solar energy use in agriculture, including solar pumps for farmers.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/www.pw.live\/batches\/upsc\/pw-only-ias?utm_source=seo+upsc+batch&#038;utm_medium=seo+upsc&#038;utm_campaign=seo&#038;utm_id=upsc\" target=\"_blank\" rel=\"noopener\">Enroll now for UPSC Online Classes<\/a><\/span><\/p>\n<table style=\"width: 100.126%;\">\n<tbody>\n<tr>\n<td style=\"width: 138.013%; 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