The high load requirement and large available rooftop area compared to commercial and domestic consumers make solar a viable alternative for industries. Often, the other incentive for many big industries to use ‘industrial solar power’ is to show increased share of renewables in their energy portfolio and meet their RPOs (Renewable Purchase Obligations). Industrial firms with captive ‘industrial solar power systems also have the option of availing tax benefits, capital subsidies and other incentives as applicable. Solar power for industry can either be generated from an in-house solar plant (captive model) or through an off-site solar farm. The solar power thus produced can be used for normal day-to-day operations of the plant including lighting, ventilation, and equipment power supply. There are certain industrial firms in India which are meeting close to 30% of their power requirements through solar energy. The solar power system used by industries can be equipped with a battery storage system also. The battery storage makes the solar plant even more relevant when it comes to reducing the electricity cost. The in-house PV plant can be owned and operated by the industrial firm (CAPEX Model) or by a 3rd party which owns and operates the plant and sells solar power produced back to the firm (OPEX Model). It is feasible for big industries with very high load requirements to get installed captive solar power plants within their facilities. Solar developers in India are building solar parks in different states for catering to requirements from a group of small industries operating in the nearby area.
Solar power plant for Commercial sectors, Institutions and Medica Sector Under Subsidy Scheme