India's energy mix is undergoing a transformation, with the solar energy sector rapidly expanding. This transformation is crucial, given that almost two-thirds of India's energy comes from fossil fuels, primarily coal. In this context, Rajasthan has emerged as a leader in solar energy generation. Two prestigious institutions in the state's capital, Jaipur, have adopted innovative approaches to harness the power of the sun and bring down the cost of solar energy.
Amity University Geopark and Manipal University have embraced the concept of rooftop solar panel installations, following the Operating Expenses (OpEx) model. Under this model, the solar developer assumes ownership of the solar project, and the consumer only pays for the energy generated. This approach, also known as the Renewable Energy Service Company (Resco) model, has proven to be a win-win for both the universities and the green energy business.
Amity University's Geopark, for instance, boasts a 99-kilowatt solar project that provides 505 kilowatts of power to the solar system. Utilizing advanced technology trackers, they optimize solar radiation to maximize power generation. This project accounts for half of the city's energy needs. Similarly, Clean Max has installed an 800-kilowatt rooftop solar system in Moneyball, Jaipur, covering 25% of their energy requirements. The question then arises, what about the remaining energy needs, and how does the billing work?
Net metering is the answer. It's an electric billing tool that uses the state electric grid to store excess energy produced by solar panels. When solar panels generate surplus power, it is sent to the grid and can be drawn upon when the solar plants are not operating, such as during nights or cloudy days. Customers are billed only for their net energy usage. This policy significantly reduces energy costs and promotes the creation of small power generation units across the country. It eliminates the need for expensive battery banks and regular maintenance. Proper operation and maintenance of the panels are essential.
The OpEx model, which Clean Max follows, means that the solar developer bears the entire cost of the solar project's lifecycle. They install the solar plant on the client's premises and sign a purchase agreement. The client procures power from Clean Max for a specified period, typically 10, 15, or 25 years. This approach is based on an optimal solution that considers the client's energy needs and available space. In the case of the two universities, they are purchasing green power from Clean Max in Rajasthan at a rate significantly lower than conventional sources. This not only reduces their electricity costs but also enables them to use green power to energize their campuses.
Clean Max benefits from energy sales, and the return on investment typically occurs within 4 to 5 years. Beyond this point, energy sales contribute to profits, making solar energy a scalable solution that can meet various demands. Even small educational institutions, such as primary schools in villages, can benefit from solar energy. A two-kilowatt solar system can power a school and feed surplus energy into the grid, allowing the school to earn additional revenue. This scalability extends to different sectors, reducing the demand for electricity generated through traditional means and preserving the environment.
India's ambitions in solar energy are substantial. The country aims to expand its solar energy capacity from 63.3 gigawatts to 500 gigawatts by 2030, marking one of the world's most significant renewable energy expansion plans. Currently, senior consumers and private institutions account for 50% of the power consumed in the country. By transitioning them to green energy, India can make considerable progress in reducing its reliance on traditional energy sources, thereby facilitating a cleaner and more sustainable energy future.
In summary, Rajasthan's adoption of the OpEx model, net metering, and scalable solar solutions are contributing to the transformation of India's energy landscape. These innovations are not only reducing the cost of solar energy but also promoting sustainability and environmental preservation on a large scale. As India works towards its ambitious solar energy goals, it is clear that these innovative approaches are key to achieving a greener and more sustainable future.
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