Promoted by Eversource Capital, Ecofy aims to be a catalyst in accelerating the transition towards a net zero carbon world
Overall, only a third of India's residential rooftop solar capacity has been installed
Residents of India's first solar-powered village hope for reduced bills, iconic Sun Temple gets light show boost
A streamlined policy could have helped save coal reserves, cut emissions & averted embarrassment of dealing with frequent power crises
Though expensive initially, rooftop solar installations usually pay for themselves in seven years max. Any power that they generate after that is free for the next 18 years
The current cumulative installed capacity is 33.7 MW which is intended to be increased to 40 MW in the next two years
India is aiming to install 100 Gw of solar power by 2022, of which 40 Gw is to come from solar rooftop
At the end of FY19, the overall installed rooftop solar capacity stood at 4,375 Mw, soaring 72 per cent over FY18
India plans to generate 175 GW of electricity from renewable energy sources by 2022 requiring an investment of nearly $100 bn