Latest news with #RESCO
Time of India
16-07-2025
- Business
- Time of India
10k connections, Rs 160 crore savings for consumers: Delhi gets a solar boost
New Delhi: The BSES discoms, BRPL and BYPL, energised over 10,000 solar connections in Delhi, contributing 220 Megawatt peak (MWp) of green energy and helping consumers save Rs 160 crore annually. The highest number of installed rooftop solar net metering connections, about 6,900, is in the domestic category, followed by 1,771 commercial, nearly 1,000 educational, 165 industrial, and 240 other types, said a BSES spokesperson. Nearly 125 residential societies opted for rooftop solar with a load of 5.5 MWp. Every kilowatt (kW) of rooftop solar power generates about 100 to 120 units of electricity every month, and the system's cost can be recovered in three to four years, the official said. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi A 10 kW domestic rooftop solar plant can save around Rs 86,400 annually, besides benefiting the consumers with a subsidy of Rs 1.08 lakh provided under the PM Surya Ghar Muft Bijli Yojana and Delhi Solar Policy. Rooftops are the new power plants, and their number is rising across south, west, east and central Delhi areas covered by BRPL and BYPL, said the BSES spokesperson. "(Rooftop solar net metering connections)...is by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo also doing its bit to reduce Delhi's pollution besides helping consumers save Rs 160 crore annually," the official stated. The response of the people towards this system is "overwhelming," and consumers from various segments, including residential and commercial establishments, are embracing it "enthusiastically," the official added. The Delhi govt's latest hybrid renewable energy service company (RESCO) scheme will further accelerate rooftop solar adoption in the city, the discom spokesperson said. Consumers can choose between capital expense (Capex) and hybrid RESCO models for the installation of rooftop solar power panels. Under RESCO, consumers will be able to go solar with zero capital investment. In Delhi, although the domestic category leads in terms of the number of solar connections (over 6,900), the highest energised solar load (81 MWp) falls under the commercial category, the official said. The annual savings of the consumers adopting rooftop solar total approximately Rs 160 crore, with the commercial category estimated to save Rs 80 crore, followed by the residential category (Rs 35 crore), educational institutions (around Rs 30 crore), others (Rs 12 crore), and industrial (Rs 12 crore).
Time of India
16-07-2025
- Business
- Time of India
Delhi updates Solar Energy policy, trebles subsidy
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Delhi government on Wednesday amended the Delhi Solar Energy Policy , 2023, increasing the subsidy for households to ₹10,000 per kW for rooftop solar systems up to 3 kW, with a maximum subsidy of ₹30,000 per changes, aimed at boosting rooftop solar adoption, are effective from July the government provided a subsidy of ₹2,000 per kW, capped at ₹10, amendment also introduced a new capital subsidy for group housing societies and resident welfare associations. These entities will now be eligible for ₹2,000 per kW for solar systems for common facilities, including electric vehicle charging infrastructure for systems up to 500 policy also refined the hybrid renewable energy service company, or the RESCO model, a financing structure where solar installations are funded and owned by the updated model, consumers will pay the RESCO developer through their regular electricity bills, which will remove the need for upfront investment and simplify the billing process through distribution subsidies will be credited directly to consumers' bank accounts, with application data sourced either from the National Rooftop Solar Portal of the PM Suryaghar Muft Bijli Yojana or the Delhi Solar Portal , depending on the channel amendment also provides flexibility in the application process.
Time of India
16-07-2025
- Business
- Time of India
Over 10K solar connections energised in Delhi; consumers save ₹160 crore annually: BSES
New Delhi : The BSES discoms, BRPL and BYPL, have energised over 10,000 solar connections in Delhi , contributing a 220 Megawatt peak (MPp) of green energy and helping consumers save annually ₹160 crore. The highest number of installed rooftop solar net metering connections (about 6,900) is in the domestic category, followed by 1,771 commercial, nearly 1,000 educational, 165 industrial and 240 other types, said a BSES spokesperson. Nearly 125 residential societies have opted for rooftop solar with a load of 5.5 MWp. Every kilowatt (kW) of rooftop solar power generates about 100-120 units of electricity every month, and the system's cost can be recovered in three to four years, the official said. A 10 kW domestic rooftop solar plant can save around ₹86,400 annually, besides benefitting the consumers with a subsidy of ₹ 1.08 lakh provided under the PM Surya Ghar Muft Bijli Yojana and Delhi Solar Policy . Rooftops are the new power plants, and their number is rising across South, West, East and Central Delhi areas covered by BRPL and BYPL, said the BSES spokesperson. "(Rooftop solar net metering connections)...is also doing its bit to reduce Delhi's pollution besides helping consumers save annually ₹160 crore," the official stated. The response of the people towards this system is "overwhelming" and consumers from various segments, including residential and commercial establishments, are embracing it "enthusiastically", the official added. Delhi government's latest hybrid renewable energy service company (RESCO) scheme will further accelerate rooftop solar adoption in the city, the discom spokesperson said. Consumers can choose between capital expense (Capex) and hybrid RESCO models for the installation of rooftop solar power panels. Under RESCO, consumers will be able to go solar with zero capital investment. In Delhi, although the domestic category leads in terms of number of solar connections (over 6,900), the highest energised solar load (81 MWp) falls under the commercial category, the official said. The annual savings of the consumers adopting rooftop solar total approximately ₹160 crore, with the commercial category estimated to save ₹80 crore, followed by the residential category (₹35 crore), educational institutions (around ₹30 crore), others (₹12 crore) and industrial (₹12 crore), the spokesperson informed.
Time of India
10-07-2025
- Business
- Time of India
Delhi civic body likely to install rooftop solar panels on 989 buildings to cut power costs
NEW DELHI: The Municipal Corporation of Delhi (MCD) is likely to install rooftop solar power plants on 989 municipal buildings in a bid to reduce dependency on conventional power sources and lower electricity costs, officials said on Wednesday. The project will be executed in collaboration with NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC. Under the RESCO model, the executing agency bears the cost of installation, operation, and maintenance and is reimbursed over time through a fixed tariff per unit of solar energy generated, as agreed upon in a Power Purchase Agreement (PPA). In a push towards renewable energy adoption and reducing dependency on conventional power sources, the civic body has estimated a potential of 10 to 15 megawatt (MW) solar capacity across the proposed buildings. However, this is subject to the outcome of a detailed investment-grade energy audit. At present, the MCD has installed a total of 574 solar photovoltaic (PV) plants on its buildings, with a cumulative capacity of 13.25 MWp. These include installations carried out under various models across the erstwhile South, North, and East Delhi municipal corporations. Notably, under an agreement signed between 2022 and 2024 with NVVN, 26 rooftop plants with a combined capacity of 1.08 MWp were commissioned at a levelised tariff of Rs 4.72 per kWh. With NVVN currently having around 10-15 MW of spare capacity available from its ongoing rooftop solar projects on Delhi Police buildings under the Ministry of Home Affairs, the MCD plans to utilise this surplus to fast-track solar deployment on its properties. According to officials, the indicative tariff proposed for these new installations ranges from Rs 4.25 to Rs 4.92 per unit, depending on rooftop capacity. This is considered financially more viable than the rates quoted by the Delhi government-owned IPGCL, whose proposal has now been set aside. The proposal has been listed in the agenda for the upcoming MCD House meeting scheduled for Thursday. Officials asserted the MCD's proposed solar expansion will not only help reduce electricity costs but also support the country's broader clean energy goals. Once implemented, the project will cover nearly a thousand buildings, including schools, offices, and community facilities under the civic body's jurisdiction. The Ministry of New and Renewable Energy (MNRE), in a directive issued in January 2024, designated NTPC as the Renewable Energy Implementing Agency (REIA) for Delhi to fast-track rooftop solar implementation across government buildings. As part of India's Nationally Determined Contributions (NDCs) under the UN Framework Convention on Climate Change (UNFCCC), the country aims to achieve 50 per cent of its installed electricity capacity from non-fossil fuel sources by 2030 and reduce emissions intensity by 45 per cent, according to the documents.
Time of India
09-07-2025
- Business
- Time of India
MCD likely to install rooftop solar panels on 989 buildings to cut power costs
The Municipal Corporation of Delhi (MCD) is likely to install rooftop solar power plants on 989 municipal buildings in a bid to reduce dependency on conventional power sources and lower electricity costs, officials said on Wednesday. The project will be executed in collaboration with NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC. Under the RESCO model, the executing agency bears the cost of installation, operation, and maintenance and is reimbursed over time through a fixed tariff per unit of solar energy generated, as agreed upon in a Power Purchase Agreement (PPA). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Pay Full Price for 2025's Top Games! Shop Now Undo In a push towards renewable energy adoption and reducing dependency on conventional power sources, the civic body has estimated a potential of 10 to 15 megawatt (MW) solar capacity across the proposed buildings. However, this is subject to the outcome of a detailed investment-grade energy audit. At present, the MCD has installed a total of 574 solar photovoltaic (PV) plants on its buildings, with a cumulative capacity of 13.25 MWp. These include installations carried out under various models across the erstwhile South, North, and East Delhi municipal corporations. Live Events Notably, under an agreement signed between 2022 and 2024 with NVVN, 26 rooftop plants with a combined capacity of 1.08 MWp were commissioned at a levelised tariff of Rs 4.72 per kWh. With NVVN currently having around 10-15 MW of spare capacity available from its ongoing rooftop solar projects on Delhi Police buildings under the Ministry of Home Affairs, the MCD plans to utilise this surplus to fast-track solar deployment on its properties. According to officials, the indicative tariff proposed for these new installations ranges from Rs 4.25 to Rs 4.92 per unit, depending on rooftop capacity. This is considered financially more viable than the rates quoted by the Delhi government-owned IPGCL, whose proposal has now been set aside. The proposal has been listed in the agenda for the upcoming MCD House meeting scheduled for Thursday. Officials asserted the MCD's proposed solar expansion will not only help reduce electricity costs but also support the country's broader clean energy goals. Once implemented, the project will cover nearly a thousand buildings, including schools, offices, and community facilities under the civic body's jurisdiction. The Ministry of New and Renewable Energy (MNRE), in a directive issued in January 2024, designated NTPC as the Renewable Energy Implementing Agency (REIA) for Delhi to fast-track rooftop solar implementation across government buildings. As part of India's Nationally Determined Contributions (NDCs) under the UN Framework Convention on Climate Change (UNFCCC), the country aims to achieve 50 per cent of its installed electricity capacity from non-fossil fuel sources by 2030 and reduce emissions intensity by 45 per cent, according to the documents.
