Paddi, Ludhiana: Kreate Energy Pvt. Ltd recently commissioned an 800 kilowatt solar energy plant on the manufacturing unit of Garg Acrylics Ltd., in its bid to switch to green energy.
Developed by Kreate Energy Pvt. Ltd., the solar plant will produce pollution-free solar energy of 30,325 million units over the system’s lifespan. Through this installation, Garg Acrylics plans to mitigate its CO2 emissions by 27,900 tonnes over the coming 25 years.
With less than four years left to meet its target of installing 40,000 megawatt (MW) of rooftop solar power capacity by 2022, India has installed just about 2,538 MW as of March 2018, a full 94 per cent short of target. India’s ambitious target is backed by a 30 per cent subsidy for residential buildings. However this has failed to enthuse home owners, the majority of whom pay small electricity bills and find the cost of solar equipment a deterrent in comparison.
Commercial and industrial building owners have shown more enthusiasm as their large power bills justify the expense of solar power systems and avail benefits of trading in RECs, even though they get no subsidy.