India’s Green Companies are seeing tremendous growth backed by the nation’s massive energy demand increase.The 8% Plus Economic Growth coupled with the already massive electricity deficit which makes brownouts of 8 hours a day normal in many places in the country provides the macro background underpinning the growth.India’s Green Industry is still in a nascent state compared to the massive solar and wind industries in countries like China and Germany.However attracted by the massive potential a number of companies small and large have entered the fray.Most of India’s large energy groups,utilities have already established a small presence or are in process of doing so.While Wind Energy is the largest Renewable Energy Industry in India after Hydro Electricity,Geothermal Energy is non-existent without a single large commercial plant.Biomass Energy is quite well developed and Solar Energy is the fastest growing Green Industry.Here is a comprehensive list of the Green Companies in India operating in the different Alternative Energy Sectors.

Wind Power Companies in India

1) Suzlon EnergySuzlon Energy is the biggest Wind Energy Company by far with 4-5 Gigawatts of WTG Capacity per year.Its subsidiaries Hansen Transmission and RePower are also big players in the Wind Energy in Europe.The Company has seen its revenues and profits take a huge hit in recent times but has been recovering slowly.

2) RRB Energy – The company has a long history and manufactures Wind Turbines at its plants in Tamil Nadu.The Company has a capacity of 300 MW which it is expanding to 700 MW.The Company makes only 2 models with power rating of 600 Kw and 1.8 MW.Merill Lynch has made a small investment in this company.

3) NEPC India – This company was one of the wind energy heavyweights and a stock market darling earlier.However It no longer remains an active player in the Indian market .Heavy Debt and Bad Management drove to this company to the ground despite being a pioneer in the Indian Wind Power Market.

4) Auro Mira Energy – The company is more of a Green Utility rather than a full fledged WEG manufacturer.It has made plans to manufacture Wind Turbines in the future.It has attracted funds from Baring and IFC to push forward its Green Plans.Auro Mira Energy is a Tamil Nadu based Green Utility backed by a clutch of PE investors like IFC etc.It has 2 biomass plants of 7.5 MW and 10 MW and plans to build around 100 MW of hydro and biomass capacity over the next 2-3 years.

5) Regen Powertech – It is a small scale WTG Supplier like RRB Energy which recently set up a small 300 MW manufacturing facility in Tada,Andhra Pradesh recently.The company licenses technology from Vensys to manufacture 1.5 MW gear-less Wind Turbines.The company has managed to supply both big and small wind farms over the last 2 years.The company is supported by the PE arm of Future Group.

6) WinWind – The company is not exactly a domestic company rather one with a Finnish Origin.It is owned by the Abu Dhabi Masdar ,Siva Group and the government of Finland.It has recently established a 1000 MW capacity in Venga,Tamil Nadu and also has a 500 MW plant in Finland as well.The company plans to producer 3 MW Turbines at its Indian plant as well.

7) Pioneer Wincon – The company is a JV between the Pioneer Group and Wincon of Denmark.It makes small 250 KW Turbines and is a bit player with 30 years of operations in India.The Company remains a small static player in the Wind Energy Market of India.

8) Chiranjeevi Wind Energy – A Small bit player like Pioneer Wincon which engages mostly in the sale of small 250 KW Wind Turbines.Like Pioneer Wincon it has sold a number of these Turbines to small companies mainly in the Southern Part of India.

9) Lietnar Shriram Limited – The company is a 50:50 JV betwen the Shriram Group of India and Lietnar of Italy.The company makes gearless turbines of 1.5 MW capacity and has supplied to small farms in Maharashtra.The company has a major inhouse customer in the form of Orient Green Power which is building a 300 MW farm in Tamil Nadu using Lietnar Shriram Wind Turbines.

10) Kenersys – The company is part of the Baba Kalyani Group which is a major forgings manufacturer in India.It was bought over in 2007,when the Kalyani Group and PE firm First Reserve bought over the German company RSB Consult.The Company mainly  makes 2 and 2.5 MW turbines and has production facilities both in India and Germany.It has wind design capabilities between 1-3.6 MW and with a powerful parent, it could become a success in the future.Amongst the newer wind energy companies like Lietnar,RRB Energy,Regen and WinWind,it looks like the one with most potential.

Alternative Energy Utilities (Major Ones)

CLP Power which is a subsidiary of  Hong Kong-listed Power Company CLP is one of the largest private power generation companies in India The company is the biggest wind farm operator in India with around 450 MW of capacity which it plans to raise by another 50% to around 640 MW.

Tata Power / Tata BP Solar– The biggest private utility in India has big plans for Clean Energy as well.Its subsidiary Tata BP Solar is one of the biggest producers of solar panels and cells in the country.The company has huge plans in wind,solar and geothermal energy.It has also invested in a geothermal energy project in Indonesia..

Orient Green Power – This Chennai based company is the largest Green Utility in India with more than 200 MW of Renewable Energy Capacity mostly in Wind and Biomass.The company came out with one of the biggest IPOs in India in 2010.

Greenko This is one of the biggest Green Utilties in India with around 200 MW of Electricity Capacity predominantly in small hydro and biomass plants.It is listed London’s AIM Exchange and has a top notch managment team.Its recent performance has been quite good and it is expanding rapidly.

Geothermal Energy Companies in India

Geothermal Energy in India is non existent with not a single functioning plant as of 2011.However potential for this renewable energy source exists in a number of sites in India with a total potential of around 10 GW.With the Indian government planning to come out with a draft policy to develop geothermal energy by March 2011,major companies are gearing up to exploit this alternative energy resource.

Thermax – It is a major publicly listed  power equipment company. The company has a JV with  Iceland-based Reykjavik Geothermal  to explore the Ratnagiri region in western Maharashtra state.A pilot 3 MW project is slated to be set up in Puga Valley in Ladakh.

Geosyndicate Power is  founded by D Chandrasekharam, a professor at IIT Bombay. It has already entered into a power purchase agreement (PPA) with Warangal-based Northern Power Distribution Company under the aegis of the Non-conventional Energy Development Corporation of Andhra Pradesh Limited (NEDCAP).The plant should come up by 2012 with  with an initial capacity of 25 MW if the company can managed the financing of  the cost of the $ 64.66 million plant in the Khammam district of Andhra Pradesh (AP).

Panax Geothermal – Panax is an Australian company which has tied up with Geosyndicate to develop a 60 MW plant in Puga,Himachal Pradesh.However the project is still in the very intial stage with permits or a PPA.

Avin Energy – This is a small company which plans to develop a 5 MW plant in Gujarat.However it seems to being having difficulty in finding financing and seems to have changed its focus to solar energy.

LNJ Bhilwara – The LNJ Bhilwara Group had tied up with the now bankrupt Glitnir Bank of Iceland for a $10 million investment into geothermal energy E&P.A with others,nothing has resulted from the JV a nd with one of the partners bankrupt,the future looks quite uncertain.

HydroElectricity Companies in India

NHPC – State owned like NTPC,this hydro power focused power company came out with an IPO with much fanfare.However slow implementation and lower profits have resulted in the stock prices declining a lot.However the company aims to double its electricity generation of 5 GW in the next 5 years or so by focusing on hydel generation in the Northern states of India.

SJVN – SJVN is the second largest hydel power company in India which is a JV between the Indian government and the Himachal Pradesh state.The company owns the largest hydro plant in India the Nathpa Jhakri Hydroelectric 1500 MW Power Project .The company is trying to expand like NHPC but has been facing execution problems.

Other major hydro power focused companies in India are JP Hydro

Solar Power Companies in India

India has a huge potential in Solar Energy Generation which is being strongly supported by the Federal Government under the JNNSM Scheme and by individual States like Gujarat and Rajasthan.Despite some initial hurdles,the long term growth story is strong leading to a rapid growth in the industry.Solar Power Companies in India are growing rapidly with both the private and public sector expanding to take advantage of the exponential growth.

Solar Photovoltaic Companies

Moser Baer – This is primarily a Solar Panel Production Company which has recently made a big bet to get into the Power Production Space as well.Moser Baer Projects Private in which the Blackstone Group made a $300 million bet  has plans of a 20:80 mix of Green and Dirty Power.

Solar Semiconductor – A Producer of Solar Power Modules and Cells. It has some operations in Solar Installation as well.

These companies are similar to Solar Semiconductor in having a small capacity to produce silicon based solar cells or solar panels or both.

IndoSolar

Topsun Solar

Titan Energy

PLG Power

Maharishi Solar

Kotak Urja

Photon Energy Systems

Lanco Solar – A major private utility in India.Has bagged a JNNSM bid to build a big solar thermal plant.Also getting into production of poly,wafers,cell and modules based on c0Si Technology.

BHEL – BHEL which is India’s largest Capital Good makers is the other company with the big solar ambitions.BHEL has strong capabilities in the field of making electricity generating equipment.Extending these capabilities in the field of solar power generation is a natural extension.

BEL – This is another state owned company established by the Indian Government to meet the specialised electronic needs of the Indian defence services.  The company produces consumer products like  , Solar Powered LED-Based Traffic Signal Lights.Tying up with BHEL to set up a big solar equipment producing facility.

SunEdison/MEMC – US Polysilicon and Wafer Producer MEMC bought Sunedison which was one of the largest solar installers in 2008.Now MEMC is strongly expanding the system installation business not only in the US but other parts of the world like India,Europe,Korea,Canada and other places.The company recently installed one of the biggest solar plants in the world in Rovigo,Italy

Delta Electronics – Taiwanese Giant Electronics Firm is setting up a production base in Chennai to capitalize on the Solar Inverter Opportunity.Delta is also expanding in countries like Singapore and Germany to take advantage of the the growth in Green Industry.

SMA Solar – The Big Daddy of the Solar Inverter Market with a   40% Marketshare of the Global Market.This Germany company has become the most valued solar company in Germany beating out the old stalwarts like Q-Cells  and Solarworld.SMA Solar has managed to maintain its marketshare and grow as fast  with the global solar demand unlike some of its competitors.SMA Solar faces tough times ahead as the growing inverter industry attracts numerous competitors and it remains to be seen whether it can avoid the fate of Q-Cells.

Gehrlicher Solar Belectric – One of the largest installers in Germany,it is one of the first European Solar EPC players to set up base in India as its domestic market starts to saturate in solar power and slow donw

SDEM TEGA – Small American solar power developer

American Capital Energy– Small American solar power developer

Suntech – Suntech was  the world’s biggest producer of solar panels in 2010 and was one the first companies to set up operations in China.Its example was followed by a host of other Chinese companies.Suntech has been slow to expand compared to the fast growing small companies in China and has lost marketshare to them.It has started to vertically integrate in order to meet the low cost challenge from Trina and Yingli.Suntech makes one of the best quality Solar Panels in China.

Trina Solar – Trina Solar is one of the lowest cost manufacturers of Solar Panels in the World right now and also sells it at a very low price.This is the reason that the company in a span of few short years has managed to acquire a substantial  global marketshare.The prices the solar panels being sold are around $340 per 200 watt module.Trina Solar.Like Yingli and Suntech,Trina Solar Panels are one the best quality in China

First Solar – First Solar is the only Solar Thin Film Manufacturer in the world and a benchmark for other thin film companies thinking of making it big.The company was promoted by Wal-Mart promoters and has seen remarkable growth in the last few.This US based company uses Cadmium Tellurium (Cd-Te) Technology and  is the lowest cost panel producer in the world today if you don’t include any penalty for low efficiency.Even if you penalize the Cd-Te Technology for its lower efficiency vis-a-vis the higher efficiency crystalline technology,First Solar is clearly the leader with a core cost of 74c/watt.The company has a roadmap of  reducing the cost to 52c/watt by 2014 and given its track record it seems quite achievable.There is little doubt about First Solar’s ability to survive and flourish due to its massive first mover advantage

Solar Thermal/Solar CSP Companies

Siemens – The world’s largest green company is quite weak in the Solar Energy area.Like other conglomerates and competitor Areva,it acquired Israeli CSP company Solel Energy to make its foray into the Solar Thermal Energy sector.The company is looking to expand in India where the JNNSM has given equal importance to Solar Thermal Technology.

Areva – Another Giant Global Electrical Equipment Conglomerate which entered the Solar Thermal Energy area by acquiring a struggling CSP startup Ausra.The company is planning like the others to make a major investment of around $3 billion to build 1000 MW capacity in India.The company is the biggest nuclear equipment supplier in the world and has interests in biomass energy as well.

Schott – This German company is a provider of parabolic recievers used in CSP plants.The German Glass Maker is a big component supplier to the CSP industry but does not provide a turnkey solution.Schott is also involved in the Solar PV Technology area producing both crystalline silicon panels as well as thin film panels.

Abengoa – Abengoa is one of the most well known suppliers of Solar Thermal Equipment in the world and is a proven developer of large scale Solar Plants in Spain and USA.This Spanish giant has signed a JV with India’s largest capital equipment company BHEL to manufacture components for Solar Thermal Plants..t has managed to win a large DOE grant for constructing another large Solar Thermal Plant in the USA.It has also signed a JV with Abu Dhabi promoted Masdar to build a 100 MW Shams 1 plant near Madinet Zayed in UAE

Solar Millennium – The company is one of the most aggressive players in the Solar Thermal Energy Sector.The company is in the process of building CSP plants in Africa,Europe,India and USA.This German company has won several project approvals to build CSP plants in Califronia through its JV Solar Trust with Ferrostaal Inc.The company has running plants at Andasol in Spain.In 2009, Solar Millennium entered into a joint venture with Suryachakra Power Venture for joint development of solar power projects in India.The company uses parabolic tough technology and is able to provide a turnkey solution from Technology to Design to EPC.

Biomass Energy Companies in India

India had set up around 500 MW of Biomass Capacity by 2007 and has increased it by almost 150 MW since then to reach around 1 GW capacity today.Most of Indias’ Biomass Electricity is being generated in Andhra Pradesh,Maharashtra,Tamil Nadu,Karnataka and Rajasthan.

  1. A2Z Maintenance & Engineering Services – This facilities management firm which recently came out with an IPO is planning to foray big time into biomass energy generation.The company is planning to set up 120 MW of Biomass Energy i n the next 2-3 years which would make it the biggest biomass electricity producing company in India.It plans to set up three 15 MW plants in Punjab and five 15 MW plants in Rajasthan mainly using crop residue like rice husk as feedstock.
  2. Lakshmi Energy and Foods is engaged in manufacturing and processing food grains and related products. The product includes rice, basmati rice (branded as Lakshmi Foods), parmal rice, rice bran edible oil, wheat flour, de-oiled cake, refined oils, and cattle feed (branded as Heera Moti). It also has 30MW biomass-based power generation business using rice husk as fuel.The company plans to expand this capacity to 105 MW.Note the company is trading at extremely low valuations and is traded on the Indian stock exchange.
  3. Clenergen India Private Limited –  The company is a subsidiary of Clenergen Corporation based in Florida,USA.The company has a 18 MW plant in Kancheepuram Tamil Nadu and is taking over operations of an existing 27MW/h biomass power plant (the “Plant”), which has the ability increase Clenergen’s operating capacity to 51.5MW/h by the end of 2011
  4. Husk Power Systems (HPS), a Patna-based company engaged in rural electrification and power generation started by Darden School of Business 2009 graduates Chip Ransler and Manoj Sinha.HPS is engaged in producing clean energy from rice husks using biomass gasification technology.It currently owns and operates mini power plants with a capacity to produce 35-100 KW electricity, and has about 25 plants spread across Bihar.
  5. Abellon CleanEnergy Ltd – This is an Indian Biomass Energy Company that is setting up a huge planation in Ghana to employ thousands of workers.The plantation will grow bamboo, palmarosa and sweet sorghum on 10,000 hectares of degraded land which will be used as biomass feedstock for a big power plant
  6. LT Foods – This is also a well known rice producer and refiner with well known brands.It is similar in profile to Lakshmi Energy and Foods and plans to set up a 5 MW plant in Punjab with more investment in further expansion.
  7. Dee Development provides services primarily to the oil & gas and  power sector .Dee Development has installed two bio-mass based power plants of 7.5 MW and 8 MW, both in the state of Punjab. It is also planning to set another biomass plant in Madhya Pradesh by 2011.
  8. AllGreen Energy – This Bangalore based startup has raised from Reliance Capital and GE.It is building a  6.4 MW biomass project in Perundurai,Tamil Nadu with a total installed capacity target of 100 MW.The company is using IGCC technology developed by IISC.

Greenworldinvestor Articles that you must read

Enbridge the Canadian Energy Company which is mainly into the business of Gas and Oil Distribution has been aggressively expanding into Renewable Energy in the past 2 years.The Company has built up a large number of Wind Power Assets and has taken ownership of a Solar Plant in Sarnia,Ontario which would be scaled to 80 MW from 20 MW currently.The Company is building a 250 MW Wind Farm in Colorado using Vestas Turbines and the Ontario Solar Farm using Thin Film Solar Panels from First Solar.Enbridge has now dipped its feet into Geothermal Energy taking a small 20% stake in US Geothermal’s Neal Springs,Oregon Project.Note this investment is chicken feed and probably is a  market for bigger future investments into Geothermal Energy.The company has interests in waste heat recovery and fuel cells as well.This $23 million investment seems a big win for US Geothermal a small under $20 million market cap company  which has invested $13 million into the project.The 35 MW project will get a further $100 million from DOE Loan Guarantee to build the plant by 2012.The investment does not seem too expensive either for Enbridge as it gets a 20% stake and 24% of the Investment Tax Credits in a Project that is already half way built with most of the permitting and financing closed.

Enbridge Enters Geothermal Power Business – Enbridge

Enbridge Inc. (TSX:ENB) (NYSE:ENB) announced today that it has entered into an agreement with U.S. Geothermal Inc. of Boise, Idaho to partner in the 35-megawatt (MW) Neal Hot Springs geothermal project. Enbridge will invest up to US$23.8 million for a 20 per cent interest in the plant. U.S. Geothermal will own the remaining 80 per cent.

The Neal Hot Springs geothermal project, developed by U.S. Geothermal Inc., is located in Malheur County, Oregon. U.S. Geothermal is constructing and will operate the facility. Construction of the project is underway and an in-service date of Q2 2012 is expected. The project will deliver electricity to the Idaho Power grid under a 25-year power purchase agreement.

Neal Hot Springs Geothermal Project at a glance:

Capacity peak: about 35 MW gross, 23 MW net

Annual yield: approximately 191,400 MWh (corresponding to the annual consumption of around 17,500 households)

Top Indian states with Highest Solar Installed Capacity – March 2020

Dear Readers, like every year we have collated a list of top states in India on the basis of highest rooftop solar installed capacities. I have tried to make the list more informational by adding major events that happened last year. Hope you like it.

10. Telangana

Telangana ranks tenth on the list with an installed rooftop solar energy generation capacity of 90.46 MW as of February 2020. Its total installed solar energy capacity stood at 3,620 MW.  The state ranked amongst the highest in terms of new solar capacity addition in the last couple of years. Telangana suffered some major setbacks on the renewable energy front due to the new Jagan Reddy government coming into power last year.

9. Punjab

Punjab had the ninth-largest installed rooftop solar energy generation capacity of 118.5 MW as of February 2020. however, its total installed solar energy capacity stood at 947 MW.

8. Haryana

Haryana ranks eighth on the list with an installed rooftop solar energy generation capacity of 121 MW as of February 2020. Its total installed solar energy capacity stood at just 252 MW.  Haryana state has allowed 1000 MW of open access solar energy to be set up in the state. But now the state is using red tape to stop the growth of open access solar.

7. Uttar Pradesh

UP ranks seventh on the list with an installed rooftop solar energy generation capacity of 146 MW as of February 2020. Its total installed solar energy capacity stood at 1,095 MW.

6. Tamil Nadu

Tamil Nadu comes sixth on the list with an installed generation capacity of 156 MW as of February 2020. Its total installed solar energy capacity stood at 3,915 MW.

5. Delhi

Delhi has made a good progress on the rooftop solar energy installations with total rooftop capacity standing at 156MW and a total solar capacity of 165 MW. So most of the solar capacity comes from rooftop installations as the city has sparsely any land left for ground-mounted plants. Delhi aims to generate 2000 MW of solar energy by 2025 and is also trying to lift up rooftop solar power generation. The Renewable Energy Service Company model or RESCO mode as it is popularly known as is expected to generate an aggregated demand of 40 MW.

rooftop india

4. Maharashtra

The central state of Maharashtra ranks fourth on the list with an installed generation capacity of 219 MW as of February 2020. Its total installed solar energy capacity stood at 1,800 MW.  Did you know India’s western city of Pune has the highest rooftop solar installed? But the renewable energy in the state has been currently witnessing a backlash from utilities. The regulator is trying to remove net metering for commercial and industrial consumers.

3. Rajasthan

The Indian Western state of Rajasthan has the third-largest rooftop installed generation capacity of 224 MW as of February 2020. Its total installed solar energy capacity stood at 5,035 MW.  The state has now come out with a new solar energy policy where it has set a target of 30,000 MW by 2025 building upon the 5 GW of existing solar capacity in the state. The state will give out a number of incentives such as relaxations in stamp duty, electricity duty, and transmission and wheeling charges, etc. Besides ultra mega parks, Rajasthan will also support smaller ground-mounted solar plants which will be developed by the private sector. The state will also support the KUSUM scheme under which rural small solar plants and solar pumps will be built out.

2. Karnataka

The southern state of Karnataka ranks second on the list with an installed generation capacity of 233 MW as of February 2020. Its total installed solar energy capacity stood at a whopping 7,278 MW.  However, the rapid growth has led to the Karnataka energy regulator to halt in any new solar power capacity creation for the next three years. The commission in order has said that though the prices of wind and solar power were low, the problem is that while the state can get prices of wind and solar for a low cost, they still have to pay the fixed costs for a thermal power plant which they have contracted to.

1. Gujarat

Gujarat tops the list with the highest rooftop solar installed generation capacity of 469 MW as of February 2020, and a total installed solar energy capacity of 2,886 MW.  Now, Gujarat is set to become the first state in India to use geothermal energy. The Dholera geothermal power plant was expected to be operational in April this year.

Compare the state-wise solar rankings with the earlier years:

2017-18 and 2015-16.

Data from Saur Energy.

A large recent auction of solar projects by the state-owned company SECI resulted in an all-time ever low tariffs of INR 2.36 which is around USD 3 cents per kWh. The 2000 MW tender saw good participation by both local as well as foreign companies. The lowest bid was made by Spain’s Solarpack with other companies such as Renew and Enel also being very near to that price. This new all-time low solar energy price is lower than the earlier lowest solar price by around 4% and shows that the current crisis has not really affected the industry supply chain as such.

Investor interest in India’s renewable energy industry remains extremely strong despite the recent setbacks that were experienced due to policy and regulatory issues faced in Andhra Pradesh as well as some of the supply chain problems due to the COVID crisis. While there has been news that financing challenges for Indian developers have increased and lenders are reluctant to lend to Indian developers, the low prices seen in the recent tender show that is not that much of an issue.

Solar India

Also, read COVID Crisis allows Indian Solar Companies to Opportunistically Rescind on Irrationally bid Contracts

The overall Indian power industry is going through a crisis with collections from consumers being difficult and the overall power demand going down with many industries and commercial establishments being shut. The renewable energy industry has done much better than the thermal coal power generation sector as the must-run status of wind and solar energy plants have ensured that the economics of the renewable energy industry remains robust. The low prices vindicate the strong business case of the solar industry and will help India move forward in its ambitious target of achieving 40% off its overall power generation capacity from renewable energy by 2030.

Power cuts can be very disrupting and interrupt your day-to-day jobs.

So, how do you load your run when power cuts occur?

Equipping your home with inverters is the lifesaver in these cases, and using them can also help be a little lighter on your pockets.

Given the environmental issues surrounding the use of conventional inverters, opting for solar inverters is a better option.

solar inverter

Solar inverters, also referred to as PV inverters, are types of electrical inverters that are designed to transform a DC (direct current) voltage from photovoltaic arrays into alternating current (AC). These currents are then used to power home appliances and some utility grids. These solar inverters are nowadays very common as the electricity costs continue to rise. Also, the solar inverter price is not high, which makes conserving energy for future use feasible. 

Types of Solar Inverter

The critical function of all Solar Inverter types is to prioritize the attached load. In the second priority, the inverter transfers the electricity balance into a battery or a grid. We choose the type of inverter, grid availability, power cut and load measurement as per the situation. You can search for a myriad of options under different solar inverter price online or offline.

Solar inverters are divided into three main types: 

  • On-grid solar inverter

Often known because of the grid-tie, these on-grid inverters are commonly used with on solar grid system. This inverter operates with electricity from the grid or power. An on-grid solar inverter will continue to run the load and send power to the power grid.

These inverters are fully automatic and smart with built-in safeguards that protect the entire solar system from any fault. Since the solar inverter price is reasonable, you can use them in urban and industrial areas where electricity bills are high.

Advantages Disadvantages
Utilization of 100% solar power. Don’t work without a grid.
No limitation of the load. No electricity generation during the power cut.
Export extra electricity to the grid. No battery backup.
Up to 70% subsidy on on-grid solar.
Less space for installation.
  • Off-grid solar inverter

An off-grid solar inverter, also known as a standalone solar inverter, is used in the off-grid solar system. They use solar battery and solar panel to draw DC power and turn it into usable AC power. The off-grid inverter is an independent system where no electricity is available such as in rural areas. The main advantage is that power outages and other technical problems faced by the utility grid will no longer be prevalent as you have your independent power network. You can invest without second thoughts since the solar inverter price is feasible when compared to other options. 

Advantage Disadvantage
Standalone inverter and system. Load limitation
Work even without grid/electricity. It cannot export the electricity to the grid.
No dependency on government electricity. Costly compared to on-grid solar.
Peace of mind with battery backup.
  • Hybrid solar inverter

The hybrid inverter is the combination of an on-grid and off-grid solar inverter. This inverter simultaneously controls the solar panel arrays for storing batteries and power grids. These modern all-in-one inverters are highly versatile and can be used in grid-tie, standalone or backup applications. The solar inverter price is a little bit higher when compared to the other two types. 

Advantage Disadvantage
Stand-alone system. Expensive compare to on-grid and off-grid solar.
It can work without a grid. Limitation of the load.
Store electricity to batteries.
Peace of mind with electricity backup.
Export excess electricity to Govt. grid.

Go Green with Solar Inverters

Receiving no electricity or experiencing power cuts can be bothersome, and you need some backup to supply the electricity in times of need. It is here that an inverter comes to your rescue. With best-in-class consistency and compliance with safety standards, there are reliable brands like Luminous that offer a range of solar inverters in capacities from 1kW to 50 kW. The solar inverter price is cost-effective, especially if there are long power cuts in your city. They come with a fast-charging mode for batteries in a short time when grid power is available. Luminous NXG comes with many built-in safety features. It continually monitors the health of your batteries and protects them against deep discharge, overcharge and short-circuit. Along with intelligent Solar Optimisation Technology – these solar inverters maximize the use of solar energy, charges from mains when required, and saves 1.5-3 units per day. So, don’t wait up and with the fantastic range of solar inverter price, buy the one that suits your requirements.

The Indian financing industry has seen a sharp slowdown since the IL&FS crisis with credit growth slowing down sharply for the overall Indian economy. This has a feedback effect where lower financing leads to lower growth which in turn leads to lower demand for credit. The Indian GDP fell to below 5% and there are signs that the coronavirus will result in the economy not really being able to accelerate growth in the coming quarters.

The Indian solar industry is highly dependent on debt given that solar projects typically see 80% debt which can increase to 85%. Major Indian banks such as SBI have stopped lending to the solar sector as they are seeing a buildup of huge bad debt from the power sector which has a lot of distressed coal-based thermal power plants. The private banks are also not willing to lend too much to the solar sector as the biggest lender to solar projects – Yes Bank is currently on the brink of shutting down due to bad lending decisions. The government is thinking of selling Yes Bank to one of the larger government banks because if Yes Bank fails then it will result in a major adverse domino effect on the overall financing sector as well as the economy. NBFCs which had sharply grown their lending books as the state-owned banks had retreated are also facing issues after the IL&FS crisis.

Also, read about the Banks That Provide Loans For Rooftop Solar Projects In India

Large Indian solar developers are desperately looking to offload assets from their balance sheet to raise liquidity to make payments for their loans as well as generate cash for developing new projects. Mahindra recently sold off its solar assets to Hong Kong based power group CLP India. The ACME group which is one of the top three solar developers also sold its assets to Actis as the company needed to pay debt to the Piramal Group. The Indian solar industry is slowly maturing with the stronger hands getting hold off assets at a good valuation as the lending tide recedes from the industry. CLP which is one of the largest foreign private power groups operating in India had not participated in the solar auctions and its strategy of not bidding too low is paying dividends as it can now buy cherry-picked assets at a lower price from the market.