NEW DELHI: Rising petroleum prices are expected to benefit renewable energy solution providers as commercial establishments that use diesel generator sets for their captive requirements may find solar powerattractive.
The city gas distribution (CGD) players too expect commercial establishments to switch from diesel to piped natural gas in the areas where power supply is unreliable.
Several commercial establishments are now switching to solar solutions for their captive power needs as cost of solar modules is falling and the installation cost can be recovered within five years, industry officials said.
According to Megawatt Solutions CEO Siddharth Malik, “Every square meter of concentrated solar thermal collector can replace up to 200 litres of diesel annually.” Megawatt Solutions, in partnership with the renewable energy ministry, has a 0.5 mw project in Gurgaon, which provides a hybrid solution by integrating solar-thermal with fossil fuel. “The discounted payback time of a hybrid system can be about 2-3 years and is getting shorter with further diesel price hike,” said Malik.
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