< Back to all clusters
[BUSINESS] · India, United Kingdom · 6 sources

started · updated

Solar energy adoption grows in commercial and residential sectors

Commercial and industrial consumers are increasing solar capacity to combat rising grid tariffs and meet sustainability targets. This trend is shortening sales cycles and strengthening order books for solar engineering, procurement, and construction firms. In India, companies like GESL Spinners are utilizing rooftop solar to reduce grid dependency, while the Powertrac Group has announced plans to establish a 10 GWh battery energy storage manufacturing facility in Ahmedabad, Gujarat.

In the United Kingdom, homeowners face decisions regarding excess solar energy generated by photovoltaic panels. While the Smart Energy Guarantee requires energy suppliers to offer to buy excess generation, export rates vary significantly, ranging from 1p/kWh to 34p/kWh. Consumers must weigh the benefits of storing energy for personal use against selling it back to the grid based on their specific lifestyle and available tariffs.

Entities

Gujarat Electricity Regulatory Commission