Urban Indians beat space crunch by investing in digital solar power – EQ Mag Pro
With many city-dwellers unable to install solar panels, start-ups offer them the opportunity to invest in solar power production elsewhere in return for green electricity credits.
Suraj Vallamkonda, 29, bought a new electric scooter as a step towards reducing his carbon footprint and tackling climate change. But when he plugged it in to recharge, he realised he was using fossil fuels to power his scooter, not green energy.
One solution, he knew, would be to install solar panels on his rooftop.
But his home terrace, with its thriving herb garden, did not have enough space for panels, so he decided to invest instead in “solar biscuits”, or portions of panels in an existing system.
Vallamkonda tapped into solar power produced miles away via a start-up business that helps meet individuals’ clean energy needs at home with power produced by solar panels mounted on big malls, schools and other sites across India.
The Bengaluru resident invested in solar panels virtually, earning him credits that offset his electricity bill at home.
Start-ups like SundayGrids are making rooftop solar power accessible to urban Indians like Vallamkonda and boosting India’s ambitious renewable energy programme, which aims to move the nation away from its reliance on fossil fuels like coal.
Source : PTI
