India has an installed solar PV capacity of ~63 GW, of which ~53 GW is attributed to ground-mounted photovoltaic (PV) plants. However, recent trends indicate that it is becoming increasingly difficult to obtain land parcels for large solar projects. Novel and viable alternatives are warranted to achieve the 500 GW renewable energy target for 2030.
Agrivoltaics (agriPV) is one such promising technology for optimizing land usage by combining agriculture with PV. AgriPV promotes RE growth and leads to the economic development of farmers and rural areas. The model proposing shared ownership poses more opportunities and fewer weaknesses and is the most profitable model for farmers.
This case study explores various business models for agriPV in India and highlights the pros and cons of each model. Karnataka has been taken as a case study for quantification purposes.
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Karnataka has a population of over 60 million which is growing at over 2% per annum. It is the eighth largest and fifth most urbanised state in India, with 37% population living in cities. It contributes over 5% to India’s GDP and has been growing at over 7% in the...
