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Shortage of Power in Agriculture Sector may Open Opportunity Gates for Solar Power

News:

Power demand in India has shot up to 1.45 lakh MW in the past few days from 1.2 lakh MW due to increased demand from the farm sector in the northern and northwestern parts of the country, leading to a rise in peak power shortfall even as there is adequate thermal generation capacity. 
Source: ET

SNP Insights

Power shortage in agricultural sector may give opportunity for solar developer for decentralizes solar PV power & solar pump manufactures to supply power in agriculture segment. Every year due to low rain farmer enforce to suicide & low productivity of crops. Option like solar water pump now easily available with subsidy from government for installation. Solar water pump also help discoms to decrease it losses. Installation of solar PV in agricultural sector be the new business opportunity for solar pump manufactures and solar developer .In future might be happen that agriculture sector became subsidy free, operated through solar pump & no more dependent on climate.

Source: SNP Infra Research