Agriphotovoltaics (APVs):The concept of agriphotovoltaics (APVs), the dual use of land for both agriculture and solar power generation, offers a transformative approach to addressing India’s twin challenges of energy demand and agrarian distress.
o Dual-use: Farmers can generate income from both agriculture (crop cultivation) and solar energy generation.
o Microclimatic benefits: APVs help improve microclimatic conditions, reduce heat stress on crops, and reduce evapotranspiration losses.
o Especially useful in arid or semi-arid zones, where water conservation is critical.
o Cost of APVs: APV systems are approximately 11% more expensive than standard solar plants.
o Viability: The financial feasibility of APVs heavily depends on attractive Feed-in Tariffs (FiTs).
o Current FiT: Rs 3.04/unit, offering a 15-year payback period.
o Suggested FiT (based on thermal averages): Rs 4.52/unit, offering a 4-year payback period.
o FiT Revision: Revising the FiT is critical for scaling up APVs and attracting private investment in the sector.
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