Agrivoltaics: Solar as a Third Crop to Augment Farmers' Income

Subhodeep Basu (), Ashok Gulati () and Alok Adholeya
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Subhodeep Basu: Indian Council for Research on International Economic Relations (ICRIER)

Indian Council for Research on International Economic Relations (ICRIER) Report from Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India

Abstract: In this report, the global landscape of APV and the critical technological, policy, and economic issues surrounding APV in India have been studied. A diverse group of stakeholders - farmers, solar developers, financiers, distribution utilities - participate in the APV systems. The study has examined the economic feasibility of implementing APV by key stakeholders. Eighty percent of the Indian farmers are smallholders with limited capital available for investment in innovation. In that context, the study has reviewed the possibility of engaging farmer enterprises such as FPOs and cooperative societies to take such models forward. The role of government programs such as PM-KUSUM have been addressed in the context of India's journey of solarising agriculture. The report explores how APV can be integrated into the existing scheme to address key barriers like high capital costs and restrictive land-use regulations. It highlights innovative business models, such as farmer-developer partnerships, that maximize APV benefits while tackling the unique challenges of implementing such innovations in India. Finally, a comprehensive policy framework has been developed to highlight key policy interventions required to make such innovations a success in India. APV has the potential to address several predicaments in India's agriculture and energy sector since such models enhance farmers' income while facilitating their diversification into high-value crops.

Keywords: APV; PM-KUSUM; agriculture; solar power; income; agrivoltaics; agrisolar; icrier (search for similar items in EconPapers)
Pages: 81 page
Date: 2025-02
New Economics Papers: this item is included in nep-agr
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