GRID TIED & OFF GRID SOLAR ENERGY PRODUCTIVITY ANALYSIS OF PUNJAB Vs INDIA

ABSTRACT Indian economy has experienced a viable growth financially over the last decade. In India during the eleventh five years plan, nearly 55000 Mw of new generation capacity of energy was created. This study is divided into two parts: The first one is Grid tied Solar system which is tied into the power grid, electricity is pulled from the grid when needed, after that pushing the excess electricity back into the grid when the local customer using the full capacity that generated by PV panels (photovoltaic). The second one is off-grid which the systems that allows the storage of solar power in batteries for use when the power grid goes down. Hybrid systems provide power to offset the grid power when the sun is shining and will even send excess power to the grid for its later use. The Data collected from energy statistical reports of 2013, 2014, 2015 has been analyzed for the productivity of Grid & off-Grid by using Compound Annual Growth Rate (CAGR). After that we find the result to show the growth in productivity of Grid & off Grid in Punjab and India. The result also confirms proportionate change of Punjab as compared to India. This study helps policy makers, marketers and government to take the decisions for future energy policy in Punjab as well as in India.