According to India’s iGovernment website, a total of 250,000 cell phone towers can be converted to the renewable energy solution, including 32,500 from GTL Infra – a subsidiary of Mumbai-based Global group, 100,000 from Idea Cellular, 50,000 from Reliance Infratel, and another 30,000 from Bharti Infratel.
The report says that the project has the potential to reduce 5 million tons of CO2 emissions, and US$1.4 billion in cost savings for the tower companies.
Under the Indian government’s Union budget, the government has committed to subsidise 50% on solar panels for the projects.
“Each solar panel costs about Rs 28 lakh. If the government gives the subsidies sooner, we would be able to roll out faster. However, we hear that from April 1, 30 per cent of subsidy will be disbursed,” a GTL Infra executive said.
The report says GTL Infra and Bharti Airtel have already started their migration, or have started pilots, with the renewable energy solutions.