What Makes The Future Of Solar Energy In India So Bright
India increased its efforts to expand its share of renewable
energy and it led to a massive increase in solar power generation over the last
few years. It goes without saying that the solar power industry in India has an
immense possibility to grow due to the high availability of solar radiation
across the country. Of course, everybody knows about the geographical factors
and location based advantages that contribute to the amassing of solar power in
the subcontinent. Reports derived by experts revealed that India receives
annual solar radiation of more than 5000 trillion kWh. If companies like
Mahindra Teqo can harness that power, then the country as a whole can generate
a massive amount of electricity.
- Geographical position: So, what makes the subcontinent so proficient in
generating electricity via solar power, and why is the future of solar energy in India so bright?
Firstly, the geographical location of the country offers supportive
grounds for the solar industry. While it can generate enough power to meet
the requirements of the people of the nation, it can also supply ample
electricity to the rest of the world. The main reason behind this fact is
that India is located in the tropical region that receives tremendous
amounts of solar radiation throughout the year, amounting to nearly 3000
hours of sunshine.
- More solar projects: Some of the states in India including Gujarat, Andhra Pradesh, Rajasthan, Madhya Pradesh, Punjab, Maharashtra, and Haryana have enormous potential to tap into solar energy. These states are issuing more tenders for solar power generation. Currently, the Thar region in Rajasthan has some of the most productive solar power generation projects in the nation. It amounts to almost 2100 GW of power. Presently, Gujarat has the largest solar power plant in India.
- It is relatively cheap: Undoubtedly, the initial investment of
installing solar panels to generate solar
energy in India is not exactly cheap. But any company or individual
who has installed solar power at their premises will surely acknowledge
that investing in solar is entirely worthwhile. After all, it reduces
electricity bills drastically. The initial expense can be a bit high, but
solar power setups reduce the total expenses incurred by the user in the
long run. Furthermore, the use of solar energy in running electrical
appliances eradicates dependencies on constant supply of electricity at
any place in India.
- Prospects of employment: Switching to the utilization of solar energy is
practically becoming mandatory because non-renewable energy sources are
depleting swiftly and the use of these resources is leading to climate
change and severe air pollution. The best thing about the solar energy
industry is that it can significantly decrease the issue of unemployment
that is rampant in India. With the arrival of more and more renewable
energy firms, this issue of unemployment will reduce at least a bit -
people will work in production, installation and maintenance of solar
power generation facilities.
- High potential: Thanks to the government’s initiative and push to increase the creation of electricity through solar energy, the industry’s growth rate will become double of what it is now within the next few years. The reduced cost of solar power combined with strategic policies of the government has resulted in the widespread use of solar power in the nation already.
To end
The solar energy sector in India has exceptional potential to
grow large. The population of India is more than 1.2 billion and the economy of
the subcontinent is also improving steadily. India has historically faced
difficulties in meeting the electricity requirements of its ever-increasing
population despite being one of the largest electricity producers in the world.
Demand for power is only going to climb in the coming years for commercial,
industrial and residential use. Hence, one can safely say that the future of
solar energy creation in the subcontinent is bright.
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