Future of Solar Energy in India solarsmiths.com/blog/future-of-solar-energy-in-india
From the time of Puranas and our ancestors valued the Sun, and other renewable resources and their benefits in India. Along with time, people realized the importance and how critical part solar power systems are in our day to day life cost savings. The growing need for solar energy is aligning with the country’s green energy transition initiatives and programs which will satisfy future energy demands while reducing carbon footprints and burden on the country’s foreign currency reserves.
1.Geographical Advantage Climatic dis-balance is the scariest thing India is experiencing due to increasing pollution and global warming even the government is finding it a challenge to address it. Hence India will look into various renewable resources in which solar power energy will act as a ray of hope and significant opportunity to tackle climate change and promote to use renewable energy. Solar energy will act as a significant alternative for fossil fuels as it is clean, and decreases the harmful emissions into the environment. People are becoming more aware of health hazards; hence it will act as an article of faith for each Indian while they will be keen to participate in this global goodness in terms of the environment.
2.Upcoming Solar Projects in India Union Minister of State (IC), Minister of New and Renewable Energy, Minister of Power and Minister of Skill Development and Entrepreneurship informed that the government is all set for achieving the target of 1,00,000 MW grid-connected solar power energy capacity in India by the year 2022. With new tenders that are around 15,000 MW is planned in the remaining period of 2019-20 and 2020-21. The upcoming solar power State/UT-wise details of the solar energy, which generates in different unions territories and states were also given in the statement. As per the Central Electricity Authority, a combined capacity of 13, 499.41 million units (MU) of solar power was generated during the year of 2016-17. The ISA’s primary goal is to include global deployment of over 1,000 GW of solar obtained capacity and mobilization of investment of over $1 trillion into solar energy by 2030. Apart from that, several schemes such as Solar Park Scheme, plans for the installation of grid-connected solar rooftop power plants, Off-Grid Solar PV Scheme, Pradhan Mantri – Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) Scheme, etc. have also been launched as a part of the National Solar Mission.
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3.Highly advantageous and cost-effective Solar energy is maximizing the falling renewable resources technology costs as the key to future energy de-carbonization. India realized that it is cheaper to build and operate solar farms as compared to run existing coal-fired power plants. India’s latest status of the lowest-cost producer of solar power will further reflect an ongoing affection towards solar power energy as the driver of global energy transformation. Renewable source of energy is having drastic positive effects for the environment, which helps us to meet our carbon emission reduction against climate change. India being a growing economy, leads to growth in power consumption. Hence the adoption of alternate forms of energy is the ideal way forward to manage the balance between economic growth and sustainable.
4.Employment prospects Over 300,000 workers will be employed in the solar and wind energy sectors in India to meet the country’s target of generating 175 Giga watts of electricity from renewable sources by 2022, the International Labour Organisation (ILO) has estimated in a report. The renewable energy sector will be the most extensive employee in the future Indian power sector. Already in 2020, 264,000 additional renewable energy jobs can be created by shifting from BAU to the NDC scenario. Under the REmap scenario, more than 3.2 million people would be employed in the renewable energy sector by 2050. Biomass and solar energy will be the significant drivers of employment, with up to 2 million and 1.1 million employees, respectively, by 2050. India can develop double the number of jobs through power sectors by 2030 by adopting the pathway of decarbonization.
Conclusion The combination of renewable energy projects with the scheme would ensure the maintenance of Solar energy installations in the medium and long term and might lead to cost reductions and synergies Make in India policy will attract many MNC’s to start their businesses in India; this will also increase the usage of renewable sources of energy. Not only will renewable sources of energy help us towards the dream a Green India, but it will also help us to save and cut down on major expenses in costs incurred on electricity bills. Connect SolarSmiths today to know how you can start solar today so that your future is secured.
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