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Solar Energy Technology is Transforming India’s Energy Industry

Renewable and solar energy are no longer viable options for expanding power generating capability. To produce solar power and satisfy high energy demands, it is now necessary to integrate a highly technical infrastructure. The nation fuels the growth of the energy industry by becoming one of the most accessible renewable energy suppliers.

As the cost of clean energy continues to fall, the nation is seeing the advantages of building solar power systems over coal-fired power plants. According to a research report released by IRENA in 2019, the costs of establishing PV projects in India have decreased by 80% between 2010 and 2019.

Solar power systems make a big difference in terms of environmental sustainability. Coal, oil, and natural gas, among other energy sources, account for one-third of global greenhouse gas emissions. Around 85 percent of the country’s thermal energy supply is already coal-based, according to figures, and is the leading source of massive water and air pollution.

According to the IEA, India’s efforts to increase energy production resulted in a 15% reduction in additional energy usage, oil and gas imports, air pollution, and 300 million tonnes of CO2 emissions between 2000 and 2018.

The Indian government is stepping up its efforts to move to solar power adoption, taking into account environmental considerations.

In addition, the Union budget proposes allocating an additional fund of $15 billion to the Indian Renewable Energy Development Agency (IREDA) and $10 billion to the Solar Energy Corporation of India (SECI) to support the overall growth of the renewable sector.

The extensive use of solar energy has a major environmental benefit. It makes use of the most available raw material on the planet, the sun. Geographically, India is close to the equator, which aids in the use of the country’s solar energy capacity. Furthermore, with advances in solar panel technologies and rising performance, now could be an ideal time to implement technology solutions for both households and governments.

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