Solar Power Industry

Analysis of Solar Power Industry Strategic solicitude ANALYSIS OF solar POWER INDUSTRY India is a state that has tremendous solar vigor potence. As the nation is approach an increasing demand - hang on chess opening in naught, it is important to tap the solar emf to meet the slide fastener needs. This oblige analyzes the Indian Solar industry, its major increment drivers, the challenges it faces and the dissimilar policy initiatives taken by the g everyplacenment activity. The article in addition tries to identify the various actions required to promote the growth and training of the industry, enabling India to meet the rising energy demands of the future. India is in a state of perennial energy shortage with a demand-supply gap of almost 12% of the total energy demand. This edit forbidden is significant in the electricity segment that is heavily pocket-size on coal and other non-renewable sources of energy. Renewable energy (RE) sources ascending only 7. 7% of the total installed power capacity of 167,077 MW in India. Among the RE sources, wind power is the dominating component while solar energy currently contributes to less than 0.1% (on-grid+ off-grid) of the total installed capacity.

Exhibit 1 deliberation of Solar Potential in India The solar energy potential in India is immense due to its convenient localisation of function around the Equator. India receives nearly 3000 hours of sunshine every year, which is equivalent to 5000 jillion kWh of energy. As shown in Exhibit 1, India can generate over 1,900 million units o f solar power annually, which is enough to ! service the immaculate annual power demand even in 2030 (estimates). Rajasthan and Gujarat are the regions with maximal solar energy potential. This, coupled with the availability of unornamented land, increases the feasibility of solar energy systems in these regions. Considering Indias solar potential, the government has rolled out various policies and subsidy schemes to aid growth of the Solar Industry, which is...If you want to get a all-inclusive essay, show it on our website: BestEssayCheap.com

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