The Rise of Solar Power in India

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 Renewable energy, more specifically solar energy, is the power generation technology of the future. Countries across the world have flexibly adopted this new form of renewable energy. Specifically, India has massive solar energy-producing potential with more than 5,000 trillion kWh annual energy incident over the entire land area of the country. This implies that most parts of the country receive nearly four-seven kWh of solar energy per sq. m each day. 

 

Even a small part of this massive incident of solar energy can effectively meet the total power demand of the country. Besides emerging as a sustainable solution to meet the nation’s energy needs, solar power plants also aggravate the government’s agenda of achieving sustainable growth in the long-run. 

 

What Should We Know about Solar Energy in India? 

 

A major factor fuelling the rise of solar plants in India is the abundant availability of this sustainable form of energy. According to a recent analysis by IRENA (International Renewable Energy Agency), the cost of setting a solar power plant photovoltaics in India has fallen by nearly 80% between 2010 and 2018. With such massive solar power production potential and the falling cost of production, solar energy is becoming the enabler to India’s dream of energy decarbonisation. As per estimates, it is cheaper to set up and produce solar energy in India than process energy through coal-fired power plants. 

 

Moreover, the latter also increases the level of pollution and causes several health hazards. On the other hand, by switching to renewable energy forms, the country will also prepare itself to better fight against climate change, carbon emissions, pollution and more. 

 

Further, recognizing the rising potential of India in the solar power domain, the International Solar Alliance (ISA) also described India as an ‘Achiever’ in its Ease of Doing Solar (EoDS) report. The rank was awarded among 80 other countries that included prominent nations like Brazil, Saudi Arabia and the United Arab Emirates (UAE). In all, the report ranks the participating countries as Achiever, Influencer, Progressive and Potential. The countries are assessed based on technical and commercial conditions that favour solar energy production. 

 

Despite the growth, India needs more financial reforms to boost the renewable power sector to achieve its 2022 and 2030 targets. The country aims to create 450 Gigawatt (GW) of renewable energy by 2030 with 175 GW distribution by 2022. That said, the government has also made solid progress in creating the required infrastructure for empowering the renewable energy sector in India. Over 42 solar energy parks of 23,499 Mw capacity have been proposed in 17 states, with 60 cities receiving $1.3 billion as investment support to set up 50 solar parks with 40 GW capacity by 2020. 

 

As of April 2020, India was the fifth largest in the world in terms of installed solar power generation capacity. In the past six years, the solar capacity has grown over 13 times. This highlights the enormous potential the country can reach if its true solar power production capacity is utilised more efficiently and effectively.  

 

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