Future of Solar Energy in India is huge. The country’s solar installed capacity was 35,739 MW until 31 August 2020. Future Scope of Solar Energy is increasing day by day.
The Indian government targeted solar future of India by 20 GW capacities for 2022, which was achieved four years ahead of schedule. In 2015 the government raised the target to 100 GW of solar capacity (including 40 GW for rooftop solar) by 2022, targeting an investment of US$100 billion. India has established around 42 solar parks to make land available to the supporters of solar plants.
Top 8 countries which added solar PV capacity in 2019
- China: 30,100 MW (26.2%)
- United States: 13,300 MW (11.6%)
- India: 9,900 MW (8.6%)
- Japan: 7,000 MW (6.1%)
- Vietnam: 4,800 MW (4.2%)
- Spain: 4,400 MW (3.8%)
- Germany: 3,900 MW (3.4%)
- Australia: 3,700 MW (3.2%)
Solar power tariff in India has witnessed a momentous fall over the last few years. Declining solar power tariffs and open market has motivated good foreign investments into the sector. According to current reports, Solar Philippines is looking to enter the Indian solar industry and is aiming to install approximately 500 MW solar farms in India.
Economic benefits by Future of Solar Energy in India
Everybody is Saving Money by looking toward Solar Future in India
- The average household, depending on where it is located, can hugely cuts its energy savings from $20,000 to over $60,000 in two decades with use of solar energy.
- Not only individual households, but commercial entities are also seeing the green in switching green. Walmart, the prime retailer of the world is now the largest commercial solar power in the U.S. With their continuing investments, a whooping $1 billion energy savings a year is predicted by 2020.
Less Electricity Lost During Long-Distance Transport
Some of the energy, around 3-5%, is lost during transportation and distribution. The longer the distances between the production and the delivery points, the more energy is lost. Those losses might not seem important but they can influence the performance of the installation in regions with high population solidity.
Having solar panels on the roof or in the yard significantly reduces this distance, therefore increasing the efficiency of the solar panels
Improves Grid Security
The grid is less susceptible to blackouts if there are many power plants which are reach out. A grid with high penetration of solar energy has thousands of energy production centres which are widely spread out. This improves the safety of the grid in case of surplus, natural or human-caused disasters
Future Scope of Solar Energy in Terms of Job Opportunities
Also read: What is Solar Energy?
Employment in solar energy industry added a enormous 20% between 2013 and 2014.
Solar energy jobs keep popping up that it grow 12 times as fast as the US economy.
Solar trader also play a prime role in solar industry as it helps manufacturers to do business with professional & capable solar installers that make more jobs for people. Finest Energy, a leading whole sale solar trader in Australia for example, doesn’t only serve solar companies in Australia to do business better, but also serve those in need to entrance solar technology, so while helping people get their jobs, they are also educating individual family on how solar energy helps them, a win-win for them.
The major cause why solar energy was built is not to cut our energy bills but to cut the global carbon discharge. Solar power’s low carbon footstep, low discharge and long-term sustainability make for healthier people, waterways, soil, animals and far off. It’s a advantage that’s clearly priceless, but it makes good financial sense, too.
Government has launched several schemes in the country to promote Solar Energy Future
- Development of Solar Parks and Ultra Mega Solar Power Projects
- Operationalise of 300 MW Solar PV Projects by defence establishment and Para military forces for upcoming Future of Solar Energy in India.
- Setting up of 750 MW Grid-connected Solar PV Power Projects under Batch-1 of Phase-II of JNNSM with Viability Gap Funding Support
- Setting up of 2000 MW Grid-connected Solar PV Power Projects under Batch-III of Phase-II of JNNSM with Viability Gap Funding Support
- Setting up of 5000 MW Grid-connected Solar PV Power Projects under Batch-IV of Phase-II of JNNSM with Viability Gap Funding Support
- Grid Connected Rooftop for solar power future in India.
- Pilot-cum-presentation project for development of grid connected solar PV power plants on canal banks and canal tops
- Off-Grid scheme for SPV lighting systems and power plants, Solar Pumps
The central government mention job creation as part of its foundation for the Solar Mission. Solar PV is acknowledging as creating more jobs per unit of energy produced than any other energy source; thus it potentially represent a much needed solution to joblessness in the face of India’s burgeoning population and labor force. As India moves toward its 2022 target, the Indian government must not only have a thorough understanding of the employment opportunities created by the solar industry, but also factor in this job creation possible while designing and implement clean energy policies at the state and national levels.
The Adani Group will also going to set up a solar cell and module manufacturing capacity of 2 GW by 2022 as a part of the contract from state-run Solar Energy Corp of India (SECI), it said.
Some peoples ask me: “Why do you think that solar energy has a bright future in India?”
The simple answer for above question is, India has huge population and maximum of our energy source is depends upon Thermal energy, which increases pollution drastically. Due to which, it’s affection our Oxygen index and affecting more and more peoples on daily basis. Government is also focusing on Solar with huge subsidiary schemes. Hence, Future scope of Solar energy in India is huge and by installing rooftop system everywhere will increase the future of solar energy in India.
India at present import over 90% of its solar cell and module requirements from China and domestic manufacturer have struggled to compete with cheap Chinese modules. Gautama Adani said that foreign investor were paying attention in tie up with local partners to invest for future of solar energy in India. This will improve future scope of solar energy in the country.