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solar energy in India

How Solar Industry can contribute to India’s economic growth

India is fast moving towards a clean energy mix to support its consumer power requirements. It is the world’s third largest producer and fourth largest consumer of electricity in the world as of August 2018. Going solar is a decision that has enormous importance in today’s world of climate change and uncertainty of rising energy costs. There are signals that significant investments and supportive stance from the government have started to pay off. The falling costs of the renewables are making these alternative sources more viable to explore. In fact new solar and wind backed energy sources are now 20%…

A Brief Overview of the Solar Industry in India

solar modules

For decades, India remained a power deficit nation with a demand-supply gap of almost 12%. This trend was largely due to heavy dependence on coal and other non-renewable sources of energy. Fluctuations in domestic production of coal, import price of coal and global economic and political factors always created a challenge for India to effectively bridge its electricity demand and supply gap. The policy makers in India realised that renewables offered a viable solution for the country to meet its high energy needs not just for the present but for the future as well. Potential of both wind and solar…