htmlDazzling Times for Solar Sector |

Dazzling times for solar sector

Solar energy has been looked upon as the energy of future from over a decade now, but it has already started changing the energy game.

Solar sector has gained much popularity in a very short span of time. The de trop intensity and its overwhelming benefits have always been a catchy factor for investors to go solar. The year 2015 has brought magnificent rise in solar energy sector and significant shrinkage in solar installation price worldwide. The solar sector in India is also keeping up with the changing scenario and is set to have world's cheapest solar power plant and world's first solar international airport.

Despite the plummeting prices of crude oil solar power is dominating the political landscape in New Delhi. Government's call to set up 100 gigawatt solar plants by 2022 has prompted ministers and Parliamentarians to jump into the field. There's a whirl of activity in the ministry of new & renewable energy where those making a beeline include not just global solar technology firms but MPs, ministers, heads of institutions and bureaucrats.

With the ongoing solar energy boom ministers and MPs are very keen on harnessing solar energy. National security advisor Ajit Doval wants it at home while commerce minister Nirmala Sitharaman believes it's the best solution to light up two villages she has adopted in Andhra Pradesh while several ministers and members of Parliament are closely looking at the potential of solar energy in their respective states and constituencies. The Solar Energy Corporation of India (SECI) is already in the middle of devising `solar solutions' for the two villages so that they can   switch completely to solar power.

The worth of solar sector has also increased due to the huge investments this sector is getting through private as well as government sector. Over 300 companies are in the fray to meet the demand for solar power equipment to help the country meet the target of generating 100 GW of solar energy by 2022.

Sun Shines on Solar Projects

The government of India has also approved master plans for 50 cities to develop and convert them into solar cities. The criteria set for identification of such cities include a population between 50,000 to 50 lakh, initiatives and regulatory measures already taken along with a high level of commitment in promoting energy efficiency and renewable energy.

The offices in government sector are also looking to go solar. There have been many other large projects announced by the current government to promote solar energy sector

  • Thar Desert has some of India’s best solar power projects which is estimated to generate 700 to 2,100 GW.
  • On March 1st, 2014, the then Chief Minister of Gujarat, Narendra Modi, inaugurated at Diken in Neemuch district of Madhya Pradesh, India’s biggest solar power plant.
  • The Jawaharlal Nehru National Solar Mission (JNNSM) launched by the Centre is targeting 20,000 MW of solar energy power by 2022
  • Gujarat’s pioneering solar power policy aims at 1,000 MW of solar energy generation.
  • About 66 MW is installed for various applications in the rural area, amounting to be used in solar lanterns, street lighting systems and solar water pumps, etc.
With all the investment and government support this sector is expected to create new job opportunities in manufacturing sector and bring in more investments. In other words, the future of solar energy sector has already arrived in and it looks bright and sunny.

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