123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Environment >> View Article

How India Can Become A World Leader In Solar Energy

By Author: Nikhil Mehra
Total Articles: 33

There is an abundance of free solar energy in India. Using the country’s deserts and farm land and taking advantage of 300 to 330 sunny days a year, India’s solar power generation can easily generate approx 5,000 trillion kilowatt-hours of solar energy.

In other words, by implementing the right policies as part of its renewable energy development efforts – India can not only meet all its energy requirements through renewable sources by 2050, but also become a world leader in solar energy.

Here’s a close look at some steps that India can initiate to take its rightful place among the front row of leading solar energy producers.

Enact and deploy a comprehensive new energy roadmap or innovative RE policies (e.g., PPAs, Net Metering, FIT, etc.).

Set up a National Renewable Energy Standards/Policy such as 20% by 2020, 40% by 2030 and 100% by 2050 — to boost demand, encourage new industries and innovation.

Invite global majors to meet the new JSNM targets of 100 GW (solar) and 75 MW (wind) by 2022 and beyond.

Hasten the switch to electric transport by deploying solar-powered EV charging stations around the country to encourage the use of electric vehicles (EV) and plug-in hybrids.

Improve public transportation by launching zero-emission, battery-powered electric buses across all major Indian cities to help reduce air pollution and the ill-effects of climate change.

Make energy efficiency a high priority by encouraging the implementation of cost-effective and effective energy efficiency standards.

Phase out conventional energy subsidies, and initiate a long term plan to replace the use of fossil fuels and nuclear energy with utility-scale renewable generation.

Provide innovative financing (tax-free Solar Bonds or Green Infrastructure Bonds), accelerated depreciation mechanism, and access to easier credit on competitive terms, to boost confidence among potential investors and reduce the cost of financing for RE projects.

Create and fund a national smart infrastructure bank for renewable energy projects.
Plan and develop large-scale solar manufacturing hubs in India to facilitate the mass production of PV, CSP and CPV equipment.

Avoid future investments in fossil fuel-based projects and, instead, emphasize nationwide deployment of community scale solar energy projects and micro-grids with storage.

Build energy storage facilities for thermal, grid battery storage, vehicles-to-grid/home, pumped hydro, fuel cells or hydrogen produced from renewable energy, flywheels, superconducting magnets and super capacitors.

To achieve its ambitions of becoming a world leader in solar power generation, India clearly needs to fundamentally transform the manner in which it generates, distributes and uses energy.

By doing so, India can reduce its dependence on fossil fuels, create millions of new jobs, and further improve its global competitiveness while simultaneously reducing carbon emissions and slowing climate change.

In keeping with its goal to reach 5000 MW capacity, Welspun Renewables has a slew of projects across high solar irradiation and wind velocity sites, spanning key states like Gujarat, Rajasthan, Madhya Pradesh, Maharashtra, Karnataka, Punjab, Tamil Nadu and Andhra Pradesh.


By pursuing the rightrenewable energy development policy, India can not only meet its own energy needs but set a new example for the rest of the world to follow.

Total Views: 185Word Count: 503See All articles From Author

Environment Articles

1. Oilfield Services Market To Be Worth 125.51 Bn Usd By 2022
Author: Markets and Markets

2. Oilfield Equipment Rental Market To Reach 20.55 Billion Usd By 2022
Author: Markets and Markets

3. Well Intervention Market Size Worth 9.85 Billion Usd By 2022
Author: Markets and Markets

4. Synchronous Condensers Market To Grow At Over 2.1% Cagr Through 2021
Author: Markets and Markets

5. We Are Proud To Host Asia's Leading Agricultural Trade Convention In India
Author: Agri Expo

6. Top Off Your Beer, Not Your Tree!
Author: Jory Cuttitte

7. The Essential For Sustainable Agriculture In India
Author: Agri Expo

8. Agriculture Farm Machines Assists To Lift The Creation From Crop
Author: Agri Expo

9. Global Virtual Power Plant Market To Hit Worth 709.2 Million Usd By 2021
Author: Markets and Markets

10. Concentrating Solar Power Market To Expand At Whopping Cagr Of 10.3% During Forecast Period
Author: Markets and Markets

11. What Are The Benefits Of Agriculture As Well As Farmers?
Author: Agri Expo

12. Organic Farming - The Future Of Farming In India For Agriculture
Author: Agri Expo

13. Organic Farming Is Serving Save From Cessation For Agriculture
Author: Agri Expo

14. The Dire Situation Of Dairy Farmers
Author: Agri Expo

15. Is Environment-friendly Farming Away For Agriculture?
Author: Agri Expo

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: