India was once known as the nation with the most polluted air in the world, but thankfully that’s not the case anymore. One of the biggest reasons India made such big improvements in its air quality was because it has been able to embrace renewable energy sources like solar power, which are growing more and more popular every year as India develops. By 2022, it’s estimated that solar power will account for over 10% of India’s total energy consumption, with room to grow even beyond that!
Solar power is one of the most abundant and sustainable energy sources on Earth. And while it currently only accounts for a tiny fraction of the world’s energy mix, that is changing fast. In fact, according to an International Energy Agency report released last year, solar PV could become the largest source of electricity by 2050.
Solar power is already cost-competitive with fossil fuels and some other renewable sources. And it has experienced rapid growth in recent years, largely due to decreasing costs. In fact, in 2016 solar power attracted more investment than any other technology across the globe. Today, there are already two million people employed in the solar industry globally. By 2030, there will be eight million people.
A few major countries are leading this bright future. China leads the way, installing around 53 gigawatts of capacity in 2017 alone – nearly double what was installed during all of 2016!
India is another leader; they have committed to install 100 gigawatts (GW) by 2022 – which would make them the third largest solar market after China and America – and 200 GW by 2030!
In an effort to increase solar power generation, the Indian government has been working on several initiatives. In 2015, the government launched the Jawaharlal Nehru National Solar Mission, which aimed to increase capacity to 20 gigawatts by 2020. The government has also created a number of incentives for businesses and individuals to install solar panels, including tax breaks and subsidies. As a result of these efforts, solar power generation in India is expected to reach 100 gigawatts by 2022.
This is making renewable energy more affordable than ever before. It’s estimated that by 2030, at least 30% of India’s energy will come from renewable sources.
Environment and Economics
In India, solar power is becoming an increasingly attractive option for both economic and environmental reasons. With the cost of solar panels falling and the price of coal rising, solar is becoming more cost-effective. Additionally, as awareness of the damaging effects of climate change grows, more people are looking for sustainable energy options. Solar power is one of the most promising renewable energy sources available, and India is well-positioned to take advantage of it.
In India, the sun is seen as a symbol of life and energy. Solar power is a natural fit for the country, which is working to increase its renewable energy output. There is strong government support for solar power, and it is becoming more popular with businesses and homeowners. There are still some challenges to overcome, but India is well on its way to becoming a leading solar power producer. Studies show that by 2022, India will generate 400 GW of solar power. That’s enough to replace all coal production in the country! One thing that has slowed progress is that although most Indian homes have rooftops perfect for installation, wiring can be prohibitively expensive.
Advantages for Consumers
Solar power is a clean and renewable energy source that can help reduce your reliance on fossil fuels. Solar panels also have the potential to save you money on your electricity bills, and they may even increase the value of your home. Solar power is becoming increasingly popular in India, as the government continues to invest in this sustainable energy source. There are many reasons for solar power’s increased popularity. First, it’s an eco-friendly energy source that helps reduce our dependence on fossil fuels. Second, solar panels have the potential to cut down on monthly electricity costs and might actually increase the resale value of homes. Lastly, recent changes in Indian law mean that consumers now own their solar panel systems after paying off their instalments; previously, these systems would be taken back by the company once people paid off their instalments.
Despite the challenges that come with implementing solar power on a large scale, India is making incredible progress. With the help of the government and private sector, solar power generation is expected to increase significantly by 2022. This clean, renewable energy source will help reduce India’s dependence on fossil fuels and create a more sustainable future. In order to keep up with India’s rapid population growth, the country must find ways to provide enough power without harming the environment. Solar power offers a viable alternative solution; it doesn’t produce any harmful emissions or greenhouse gases like other fossil fuel alternatives do.
The main obstacle in deploying solar power is cost; it remains far too expensive for widespread use. But this may change soon thanks to new innovations and partnerships between both private and public sectors.
In just a few short years, solar power has gone from being a virtually unknown energy source to one that is embraced by countries all over the world. India is leading the way in solar power generation, with an ambitious goal to produce 100 gigawatts of solar power by 2022. This would be enough to power over 20 million homes and significantly reduce India’s carbon footprint. Solar power is cheaper than ever before, and with continued advancements in technology, it is only going to become more efficient and widespread in the years to come. It may still be hard for some people to accept this clean, renewable form of energy as the answer, but many environmentalists and other experts believe that we are running out of time. It is not yet too late for us to take responsibility for our planet and embrace this safe alternative.