Change policies to up the deployment of solar energy
Why is solar power important for India? Globally, how has the market evolved?
India has huge solar energy potential with ample sunshine throughout the entire year. A recent survey projected that an estimated solar energy potential India has is around 500 GW and that the solar power for India in next 20 years will be playing an important role and will be able to meet 5-7% of the total energy requirements by 2021- 2022. Keeping in mind the fact that in India millions of people need affordable electricity, and businesses and other institutions are looking to the government to ensure reliable electricity in rapidly growing cities throughout the country, solar power is highly significant.
Globally India is considered as one of the leading markets in solar and renewable energy. Over the years, the country has evolved as a promising market creating a conducive ecosystem for incubating commercially viable technologies. With an increasing energy requirement, the shift towards solar power
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