Written by: Dr. Amit Mishra
The sky is the limit to the New Solarise India
According to the experts, energy resources (Non-renewable; Coal, oil, and gas) will be exhausted in the coming few decades! (Around 40 Years)
So, How to prevent depletion of natural resources? What are the solutions to the energy crisis? How to achieve sustainable energy? Is the future lie with renewable energy?
With the present population of about 1.3 billion inhabitants, in around seven years, or roughly by the year 2024, India, a rapidly growing economy, is expected to surpass that of China to become No.1. It is anticipated that a steady increase in population, around 39% of the population, will be living in cities across India by the year 2030. The analysts forecast the global smart solar market to grow at a CAGR of 15.22% while the Indian market at a CAGR of 10% by the year 2022.
With this large scale urbanization, common people and businessmen’s dependency on electricity will increase in the near future, which ultimately will enhance tremendously the demand of power or electricity. India needs to work out strategies for sustainable solarisation by “Make in India” solar cells which will ultimately reduce the imports, at present 90% of the solar cell and module requirements are received from China, Malaysia, and Taiwan.
Key drivers of Solarisation
- Sufficient solar radiation availability throughout the year (2400-3200 sunshine hours per year)
- Rising Energy Gap (Increase in energy requirement)
- Declining Cost of Solar Power Generation (In the future it may reduce your electricity bill to 50%)
- Government Incentives for Solar Development (Both tax and non-tax benefits for promoting investment)
It’s none other than the human being, the ever-growing and never-ending need and greed of this creature has created such a situation today. Solar energy is one of the most abundant energy sources available on earth. There is a strong requirement for energy management and demand-driven smart solutions as it avoids wastage and makes optimum use of available energy in a smart manner.
The non-renewable resources, like coal, petroleum, gasoline, are reaching their extinction end because of their exorbitant use. Also, the million years of use by human has created pollution and toxicity in air, water, and nature.
Recent initiative by the Government of India by organizing first Assembly of the International Solar Alliance (ISA) in New Delhi, has given indication about ISA replacing Organization of Petroleum Exporting Countries (OPEC) as the key global energy supplier in the future under the idea of “One World One Sun One Grid” in the near future and to be headquartered in Gurugram, India. Cities and suburbs will experience notable transformation in the near future to create sustainable living conditions for their citizens. Major cities like New Delhi, Mumbai, Kolkata, Chennai and the selected Smart cities of India needs a transformation in important sectors in the form of solarisation and Next-generation infrastructure.
How Solarisation will transform different sectors like Agriculture, Ports, Indian Railways, and Airports?
- According to the Ministry of New and Renewable Energy, the Indian farmers will effectively bear only 10 percent of the cost for solarising his agricultural pump under the Govt. Scheme Kusum (Kisan Urja Suraksha evam Utthaan Maha Abhiyan).
- Soil solarization (also called plasticulture) is an eco-friendly, simple, safe soil disinfestations method for managing soil-borne plant pathogens. Recently Modi government has shifted its focus to attain the objectives of the National Food Security Act.
- Recently, An MoU (Memorandum of Understanding) has been signed between SECI (Solar Energy Corporation of India) and the Indian Ports Association (IPA), in the interest of the individual port trusts, to carry out the solar energy projects.
- ReNew Power Ventures Private Limited has been allocated of 5MW solarisation of Indian Railways which will check the high charges paid for traction power.
- The Cochin International Airport in Kerala has been declared as the first completely solar-powered airport which is playing a major role in reducing the carbon content of the environment.
This demand for smart solar power solutions is prevalent across the country, 23GW at present and is expected to increase by 100GW, because of its economical and user-friendly concept for common people and businesses. Although, high initial capital cost, product instability, incompetence, and lack of awareness could pose a threat to the smart solar industry. The smart solar global industry outlook with adaptability in the near future is looking forward to a positive outcome in the coming years.
Presently being the world’s third largest consumer of energy consumer, after the US and China, India has a vast potential for harnessing solar energy. Therefore, Young entrepreneur’s need to keep a close eye on the upcoming events related to solar energy. It is expected that Solarisation will come up with huge business and job opportunities in installation and maintenance. With the requirement of an effective carbon emissions reduction along with economic development and electrification of the country, Solarisation is crucial to India’s future energy needs. However, such a goal can only be achieved through consistent policies and by keeping the interest of the entire industry in perspective.