The Future-Oriented Endeavors of the Solar Power Industry

Being the second most populated country in the world, electricity demand is always high in India. At present most of the energy required to produce electricity in India comes from coal. We are approaching a time when all the major coal reserves may get exhausted. The Hasdeo Arand coal block in Chhattisgarh has almost exhausted its reserves seven years prior to the estimated time. It is a living example of the adverse effects of unrestricted use of natural resources.

Solutions by Government

To be able to cater to the needs of the mass, the Government of India has backed the industry of renewable resources. As a result of  GOI’s support, many manufacturers were inspired to invest in this noble and comparatively novice venture. India’s non-conventional resources industry’s future is secure due to the plans of the higher authorities and the latest schemes. According to a paper published in “Nature Communications”, the amount of electricity generated by solar energy could meet approximately 80 percent of India’s demand by 2040, thereby saving almost $50 billion. Researchers of that journal also predicted that the emission level of CO2  would reduce drastically once people start to bank heavily on solar power.

Benefits and Planning for Solar Power

The optimum use of solar power for electricity would lead to a clean and greener environment alongside boosting the economy by job creation. The tropical geographic location of the nation has already been recognized as a boon for solar power generation. The states which receive direct rays of the sun for prolonged hours can produce as much as 6kWh per square meter of solar radiation daily. Recent reports show that India receives 5000 trillion kWh of radiation annually, creating high hopes in the minds of the employees of the solar power companies. The “SaaS” or “Software as a Service” companies are currently taking part in the nation’s economic growth. These technologically-advanced companies can efficiently help solar power stakeholders with myriad services, specifically in the areas related to data analytics, digital marketing, and sales. This can increase the country’s GDP rate, in the long run, which has been slashed down in the past few years.

The residential areas of our country do not lag far behind in this revolution for sustainable living. If we look more closely, we can find out that sunlight has been one of the major requirements for household chores since time immemorial. Sun-dried vegetables have always been the key ingredient for making pickles, etc. The process of sun-drying has been used for preserving foods since the olden days.

Options in India

In India’s tropical regions, especially in the states of Rajasthan, Madhya Pradesh and Gujarat, the amount of sunlight received is maximum. The solar plates and panels can be installed on the terraces of the house without any difficulty. The solar rooftop system is a cost-saving and eco-friendly way of converting sunlight into energy, thus generating electricity that can well be used for various purposes. Solar energy can be used for operating drones as well. This will cut down the cost by a huge margin, thereby helping the economy grow and have a balance within itself. India presently imports approximately 85% of its solar cells and modules from the neighbouring country; China. However, India has already got some innovative ideas regarding in-house manufacturing capabilities to turn the “Make-in-India” program into a huge success. Employment brings freedom, and self-employment reduces dependency. Financial independence is of utmost importance, both for individuals and on a national scale too. Utilizing abundant sunlight for producing electricity can light up the lives of many people across this huge nation.

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