Solar Energy- India is here to Stay and Reap
As the Paris Summit of UNFCCC stresses on the need for adopting climate resilient techniques across the world, India has used the occasion to highlight its commitment towards expanding the solar energy potential. Prime Minister Narendra Modi, while launching the International Solar Alliance (ISA) on the backdrop of the Paris Summit, said that the move could make power accessible to all, bridging the inequalities.
ISA seeks to share collective ambitions to reduce the cost of finance and technology that is needed to deploy solar power widely. It also emphasis on the generation and storage technologies adapted as per the individual countries’ needs.
India, with a solar energy reserve of about 5000 trillion KWh, is all set to reap in the potential by encouraging global participation and technology accumulation. However it s estimated that, despite such huge potential, India is utilizing only 1% of its reserves.The renewable energy plants are located mainly in the North Western stats like Rajasthan, Gujarat and other states like Andhra Pradesh.
Considering the fact that the solar energy available per year exceeds the fossil fuel reserves in India, the government is planning to expand the grid capacity by a lakh MW by 2022. This immense availability makes the harnessing process easier with both solar thermal and photovoltaic techniques.
Another advantage is that, developing the sector can offer a big push in making the rural electrification process a success. Power needed for cooling and heating can be obtained via off grid decentralization and low temperature applications.
To make the efforts and benefits targeted, government is looking forward to strengthen the policies via bodies like the Solar Energy Corporation of India( SECI). Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy, informed the parliament that the organization is engaged in implementation of a number of renewable energy projects and schemes including setting up of 2000 MW solar power projects under VGF scheme.