Renewable energy is nothing but energy that can be created by indefinite natural resources
such as wind, ocean, or water. In today’s time, renewable energy should be used more than
ever as it is the only way not to exhaust and run out of energy.
The year 2020 has been full of learnings. Also in terms of how if we take care of the
environment it can self-heal itself. The pandemic affected the solar industry way before the
other industries were disturbed as China holds major equipment, close to 70 percent or more, and China experienced the first series of lockdowns around late January. The shipments
took a halt and caused the solar power industry to scar.
There have been different news about Renewable energy and the solar industry in India. Below a few of these news headlines are listed :
● A news article said around 50 GW of renewable energy capacity is under
● According to industry players, the current focus is on developing large-scale ultra
mega solar power projects but there are challenges such as land acquisition,
sub-optimal utilization of power evacuation infrastructure and higher transmission
losses and charges.
● As per the latest edition of ‘India Solar Rooftop Map’ by Bridge to India, a report said
that after Tamil Nadu, Maharashtra has taken over in becoming the biggest solar
● IEA says that India might be able to increase its renewable energy to its highest
amount after COVID 19
● Proud moment for India when the UK PM praised India’s ‘incredible’ solar power
strides at the climate summit.
● Reports suggest that India could be the Largest Contributor for the Renewable
Energy Sector in 2021 as India is running one of the largest and most ambitious
renewable capacity expansion programs in the world of achieving 175GW of
renewable energy by 2022.
India is a huge country that users and produces renewable energy. A lot of companies are
now venturing into this field of producing Renewable energy, solar energy thermal energy, and are able to perform and deliver promised targets. It not only helps in replenishing natural
resources but also helps in developing the economy big time. This industry was taken aback
by the Coronavirus hit in 2020 in early January as a lot of its equipment used to be imported
from China and as we know China was one of the first nations to have been put into a
state of lockdown. Ever since then there has been a lot of news and buzz around this field.
News about Solar power, renewable energy, and India’s share in the industry in the coming
years gives us a good insight and lets us prepare for the future.
There are fine companies that work in the industry Big time and are basically driving
India’s energy sector. Namely, Renewable energy companies of India: NTPC, Adnani
Group, Tata Power, JSW Energy, Torrent Power. All of these companies are doing their bit to
take the nation in the direction of using renewable energy as its main source to generate
power in their own unique manner. In 2021 there is a high chance of investors wanting to
invest in this field of business as it is an upcoming venture.