The Positive Outcome Of The Solar Energy Sector After Recent Viability Crisis In India

India is facing a crisis due to the high electric bills and global warming. As India is a developing nation that is why it must think of installing solar energy to overcome the crisis in India. Solar power ability has reached its peak and it helped to save the world from danger.

Due to the severe rise in cost in the last two years, the National Solar Energy Federation Of India stated clearly that 25 GW solar projects are contributing risks and dangers. The project analysis stated that the project needs to go up about 0.50-0.80 key for becoming viable.

Photovoltaic Policies In India

India is a developing country which is why various types of factors influence the demand and supply of several types of resources. These include social development, income generation, and serious health issues that arise due to using of fuel wood, charcoal, etc.

The trend states that greenhouse gasses emit more in developed countries than in developing economies. That is why people are thinking about shifting their focus to the benefits of solar power. However, the studies are showing different results. It is showing the combating of energy poverty and the hazardous environmental factors of conventional sources of energy.

The sudden rise in the increase of gaseous fuels in different sectors like transportation, residential and industry. India is overcoming all the shortcomings with the help of installing sat power panels. These help to reduce pollution. More Effectively it lowers your electricity bill. India has suffered from all these problems. So, they have installed solar power plants.

Has India Shifted To Renewable Sources Of Energy?

Following the global trend, India has decided to shift towards renewable sources of energy to meet the crisis period. Solar power advantages mainly help in providing the environment free from all kinds of problems.

The total installation electricity demand in 1974 was supplied with a capacity of 16.7 GW. All these are owned by the central and state governments. Almost 51% was being operated with coal as the main fuel. There was a shortage of oil in the 1970s and that was a shock to the government. The Indian government thought of shifting to renewable sources of energy.

India is a tropical country which is why they receive energy. They can easily trap solar energy throughout the year. From then their mission started and they can trap solar energy.

There are lots of solar power benefits and that is why the government forecasts the country based on satellite. Now it approximately provides 500000 TWh of electrical energy.

The states of Rajasthan and Gujarat received enough sunlight throughout the entire year.

To conclude, we must mention that nowadays almost every tropical country is shifting their attention to renewable resources and thinking about solar power. Solar power will trap the heat and radiation from the sun and help in storing it in the form of batteries. After installing it there is no requirement for maintenance for at least three decades.

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