The Roadmap Of Solar Energy Companies In India Emerging For Emission Free Environment 

India has pledged its responsibility for zero-emission and the task is carried forward by the nation’s renewable energy companies.

The global concern surrounding climate change is real. Severe consequences await the world community if enough is not done to restore the environment. 

Aspects Of Solar Energy In India

The country is blessed with intensive natural sunshine almost through the year covering the geography extensively. 

• This natural resource has successfully facilitated the establishment of solar energy power projects. 
• Indian states like Rajasthan, Gujarat, Maharashtra, West Bengal, Bihar, Chhattisgarh, Madhya Pradesh, Tamil Nadu, Andhra Pradesh, Ladakh, and Odisha are some of the power generation points of the country. 
• The solar power generation capacity of India increased from 6.76 GW in the financial year 2016 to a cumulative 54.00 GW in the financial year 2022. This amounts to an annual growth of 41.39%. 
• With less focus on thermal plants to curb emissions, solar power generation has been recognized as one of the most potent energy resources. 
• The largest thermal power plant in India is coal based and may cause a setback for the country’s efforts at conservation. There has been a global concern over the excessive use of coal resources in various countries. 

Role Of Corporate And Private Investments 

The government of India has endorsed the privatization of various public sector engagements. 

According to industry experts, India can attract USD 20 billion worth of investments in its renewable energy sector. Despite the challenges faced by solar power projects, there is enough scope to overcome them. 

It is also reflected in the share prices of renewable and solar energy companies in India. A remarkable growth in their valuation has been seen in recent times. 

Benefits Of Renewable Energy Projects 

A perception still exists in India that questions the efficacy of renewable power projects. Here are a few insights to understand the scope better.  

• The three renewable energy resources are the Sun, Wind, and Water. The availability of these abundant resources can be successfully harnessed.  
• As a tropical country, India has a natural abundance of heat and sunlight to generate solar power energy. 
• India has more than 197 hydroelectric projects. It is power-driven by its river network, waterfalls, and dams that have provided a steady energy supply. 
• The extensive coastline of the peninsula has been the perfect home to wind farms in India. It has produced a high-power supply resource owing to the strong wind currents available throughout the year. 
• These are natural resources and thus inexhaustible. We can use them to fuel domestic power supply requirements and small and medium-scale industries. 
• Renewable energy resources can help India’s remote areas to fulfil power requirements and make people self-sufficient. 

The consistent efforts and investments of solar industries India, albeit commercial, have brought about a much-needed focus on renewable energy uses. 

Many Indian states are creating solar power projects to fulfill domestic and limited commercial power requirements.

It is a roadmap to building self-sufficiency in a post-pandemic era. People can generate income in home towns and not be forced to travel to faraway places to earn a livelihood. 

To know more about the installation schemes of renewable energy projects, you can log onto www.alfainfraprop.com. You can communicate with us at +91 22 42429999 or email us at info@alfainfraprop.com