Top 5 Reasons Why Solar Energy Companies in India are Renewing India’s Power

India rapidly embraces renewable energy sources, and solar energy is at the forefront of this transition. With solar power already accounting for 7.7% of India’s total electricity generation, solar energy companies in India are playing a major role in renewing India’s power and moving away from expensive and polluting thermal power plants. 

With a highly encouraging policy environment, ample capital, falling prices, and innovative technology, India has witnessed tremendous growth in its renewable energy sector over the past five years. In 2015, the government of India established a goal to reach 175 GW of renewable energy capacity by 2022. This goal has encouraged power plants in India to take action and ramp up capacity at a yearly growth rate of 17.5% between 2014 and 2019, thus increasing the share of renewable energy in India’s total energy mix from 6% to 10%. The power generation in India‘s capacity has increased significantly in recent years, with a total installed capacity of over 370 GW as of March 2021. 

Stay updated on why renewable energy investors have increasingly considered India a prime project destination.

The Reasons for Renewable Energy Solutions 

Renewable energy solutions provided by solar energy companies are a key factor in India’s efforts to renew power. Solar energy companies provide solutions to thermal power plants in India, helping them reduce emissions and increase efficiency while reducing costs.

• Cost Savings

With solar energy becoming more affordable and efficient, businesses and households are turning to solar power to save on energy bills. Many companies in India have reported savings of up to 50% on their electricity bills after switching to solar energy.

Moreover, the Indian government has implemented various policies and incentives to encourage the adoption of solar energy, such as tax exemptions and subsidies. 

• Renewable energy

In recent years, renewable energy has gained significant attention in India due to its potential to reduce the country’s dependence on fossil fuels and mitigate the adverse effects of climate change. India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022, with solar energy being a major contributor to this target.

• Reduced Emissions

Solar energy companies in India can also help thermal power plants to reduce their emissions. By replacing fossil fuels with solar energy, these power plants can reduce their emissions of greenhouse gases and other pollutants. This benefits the environment and the health of people living in the surrounding areas.

• Solar Energy Companies’ Contribution to Power Generation

According to data as recent as 2020, India holds a respectable position in the renewable energy market, ranked fourth for wind power, fifth for solar power, and fourth for overall installed renewable power capacity, making it one of the world’s top renewable energy markets.

• Non-maintenance

Unlike traditional power sources that require regular upkeep and repairs, solar panels can last for decades without any major maintenance needs. In addition to being low-maintenance, solar energy systems are also highly reliable. 

To Conclude

As a result, solar energy companies see a surge in demand for their services. With the ability to harness the sun’s power, solar energy is clean and sustainable and has the potential to save homeowners and businesses money on their energy bills. As the world continues to shift towards a more sustainable future, it is clear that solar energy will play a crucial role in meeting our energy needs.

To gather more information about the solar energy companies in India you are welcome to visit the website www.alfainfraprop.com or call at +91 22 42429999 or email at info@alfainfraprop.com