The renewable-energy program started by the Indian government is rapidly growing because of
the strategic policies stated by the government to utilize it to maximum potential. The solar
energy is one of the cleanest sources of energy that is available in abundance across the globe.
The power generation through the solar energy will surpass the electricity generation through
coal by the year 2026. The installed power capacity at present is 327 Giga Watts out of which the
thermal power contributes 55% and solar power contributes nearly 18% of the total. With this,
the country has set a target of achieving 275 GW of renewable power by the year 2027.
Key Factors Involved in Utilization of Solar Energy
The country aims at producing the 57% of the total electricity by the year 2027 out of the nonfossil
fuels that surpass the initial commitment of 40% done at the Paris Agreement. This will
provide support to urban areas along with rural areas in using the clean energy.
Moreover, the increasing demand for the solar panels for both household and industrial
establishments has made the government relax taxes on it. The infrastructure for the generation
of the solar power in most of the states has witnessed improvement. Here are some key factors
that show that Solar Energy will exceed from the Thermal Output by the year 2027:
- Initiative by the Renowned Companies: Many famous companies have entered into the
collaboration with the government sector to establish the Solar Power Plants. Like, in the
year 2016, the Adani Group built the largest power plant in the state of Tamil Nadu. The
project was finished within eight months and is capable of producing 648 MW that
provides power to nearly 150,000 households.
- Draft of the Energy Plans: The major challenge in front of the Indian government is
increasing the Solar Power project. At present, there are many thermal plants set up in the
country in comparison to the solar plants. For this, the government has to draft the energy
plans in order to shift from coal-based energy to the renewable-energy resources. The
Green Power corridor program will help the government to shift the energy requirements
to other states too as the concentration of the Solar Power plants is in six states only.
- Curb the Cost of Renewable-Energy Sources: The strategies of the government are
concentrated on the reduction of the electricity cost provided through the renewableenergy.
The estimated cost of power from the solar energy and other renewable sources
of energy is INR 11 per kilowatt. It is three times more than the cost of power generated
by coal. The present plans and policies are focused towards bringing down the cost of
electricity generated through solar energy.
Lastly, the coming years will witness the clean energy as the biggest source of provision of
electricity that will never get exhausted. The renewable-energy sources are in abundance, and the
government is setting up right infrastructure to harness them to their maximum potential. This
will also help in decreasing the carbon footprint and making the environment greener.