Industry experts advocate long-term solar energy

Solar energy will become inevitable and a key player in Global energy transition In the future, as a result of multiple forces such as climate change Industry experts said the effects are being felt acutely in all countries, with costs falling and the ability to locate closer to consumers.

There is a global push for solar to become a much larger share of total energy. renewable value chain“experts said while addressing the International Solar Festival organised here by the International Solar Alliance.

“Solar is going to proliferate in multiple applications, such as rooftop applications… and at some point, we may have solar-powered laminated windows, etc. All of that is going to make Solar generation “We are closer to the people,” said Sumant Sinha, founder, chairman and CEO of ReNew.

Solar energy accounts for just 1% of primary energy demand, but it is also a huge opportunity, Sinha said. In India, in order to become a developed country by 2047, we need to have 10 TW of solar energy. renewable energy And most of that energy will be solar, he added.

The big opportunity for India is that in most places it has more than 300 days of sunshine that can be used in a distributed manner. Tata Power Company CEO and MD Praveer Sinha said:

India has around 85 GW of installed power. solar energy “Solar power capacity has jumped from 2.4 GW in just 10 years,” Sinha said, adding that India’s PM Surya Ghar Muft Bijli Yojana also offers a huge opportunity for solar to flourish. Investing in solar is a long-term programme and improvement in various parameters of the sector is happening rapidly, said Vineet Mittal, Chairman, Avaada Group. Primary cost of manufacturing and appropriate technological innovation are two important things to consider while taking an investment decision in such projects, he said.