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Fdi India news

India's Solar Industry Is Growing

    3 July , 2021         Fdiindia

India's Solar Industry Is Growing

India has clear, sunny weather for 250 to 300 days out of the year. Over India's land area, this exposure to the sun is projected to be worth 5,000 Tn Kilo Watt Hour (kWh) of energy each year, with most sections receiving 4-7 kWh per square metre (sq. m) every day. If India were to tap even a fraction of this energy potential, it would meet the country's energy needs considerably more than once.

Solar energy is one of the decisive sectors of India because of the clear weather conditions. Solar power could be India's response to rural electrification, rapid urbanization, and grid decentralization. In addition, it will act as a pollution-free, zero-emission energy source. Prime Minister Modi's government has increased India's renewable energy capability, particularly solar energy, a top priority. Solar power's rapid rise in the country will help us satisfy the country's anticipated energy consumption of 2,785 TWh by 2030.

The news talks about India's solar system and the prospects it offers. The research highlights India's renewable energy sector's accomplishments while also highlighting the strength of the solar segment and its expanding presence in India. It also includes summaries of several federal and state government programs that have played, and continue to play, a key role in increasing solar power.