As the world endeavours to foray the right balance between energy security, economic development and environment sustainability, solar power has arisen as one of the most sustainable sources of renewable energy to challenge this problem. The solar energy sector has been a pivotal point of enormous investments in the form of R&D and innovation, not only intended towards higher power generation and proficiency, but also from the point of view of energy stowing, financial models as well as integration of renewable energy resources into the prevailing grid infrastructure. A number of thrilling new technologies are either in the pipeline or previously in the market, and are set to have a progressive influence on the industry going advancing.
Being one of the most reasonable manufacturers of solar energy, the country initiates the development of the energy sector. The constant drop in renewable energy cost makes the country understand the benefit of affordability in connecting solar power systems than running coal-fired plants. The expenses for setting up PV projects in India have suggestively dropped by 80 percent amid 2010 and 2019, conferring to an analysis report shared by IRENA in 2019.
The development of India’s solar power capacity has been truly exponential, from a minuscule 10 MW solar energy generation size in 2010 to 30 GW in 2019. This massive tread can be predominantly credited to decrease in costs and augmented claim for solar installation, accelerated by encouraging government policies along the way. The sustenance for solar industry gained further momentum when Prime Minister Narendra Modi broadcasted an upsurge in India’s solar capacity target to 100 GW by year 2022, and also elevated a capital subsidy of INR 150 billion as preliminary support. The solar revolution in India is truly happening, and has provided impetus to several Indian companies to boost capacities for manufacturing solar modules; solar module escalating structures, solar power packs, solar generators, solar inverters, etc., in accumulation to the world-class land based solar EPC and rooftop solar EPC services. As per the IEA analysis, the steps taken to certify energy efficiency enhancements in India cut 15 percent of supplementary energy demand, oil and gas imports, and air pollution and 300 million tonnes of CO2 radiations amid 2000 and 2018. Seeing the factors of environmental sustainability, the government of India ramps up its effort to transition to the espousal of solar power. Let us examine some of the main technological tendencies that might drive this industry for the next 3-5 years and elsewhere:
Solar power generation technology: Solar power generation is further beneficial associated with electricity depletion and wind power generation. And as a significant part of an innovative type of renewable energy, solar power generation has a toned prospect and is appreciated by all the countries in the world. The research status and forthcoming expansion arrangement of solar power generation technology in various countries around the world are investigated. The principles, applications, benefits and disadvantages of two common solar power generation technologies, photovoltaic power generation and photothermal generation are familiarised.
Floating Solar Photovoltaic Plants: In a compactly populated country like India, land is a scarce resource. Setting up a utility scale PV project requires large bounces of land, typically about 4.5 to 5 acres for a 1 MW solar project as per current technology values. Furthermore, scaling up these projects require large chunks of contiguous land, which is challenging to acquire in most cases. Floating solar photovoltaic (FSPVs) plants, as the term proposes, refers to a solar PV installation system which is straddling on a floating structure over a body of water, typically an artificial basin or a lake. Besides recompenses of zero land requirements, floating solar PV modules produce about 10% more power associated to land based/ rooftop solar plants due to the conserving effect of water. These plants are also environmentally valuable for the water body wherever they are set-up.
BIPV Solar Technology: Building-integrated photovoltaics (BIPV) denote to photovoltaic building materials which naturally merge into a building architecture in the form of roofs, canopies, atrium, facades, and skylight systems. It delivers a sustainable and effective solution for augmenting the energy efficiency of the building, thereby providing significant savings in electricity costs, with zero carbon footprints. Dual glass modules are frequently used in place of regular glass walls, which produce clean energy, while permitting natural light inside just as conventional architectural glasses. Rising awareness about green infrastructure plus zero-emission buildings is expected to additional boost market growth.
Mono PERC Modules: There has been an augmented recognition of high-efficiency monocrystalline technology in solar ventures in India which in turn has urged the module manufacturers to promptly scale-up production of mono PERC modules. This modification from polycrystalline modules to mono PERC modules is primarily driven by higher efficiency which reliefs in reducing land and other balance of system (BoS) costs for developers, resultant in higher returns. Worldwide, the modification from poly to mono solar panels has previously been in place for the last 2 years. Due to its price-sensitive nature, the Indian market has been slow to espouse the technology, with mono PERC modules being 10-15% more expensive. Though, with technological improvements and growing volume of production, the price variance between the two is expected to reduce further. Nowadays, the best solar module companies in India offer mono PERC modules with 400 Wp power output with an competence of more than 20%, further fueling the shift to this technology.
Bottomline
The extensive use of solar energy knowingly diminishes the influence on the environment. It consumes the most plentiful raw material in Physically, India is located near the equator and that donates to the expansion of the country’s solar energy potential. Being, i.e. the sun. Physically, India is positioned near the equator and that contributes to the maximization of the country’s solar energy potential. Further, with progressions in the technology of solar panels and swelling efficiency, it could be an suitable time to accept the technology explanations for households and governments alike.
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