The rising tide of growth that Indian solar sector resembles has promised to shift the weight of poverty, unemployment and social-cultural asymmetrical growth from India’s shoulder, willing an energy rich future into reality. Quite decisively, Indian Government has devised plans for leveraging this opportunity.
Our cities are the physical embodiment of the largest and definitely, the most complex social engineering feat we have ever accomplished, symbolizing our social, political, economic, and cultural growth. From the very beginning, cities have been the centre of development, welcoming change, offering opportunities, and spreading (social, economic, political, and now technological) growth throughout the world. With this continued technological growth, the idea of smart cities came to life, adding transparency and perfection to the image we now have for our future cities. Acceleration of innovation in technology has promised the enhanced quality of life through IT interconnectivity, personal and social development.
Even without covering the plethora of reasons that vouch for immediate renewable energy (especially solar) implementation as the mainstream energy source, we can build a case on the inarguable fact that ‘fossil fuels are non-renewable’. And since mankind has only begun building towards a perfect, sustainable, and progressive society, being dependent on an energy source that is limited (fossil fuel depletion predictions range from 50 to less than 150 years), doesn’t seem a smart choice!
In the race to create a better lifestyle, secured economy, and progressive social structure, a handful of countries have fared better than the rest. The reason behind could be the impact of the industrial revolution, natural resource availability, social awareness, or plain and simple agile business tactics. But, the result definitely sets countries like US, UK, Germany, Japan, apart from the likes of India, Africa, Brazil, Indonesia.
2016 has been a progressive year for Indian solar industry. The leap from 5 GW in 2015 to around 9 GW grid-connected solar capacity was an incredible growth indeed. Rooftop segment has also flourished with the support of Government and rising awareness in the country, surpassing the 1 GW mark, achieving 113 percent growth rate in the last 12 months. The idea of solar park installations has also seen improvement with the Government approving 34 solar parks in 21 states. Although these indicators are pointing towards progress, it is important that we try to evaluate if the current growth rate can translate into success by reaching the 100 GW mark by 2022.