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.
The Indian Government has made incredible strides to lead the country into green energy transition. From 2010, when India had a meagre 10 MW solar capacity, the leap to 9 GW, has been commended at the global podium. And with favourable growth in solar installations, India’s module manufacturing capacity has grown approximately 150 per cent in just the last two years (from 2014).
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.
The primary idea powering the Indian solar vision was energy sustainability and initiating internal industrial growth to control the nation’s own solar future. Approaching investors, drafting policies, and getting multi-billion-dollar financial aid to install solar panels in the country are obviously increasing the energy generation rate, which stands today at 8.06 GW. But, it doesn’t actually build industrial infrastructure required to claim a portion of global solar market or to provide sustainability.