Growth of Solar Rooftop Industries in India
At a time when the entire world is facing the effect of global warming and the burden on natural resources is increasing day by day there’s a need to look for a better option and to switch massively towards cleaner forms of energy such as solar power.
Many developed countries in the world have already started their solar programs by targeting on household rooftops.
Also, solar power has reached the grid parity and now is the cheapest source of distributed power across the world. After analyzing the potential, the govt also revises renewable energy targets every few years.
Today, our country needs to move rapidly from a solar power producer to a raw material producer. The manufacturing capacity of all solar system components has not grown big enough and we are slightly laggard in this matter. although many improvements have been done over the last 5-6 years
Many state governments have also taken a short-sighted view and announce subsidy on buyers’ point of view and are facing a falling capex market.
Now, capital subsidies are no longer needed in the industry and the subsidies, if any, should be increased in the value chain like manufacturing and producing.
But there are many challenges and obstacles which are still there in the market and need to be solved immediately. Uneven and continuously changing state policies regarding solar have created a confusion in a market which is already technologically unclear in consumers mind leading to a rampant decision paralysis. A single and optimistic centrally controlled policy needs to be implemented. Insufficient land or roof area is another issue face by the consumer.
Improvement in the plant efficiencies over the last 15 years have been significant in ensuring that the kWh energy generated per square feet keep increasing. Solar power plants installation companies have come a long way today with 500 Wp becoming the new normal tendency.
This is direct 4x jump on the land use efficiency in 12 years. This number will jump to 600-700 Wp within couple of years. A higher Wp per Square foot has an added advantage of reduced the Balance of System costs, which will push the solar industry and will help to grow rapidly the market in different sectors.
There are many other measures which still need to be taken to support the solar rooftop in India. The next big revolution in renewable energy will be in the storage segment and by 2022 storage is slated to be the enabler for the next 100 GW of renewable energy in India.
Distribution, generation and storage will change the way people depend on the main grid power for their everyday power needs. Energy independence will become a new standard. It is the result that even common people are also acknowledging rooftop solar energy.
Our country’s young and energetic population will adapt this new technology in no time. Recent studies by international research agencies and other third-party agencies have declared the India to be the cheapest solar market in the world. The transition from a cool to prudent technology has been great till date. It is the time to make this from prudent to dependable over the next 5 years. So that our country will fully dependent upon the renewable solar energy and lead towards better and green future