Power crisis issues likely to remain as a primary concern for the world for next few years may be for another 25 years. World is running on peak production of fuels which are tangible for production of power. There are more than crores of people worldwide who have no access to clean energy which severely constraints their socio-economic developments. The issue of climate change is real and is getting attention from everyone around the world.
The Power requirement is growing in multiples of 10 every 5 years and keeping in view of generating clean energy there had been consistent research on the renewable energies. The growth in Power demand cannot be de-coupled with climate change and it provides a unique business opportunity to develop “clean energy” as the future energy source.
The share for solar energy is smaller (0.039%) as till recently use of solar PV systems has been limited to only few applications. Hence, the emphasis was on reliability, with cost not being a key consideration. In the last 3 years, concerns over climate change and energy security have led to more wide spread use of Solar PV. Due to its modular nature Solar PV can be a de-centralized solution for urban/rural households and other buildings. It has the potential to bring about a paradigm shift in power distribution as was brought about by cell phones in the telecommunication sector.
Solar power can be envisaged as an important energy source that can address India's power requirements. On average, Even if 10% of India's land mass was used for harnessing solar energy, installed solar capacity would be at 8,000GW, or around fifty times the current total installed power capacity in the country. India by its geographical conditions receives has more sun days per year and receives an an insolation of 4 to 6 kWh/sqmtr/day.
This makes india a better part of the world for making the project viable compared to many parts of the worls