The world has already accepted renewable energy (especially solar) as future mainstream energy instead of fossil fuels. And now global energy moves show an interesting pattern that highlights global intent of utilizing the solar energy through engineering innovation.
To make a positive change in the energy scenario, the world really needs more focus on rapid solarisation. And floating solar is a successful attempt to achieve that purpose.
The Inception and Potential
The first floating solar plant was installed in Korea on Geumgwang reservoir in Anseong, Gyeonggi Province in 2014. The plant had a 465 kW energy generation capacity and consisted of 1,600 solar modules. The inception brought insight on the benefits of such installations. And in 2015, Japan announced the installation of then largest floating solar plant, comprising of 9,000 solar panels. However, within 2016, a much bigger installation of floating solar plant (consisting of 23,000 panels) was inaugurated on Thames, capable of producing 6.3 MW energy.
As an entrepreneur, when you are trying to create your business from scratch, and have found something excessively simple yet unseen to the world, it is your sacred responsibility to yourself and the world to make your everyday productive. It is how you can help your fragile and precious business dream to grow, spread, and find the form that will change the world in a certain manner.
While on such a noble pursuit, an entrepreneur must make certain changes to his/her daily actions, to maintain focus on the goal, side-lining distractions.
Incredible growth of Indian solar industry has made the country a major solar player, estimated to become the third biggest solar market worldwide by FY 17-18. Indian solar industry has shown 145% growth in 2016 over the previous year. And it is estimated to add 8-10 GW solar capacity in FY 17-18, displaying nearly 90% year-over-year rise.
Recently released The World Bank’s survey report on ‘Doing business 2018’ has portrayed India in a brighter hue, positioning the country 32 places up on Global Competitiveness Index. Although, that puts India in the 100th position, it clearly endorses the economic reformation within the country and eagerness to become a knowledge based, technology driven economy.
The initiatives that have helped India scale these heights can be traced back to 2014, when Government of India under the leadership of Hon’ble Prime Minister Mr. Narendra Modi launched economic policies, focusing on ‘reform, perform, transform’. Statistics showing total 67% increase in FDI inflow into India in the last 3 years and around $9.64 billion FDI inflow in August 2017 alone 1 testify the success of the growth plan that Government of India supported. Making India more suitable to establish and enhance businesses has huge implications on the socio-economic growth of the country.
As a species we have made incredible leaps through the centuries. However, energy has been one of the neglected issues in global development. Although our discovery of fossil fuels ran our industrial engine conveniently, it also kept emptying out the planet’s core. And after centuries, only recently the connection between continuous depletion of fossil fuel reserves and its effects on the world have been made. The obvious and very simple question, that what’s next after all fossil fuel reserves are depleted- has loomed over our sophisticated society.