Solar industry in India is growing at an incredible rate. From current solar capacity (13 GW) to aggressive pipeline (14 GW under construction and 6 GW to be auctioned), and Government policies to make green energy a mainstream energy source is impressive, inspiring even. The industry growth is supposed to realize the vision of ‘energy reliance’, which is one of the few reasons behind India’s solar revolution. However, lack of quality inspection mechanisms (till now) and influx of imported modules have introduced the question of long term performance of the solar projects.
Hon’ble Prime Minister of India, Shri Narendra Modi’s setting the solar energy target to 100 GW by 2022 has given Indian solar industry the leg up it needed, leading to current 13 GW capacity. India has, practically, doubled its solar capacity from 5 GW in 2015 to 10 GW in 2016. And, the country is estimated to add approximately 8 GW at the end of 2017. The growth trajectory is incredible indeed, and India is on its way to become the third largest solar market!
In our pursuit for convenience and better life, we have gone a long way making inventions and innovations that make our lives comfortable, no doubt; but it also ruins the environment we live in. Operating on fossil fuel, most of the latest inventions pose serious threats to the climate, which is changing rapidly, thus affecting the existence of mankind on this planet.
India has shown a remarkable performance in the growth of the solar sector and has received global acclamation in the same. Be it setting up of the International Solar Alliance with France or playing a pivotal role during the negotiations at COP 21 at Paris, the Indian government is leading the global fight against climate change. India had taken a very calculated decision to increase the share of renewable energy in its electricity mix. Under the National Action Plan for Climate Change, a target of 20 GW of solar installations was announced in the year 2010 which was later revamped to 100 GW of solar and 75GW of other renewable energy sources by the year 2022. From less than 10 MW by the FY 2010, the country has seen an impressive growth to achieve a cumulative growth of 10 GW by the FY 2017.
Stepping out of your comfort zone and starting something new has a way of triggering a psychological fear of failure. It is common for everyone, regardless of his or her achievements and experiences in life.
Entrepreneurs are more susceptible to this feeling as they bear the weight of creating something from scratch. The competition, the perfectionism, and the habit of constantly measuring ourselves to others makes the fear of failure as real as a limb. Taking actions becomes a daunting task while entrepreneurs keep running scenarios after scenarios in their head calculating risks and questioning everything. It is potentially a labyrinth, but fortunately there is a way out.