Floating Solar: Industry Potential and Right Approach for Green Energy Growth

10kW Floating Solar Power Plant at New Town,Kolkata,West bengal,India (1)

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.

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ISA: The Collaborative Platform to Achieve Energy Goals

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.

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The Energy Revolution

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.

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PRICE RISE OF CHINESE MODULES: FOREIGN DEPENDENCY IS ABOUT TO MAKE INDIAN SOLAR DREAM COSTLIER

solarIndia 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.

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Sense of Protection: A Necessity for Protecting Consumers and Raising Demand in Indian Solar Sector

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India’s involvement in renewable energy revolution has brought the country huge applaud in the global podium. The country has practically ignored the short comings of limited industrial infrastructure and surprisingly closing in to become the third largest solar market in the world (derailing Japan). India growing from 5 GW of solar capacity in 2015 to 12 GW in 2017 is a leap that only handful of developed countries have shown in solar sector. Indian rooftop solar is also gearing up to take lead in the global industry showing incredible growth from 72 MW per year to 227 per year. It is important to mention that Indian rooftop solar capacity has crossed 1 GW milestone, indicating near about 113 per cent growth in 2016 over 2015.

Continue reading Sense of Protection: A Necessity for Protecting Consumers and Raising Demand in Indian Solar Sector