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.
The primary idea powering the Indian solar vision was energy sustainability and initiating internal industrial growth to control the nation’s own solar future. Approaching investors, drafting policies, and getting multi-billion-dollar financial aid to install solar panels in the country are obviously increasing the energy generation rate, which stands today at 8.06 GW. But, it doesn’t actually build industrial infrastructure required to claim a portion of global solar market or to provide sustainability. Continue reading