Solar Energy Industry in India & Its Future Prospects
PV Solar System Installer training programme - March 2015 at IST The Indian solar energy sector has been growing rapidly, in the past few years, majorly due to Government’s initiatives such as tax exemptions and subsidies. Due to technical potential of 5,000 trillion kWh per year and minimum operating cost, Solar Power is considered the best suited energy source for India. Much of the country does not have an electrical grid, so solar power will indeed be a boon for water pumping, to begin replacing India's four to five million diesel powered water pumps, each consuming about 3.5 kilowatt of off-grid lighting. Solar energy technology consists of solar thermal technologies, which utilize sun’s energy and solar photovoltaic technology, which convert solar energy directly into electricity. India has been ranked 7th worldwide for solar photovoltaic (PV) cell production and secure 9th rank in solar thermal power generation. This capacity is growing rapidly due to the e...