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Renewable energy or clean
energy is a global trend across the world. It was initially deemed as a
fashionable product and service and nations across the world were still
dependent upon conventional sources of power generation while
apprehensively waiting for major breakthrough in the renewable energy
sector. However, the economics in solar energy have suddenly started to
make great sense to industries, citizens, governments and advocates of
global warming. It is
no longer a fashion statement but a necessity for everyone to incline
towards solar and other green energy models. The components required in
generation of energy from solar farms or roof-top installations are
becoming economical, smarter and efficient. The per unit cost to
generate power is declining, with the increasing installations the cost
is moving southwards dramatically. It is now lower than the other
conventional sources in most areas and it is further decreasing.The
problem area may
be the convoluted architecture and t maintenance of these solar cells
after t installation. It is an interesting fact to know that that green
energy now hires more people than the conventional energy companies in
some states in USA and the r same trend shall be i observed in other
parts of the world as well. People are now working aggressively with
circumspect l precision to develop the solar tiles which will not just
create energy for the houses t but also make them look good.
Availability of sun's rays is in
abundance during day time, but at nights it was impossible to use the
power of sun until now where the storage systems are being developed and
deployed. This is another big area which is currently attracting lot of
researcher and huge investments. Energy storage solutions are becoming
emblematic, they are gaining popularity and large companies are building
a network of energy generation and energy storage units to serve the
needs when sun is not shining bright.
An entire industry is rising from the ground up in India, and this includes the solar cell makers, assemblers, inverter providers, net metering and energy companies, maintenance companies, storage equipment and battery manufacturers are collaborating to form a robust industry.All of them are taking a good share with an ever-increasing demand and popularity. Solar farms are erected which are meeting the global standards in terms of scale and quality, roof-top installations are at all-time high, rural areas are the places where solar panels are installed faster than ever before.Intelligent grid systems are laid by governments, which are capable of prioritising peak and off peak rates, selling and buying energy at the same time. Time has come where a big leap in innovation is required which can enhance the storage capacity of the batteries and increase the efficiency of the solar cell. Multiple entrepreneurs are pushing themselves to limits only to innovate and they are working on breakthrough technologies to unleash the new avenues to make life easy and simpler.
With the rollout of 'Make in India' initiative, acquainted investors and companies are targeting India and have started to produce in India for India and may offer exports from these units to neighbouring countries at a later stage. Plenty of investment opportunities are being explored and by investors and most of them are coming in the field of infrastructure, power, electronics, defence, food processing, space research, renewable energy, etc. All these industries require a larger footprint and have a tendency to impact the economy of a region or nation in multiple ways. Ever since the initiative was unveiled, a plethora of deals and announcements have been made to strengthen the manufacturing base in the country.Government is making special efforts to reveal workable policies for global investors and are decently successful in pulling larger sum of FDIs. Setting up of any such units is time consuming and shall be only rewarding in the long term, hence the investments are large and a lot of government support is required.All states have made special efforts to pull in investments from all industrial sectors, and the large conglomerates have really applauded the way India is transforming through Make in India campaign. The projects are in the rollout stages and it is conspicuously known that a large Indian population is about to gain employment, and the economy will gain significant momentum. Various industrial and development corridors along the length and breadth of the nation are being proposed and established by the government to make sure that development is all-around and not concentrated in already developed pockets. We shall be able to draw positive analogy with certain developed countries with respect to the amount of investments coming into the nation.
--Lalit Yadav contact email: alok.sinha2@ timesgroup.com
Source : http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=POWERING-THE-FUTURE-13042017008010
