Solar Power Industry

Analysis of solar situation Industry Strategic Management ANALYSIS OF solar POWER INDUSTRY India is a country that has tremendous solar push potence. As the nation is face up an increasing demand - fall down on possibility in ability, it is important to tap the solar emf to meet the capacity needs. This oblige analyzes the Indian Solar industry, its major increment drivers, the challenges it faces and the different policy initiatives taken by the judicature activity. The article similarly tries to identify the unhomogeneous actions need to promote the offset and culture of the industry, enabling India to meet the uprising energy demands of the future. India is in a state of perennial energy shortage with a demand-supply gap of almost 12% of the match energy demand. This edit erupt is signifi burnt in the electrical energy segment that is heavily nonaged on coal and opposite non-renewable sources of energy. Renewable energy (RE) sources salary increase only 7.7% of the total installed designer capacity of 167,077 MW in India. Among the RE sources, wind power is the imposing component while solar energy currently contributes to less(prenominal) than 0.1% (on-grid+ off-grid) of the total installed capacity.

Exhibit 1 deliberateness of Solar Potential in India The solar energy voltage in India is immense callable to its convenient location about the Equator. India receives nearly 3000 hours of sunshine each year, which is equivalent to 5000 trillion kWh of energy. As shown in Exhibit 1, India can generate over 1,900 one million million units of solar power one-yearly, which is teeming to service the entire annual power demand rase in 2030 (estimates). Rajasthan and Gujarat are the regions with maximal solar energy potential. This, linked with the availability of barren land, increases the feasibility of solar energy systems in these regions. Considering Indias solar potential, the government has rolled out various policies and subsidy schemes to encourage growth of the Solar Industry, which is...If you want to express a full essay, show it on our website: Ordercustompaper.com

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