Renewable energy is the future of our energy needs and also for having sustained growth.
So why go solar?
POWER SHORTAGES & RISING POWER PRICES
There continues to be a worldwide mismatch between demand and supply of power. Based on Ministry of Power reports, as of mid-2010s, there is a five-year average energy deficit of approximately 5%. This has resulted in direct pressure on power prices.
SOLAR: BEST AMONG ALTERNATIVES
With more than 300 days of sunshine per year in most parts of the country, India tops the list amongst the highest sunlight-receiving countries in the world. Unlike wind and hydro-generation sources of power, which are wind and water dependent, solar power generation is a viable energy generation alternative across the length and breadth of India.
NEGLIGIBLE TRANSMISSION COSTS
As solar plants can be built near points of consumption, power produced generally does not incur expensive transmission charges, or require expensive infrastructure or transmission investments. There is also practically 0% loss of energy.
SOLAR: HIGHLY COMPETITIVE ALTERNATIVE
Solar power generation does not require expensive supplementary material inputs for power generation. Power utilities have seen a steady rise in per unit production cost owing to domestic coal shortages, as well as the need to rely increasingly on more expensive imported fuels. This makes solar power more competitive. This makes solar power generation far more competitive and less resource intensive than conventional and mainstream power generation methods.