Let Us Explore the Solar Energy India Industry
The Solar Energy
India Industry is actually part of the bigger
Renewable Energy (RE) industry of India. One
source says that the RE industry of India
may be valued at 500 million US Dollars at
present (inclusive of the Solar Energy India
Industry) and is estimated to be expanding
further by 15% per year. The Solar Energy
India Industry has been getting prime investments
because of the huge demand for it as well.
If the Solar Energy India Industry prospers
further, that would certainly help the Indian
government in its pursuit of producing energy
maxing out at 10,000 megawatts by year 2012
through both RE and non-conventional energy
production initiatives. Due to the significant
electricity supply-demand gap, the existence
of so much sunlight, the current technologies
being espoused by the Solar Energy India Industry,
a government that is amenable to growth of
the Solar Energy India Industry, the existence
of varied comprehensive financing options
so players in the Solar Energy India Industry
can get the capital equipment they need and
want, and the growing acceptance by players
in the Solar Energy India Industry that adopting
and pursuing environmentally friendly policies
and initiatives makes good financial and economic
sense, we may expect that the Solar Energy
India Industry will improve in the near and
distant future too.
There are boundless opportunities just waiting
to be tapped by players in the Solar Energy
India Industry because the Indian government
itself is aiming to provide adequate electricity
to 18,000 villages by 2012. At the same time,
the Solar Energy India Industry can take advantage
of the need for RE initiatives (such as those
espoused by the Solar Energy India Industry)
to power up at least 10% of the power needs
of India on the whole (with deadline also
set for 2012.) Part of such plans includes
the project to establish lighting systems
based on 1 million SPV (or Solar Photovoltaic)
systems, a project to develop 8,000 SPV-dependent
irrigation pumps, another project which will
create 10,000 generators using Solar Photovoltaic
systems, and the development of independent
solar-power based SPV power plants. The Solar
Energy India Industry may even delve into
other solar-power-related projects like production
of solar cookers, solar air heating systems,
and solar water heating systems. There will
also be construction of solar passive structures
and solar retail outlets.
Why is there a need for Indian companies to
play a more active part in the growth of the
Solar Energy India Industry? It is because
American companies are actually leading the
way for the expansion of the industry but
there are already people deemed professionals
in solar power systems who could provide tough
competition for those American companies anyway.
At present, the US companies that are playing
a big role in the Solar Energy India Industry
are namely: Sundanzer, Duke Solar, Shell,
Astro Power, Alstom Power, NRG System, Solar
Wall, and GE Power Systems. If Indian companies
do not put their best foot forward now, it
is notimpossible that more American players
will come in and dominate the Solar Energy
India Industry.
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