In recent years, across India, the role of solar and other renewable energy sources has increasingly become more prominent. India has become globally the lowest cost producer of solar power, after reaching their 20 GW capacity target for 2022, four years ahead of schedule. Despite the fact that coal has been dominating its energy market for a number of years, the country has decided to phase out fossil-based energy generation and adopt green energy. India has a strong incentive to develop new, domestic energy sources, reducing its trade deficit.
The growth of solar energy in emerging markets throughout India has been exceptional, with the nation already overtaking the US and becoming the second largest solar power market in the world. They are continuing to develop the electricity with solar power projects in Tamil Nadu, Rajasthan, Gujarat and Maharashtra, also being the top five states in India with the highest wind electricity generation.
Why is solar energy becoming so popular in India?
Solar and wind were once considered a costly source of power, but when compared to other conventional forms of energy, they are actually much more cost effective. The solar power plants are also relatively easy to maintain, without emitting any polluting gases. When utilised in countries like India, the simplicity of this technology makes it ideal for use in rural or difficultly accessed areas isolated from the network.
In rural India, renewable energy has the ability to bring electricity to remote places where people have not had access or not enough of it. Solar panels in India have the ability to changes lives for the better and it contributes economic benefits. The only limitation of solar power is our ability to turn it into electricity in an efficient and cost-effective way. With its pollution free nature, virtually inexhaustible supply and global distribution – solar energy is a very attractive energy resource for many countries across the globe.
How is Phelan Energy having an impact on the industry?
We are a world leader in the development of Solar PV solutions, powering a new generation of affordable solar electricity. The group is currently developing solar projects in 12 international markets and have over €3 billion of solar Power Sales Agreements with major government-owned power utilities. We target markets in Africa, the Middle East, Asia, Eastern Europe, Australia and Latin America – with the main focus being growing the organisation internationally.
Recently, we completed our latest project in Rajasthan – with the solar plant having a capacity of 70 MW which was delivered in 180 days with an investment of US $45m. The reverse auction of Bhadla Phase-IV Solar Park in Rajasthan, back in May 2017, was one of the most competitive auctions in India at the time. We are now known as one of the most significant leading solar power companies in India, having a huge long-term impact on the energy industry in this region of the globe.
To have a conversation with our team regarding solar power solutions in India and other energy systems, you are more than welcome to give us a call on +353 1 669 4680. Alternatively, send an email to email@example.com and someone will get back to you as soon as possible to discuss how we can best meet your requirements.
urces has increasingly become more prominent. India has become globally the lowest cost producer of solar power