+
Solar Efficiency Key to Energy Transition
POWER & RENEWABLE ENERGY

Solar Efficiency Key to Energy Transition

Pralhad Joshi, the Union Minister of Coal and Mines, recently emphasized the crucial role of solar efficiency and cost reductions in India's energy transition. Speaking at an industry event, Joshi outlined that improving the efficiency of solar energy systems and reducing costs are essential to meeting India’s renewable energy targets and ensuring a sustainable future. As India seeks to fulfill its ambitious goal of achieving 500 GW of non-fossil fuel energy by 2030, solar power is expected to play a pivotal role.

The government’s focus on improving solar panel efficiency has been a cornerstone of the nation’s renewable energy strategy. By making solar power more efficient, the energy output per square meter of solar panels increases, making it more economical and accessible, especially in regions with limited space. Along with this, cost reduction in manufacturing solar components and systems will lower the overall price of solar energy, making it more competitive with traditional energy sources like coal.

Joshi further noted that the integration of advanced technologies and innovations in solar energy will help make renewable energy more reliable and economically viable. As the cost of solar energy continues to drop globally, India is positioning itself as a leader in solar deployment, both in terms of capacity and technological advancements.

The push for cost reductions and efficiency improvements is also in line with the government's production-linked incentive (PLI) scheme, which aims to boost domestic manufacturing of solar components. With these efforts, the country hopes to reduce dependency on imports and foster innovation in the energy sector.

Pralhad Joshi, the Union Minister of Coal and Mines, recently emphasized the crucial role of solar efficiency and cost reductions in India's energy transition. Speaking at an industry event, Joshi outlined that improving the efficiency of solar energy systems and reducing costs are essential to meeting India’s renewable energy targets and ensuring a sustainable future. As India seeks to fulfill its ambitious goal of achieving 500 GW of non-fossil fuel energy by 2030, solar power is expected to play a pivotal role. The government’s focus on improving solar panel efficiency has been a cornerstone of the nation’s renewable energy strategy. By making solar power more efficient, the energy output per square meter of solar panels increases, making it more economical and accessible, especially in regions with limited space. Along with this, cost reduction in manufacturing solar components and systems will lower the overall price of solar energy, making it more competitive with traditional energy sources like coal. Joshi further noted that the integration of advanced technologies and innovations in solar energy will help make renewable energy more reliable and economically viable. As the cost of solar energy continues to drop globally, India is positioning itself as a leader in solar deployment, both in terms of capacity and technological advancements. The push for cost reductions and efficiency improvements is also in line with the government's production-linked incentive (PLI) scheme, which aims to boost domestic manufacturing of solar components. With these efforts, the country hopes to reduce dependency on imports and foster innovation in the energy sector.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code