The world today is moving rapidly towards the decarbonisation of the energy supply. With this greenlit revolution progressing for the greater good, the shift towards harnessing renewable energy sources and especially the need for harvesting solar energy sources through innovative yet cost-effective methods is increasing. Solar PV Modules manufacturers are constantly in pressure to innovate with their solutions and provide solar power systems that are durable and requires less maintenance. Adding the ‘happy’ part of the news, India is observed to become the cheapest producer of solar power. Recently, an analysis by IRENA (International Renewable Energy Agency) concludes that costs for setting up the solar PV plants in India have dropped by 80 percent between the years 2010 to 2018. This analysis confirms that India is holding its steer wisely and is greatly making renewable energy as the driver for energy decarbonisation and global energy transformation. This also shows the positive approach of solar technology manufacturers like monocrystalline solar module manufacturers towards the greenlit energy revolution. India’s solar story is maximizing the fall in renewable technology costs and is driving energy transformation to renewable sou rces for the country’s future energy needs. It is in 2010 itself that India has realized the need to shift to alternate sources of energy owing to which the government has taken consistent steps to ensure growth in the segment. Consequently, it allowed the solar industry in India to expand in a short span through economies of scale, leading India to be the cheapest producer of solar power. If we go with the stats, the total installed solar capacity in 2010 in India was 10 MW which increased to 6000 MW in 2016 – marking a growth of 600 times in just 6 years. The total installed solar capacity as of March 2019 stands at 30 GW which marks a 5 times growth in 3 years. Our current solar capacity has reached 30% of the 2022 target of attaining 100 GW capacity. Owing to the focused approach of government, innovative steps by solar developers, and positive response from the people, this has been possible. Solar power consumers are enjoying energy security as the shift to solar power let them lock the solar electricity cost for 25 years.
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