Construction Week Online
Renewable energy or solar energy is no longer a choice for increasing power generation capacity. It has become imperative to integrate a highly technological infrastructure to generate solar power and meet high energy demands. Being one of the most affordable producers of solar energy, the country drives the growth of the energy sector. The continuous drop in renewable energy cost makes the country realize the benefit of affordability in installing solar power systems than running coal-fired plants. The costs for setting up PV projects in India have significantly dropped by 80 percent between 2010 and 2019, according to an analysis report shared by IRENA in 2019.
Solar power systems significantly contribute to environmental sustainability. The other sources of energy production such as coal, oil and natural gas contribute to one-third of global greenhouse gas emissions. According to the estimates, around 85 percent of thermal energy production in the country is still coal-based which is the biggest cause of immense water and air pollution. As per the IEA analysis, the steps taken to ensure energy efficiency improvements in India cut 15 percent of additional energy demand, oil and gas imports, and air pollution and 300 million tonnes of CO2 emissions between 2000 and 2018.
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