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India is focusing on solar energy to reduce the impact of climate change. Indian Prime Minister hlaunched a global solar alliance with 121 countries, and created what is being called the billionaire's fund, with corporate heads like Jack Ma, Mukesh Ambani, Bill Gates, Mark Zuckerberg and Ratan Tata pledging to finance green technology innovations.
There are more than 25 solar parks have been signed and price of per unit of solar energy is lower or almost equal to coal. This is just the beginning, but to assume that it will be same forever is premature.
India upped the 2022 target of the National Solar Mission from an installed capacity of 20GW to 100GW. At the Paris climate summit last week, India pledged to produce 40% of its energy from non-fossil sources by 2030, and 175GW by 2022.
India's energy bill is high, dependent as it is on imported coal, oil and gas Over 300 million people still have no access to electricity and sustainable economic growth will need alternative sources of clean energy.
The cost of photovoltaic panels has fallen drastically -the chief reason for solar power to become cheaper than it was five years ago.
Hinderances- Analysis
By: Parveen bansal ProfileResourcesReport error
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