Solar Energy vs. Other Renewable Sources: A Comparative Analysis in the Indian Context

In India, the quest towards the renewable has been on a high gear with the radiation of solar as well as other renewable sources of energy such as wind, biomass, and hydropower. Moving from these other renewable sources, this article compares and contrasts the growth, opportunities and threats of solar energy, while introducing some of the dominant solar EPC players.

Introduction                   

Renewable energy sector has grown tremendously both in the installed capacity and usage in India due to futuristic plans and encouraging policies. The utilization of renewable energy has seen a remarkable increase, especially in the utilization of solar energy power due to the prevailing technology, streamlined costs, and the Solar irradiation in the country. In addition to solar, wind, biomass, and hydropower have their places in energy supply system of India, they have their individual advantages and disadvantages.

Growth Comparison

Growth Comparison

India is one of the countries that have witnessed the fastest growth in the adoption of renewable energy, particularly from solar sources. Currently, the country has set achievable targets of having attained 175GW of IPP from renewable resources by the year 2022 with solar energy forming the bulk of the energy. On the other hand, wind energy has remained a dominant category of renewables in India from where the country has been getting sizeable amounts of electricity. Biomass and hydropower sustain high rates of energy production; however, they have challenges in expanding due to the availability of raw material and impacts on the environment.

Advantages of Solar Energy:

Solar energy offers several advantages that make it increasingly attractive:

Advantages of Solar Energy

Abundant Resource: India gets a considerable amount of sunlight throughout the year hence making it favorable for solar energy.

Scalability: Solar projects can range from residential level ROW installation to MW scale projects like solar parks.

Cost-Competitive: Thus, purchasing costs of solar PV panels have depreciated over the recent past, and the technology has improved in efficiency and cost-competitiveness as opposed to traditional energy sources.

Low Operational Costs: After constructing the systems, the operating cost and costs of maintenance costs are relatively low as compared to other forms of energy such as biomass or hydropower.

Challenges Faced by Solar Energy:       

Despite its rapid growth, solar energy in India faces several challenges:

Challenges Faced by Solar Energy

Intermittency: Solar power is also volatile because the energy source is sunlight which requires battery storage or connection to grid electricity.

Land Use: Utility-scale solar plants demand large sizes of space and this pose problems especially in the most populous areas.

Policy Uncertainty: Fluctuations in policies and regulations can influence the feasibility of the solar projects hence affecting the investors.

Role of Solar EPC Companies

Solar Energy EPC (Engineering, Procurement, and Construction) firms are key in promoting solar energy usage. These firms are engaged in the provision of design, installation and management of solar power systems in the various sectors for effective production and utilization of power. One of the leading companies in the solar EPC industry is GRE Renew Enertech Ltd which is situated in Ahmedabad, India and is famous for creating unique products with high quality.

Conclusion

Thus, it is possible to state that India has a rather diverse concept of using renewable resources, yet it is solar energy that can meet India’s needs and prospects for the further constantly developing. Solar power is also going to remain a central focus as technological progress goes on as well as policies are amended and improved.

Solar EPC companies such as GRE Renew Enertech Ltd are consistently leading the way for development and progress favouring solar energy projects and contributing to the achievement of the renewable energy targets in India. Using their knowledge and experience they help in the easy integration of solar energy in industries, businesses as well as households.

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