How solar energy is an Infinite Resource?
Solar energy is infinite due to abundant sunlight, sustained by the sun’s longevity. It doesn’t deplete and has minimal environmental impact. Advancements in technology can make capturing solar energy more efficient. This renewable source is vital for a sustainable energy future.
Our ability to harness it
Our journey to capture the boundless power of the sun has led us to a remarkable innovation – the convex lens-based solar panel technology. These panels focus the sun’s radiant beams with precision, channeling its energy into a stream of photons and electrons generating electricity. As the sun graces the sky, these panels work tirelessly, converting sunlight into the lifeblood of our homes and industries.
By concentrating sunlight onto a smaller area of solar cells through convex lens, the intensity of the light is increased. Solar cells are more efficient when they receive higher-intensity sunlight because it generates a higher voltage and, therefore, more electrical power.
Solar Energy's Current Status
“Global renewable capacity additions are set to soar by 107 gigawatts (GW), the largest absolute increase ever, to more than 440 GW in 2023. Solar PV capacity, including both large utility-scale and small distributed systems, accounts for two-thirds of this year’s projected increase in global renewable capacity.
In response to higher electricity prices caused by the global energy crisis, policy makers in many countries, have actively sought alternatives to imported fossil fuels that can improve energy security.
This shifting focus created a favourable environment for solar PV, especially for residential and commercial systems that can be rapidly installed to meet growing demand for renewable energy.
These smaller distributed PV applications are on track to account for half of this year’s overall deployment of solar PV – larger than the total deployment of onshore wind over the same period.
Solar PV additions will continue to increase in 2024 while challenges remain for wind expansion. Declining module prices, greater uptake of distributed solar PV systems and a policy push for large-scale deployment are driving higher annual solar additions in all major markets – including China, the European Union, the United States and India.”
-Renewable Energy Market Update – June 2023, IEA
Solar energy
India's emergence as a solar energy player
India has emerged as a significant player in the field of solar energy in recent years. Several factors have contributed to India’s growing prominence in this sector:
01
India has set ambitious renewable energy targets, aiming to achieve 450 GW of renewable energy capacity by 2030.
02
India has witnessed a significant reduction in the cost of solar technology, making it more affordable and attractive for both investors
and consumers.
03
The Indian government has introduced various policies and incentives to encourage investment in renewable energy projects. These include subsidies, tax benefits, and incentives for solar manufacturing.
04
India’s initiatives like the International Solar Alliance (ISA) promotes solar energy cooperation.
05
India has developed large-scale solar parks, which provide the necessary infrastructure for solar power generation. The country has also launched mega solar projects, such as the Bhadla Solar Park(largest solar park in the world), among others.
06
Several Indian states have implemented their own solar energy policies and projects, contributing to the overall growth of solar power capacity
07
India has attracted significant domestic and foreign investments in the renewable energy sector. Multinational companies and investors have shown interest in India’s solar energy market.
08
The growth of the solar industry in India has created employment opportunities, especially in manufacturing, installation, and maintenance of solar panels and infrastructure.
Particulars |
Light Energy Solar Panels |
---|---|
Capacity of Power Plant |
1 MW |
Panel Size |
4 ft x 2.5 ft = 10 Sq. feet |
No. of Panels Required |
55 |
Land Required |
≈ 3000 Sq. ft. |
Power Generation per day per MW |
5500 Units per day |
Capacity Utilization Factor (CUF) |
50 % |