Solar Energy
Citing the ‘Surya upanishad' during his address on Solar Power, Modi said that everything was
born from Sun, Sun is the only source of energy and solar energy can take care of everyone.
"In India, it has been mentioned in the ancient text, in the Surya Upanishad, that everything
is created from the Sun, the source of all energy is the Sun and it is the energy from the
Sun that nurtures all.
Our honorable Prime Minister Mr.Narendra Modi asserted that India has become one of the
biggest countries to generate electricity from solar energy. He said, solar energy is
changing the lives of the poor and middle class of the country.
Mr Modi said, the whole world is looking at solar energy as the future, solar energy has
shown that people can be paid for producing electricity instead of paying for using
electricity. He expressed confidence that the day is not far when the construction of Surya
grams in India will become a big mass movement.
Why Choose Solar for Your Business
The Indian subcontinent has immense solar energy potential, with parts of it receiving
as much as 4 - 7 kWh per sq. meter per day. Solar power comes across as an option to
bridge the ever-increasing gap between the demand and supply of energy, since the
dependency on finite fossil fuel needs to be brought down.
Further the usage of fossil fuel poses a significant threat to the environment and if
not checked will severely affect the climate.
To address these issues, the Prime Minister of India released the National Action Plan
for Climate Change (NAPCC) in 2008 under which is the prestigious Jawaharlal Nehru
National Solar Mission (JNNSM) which aimed at setting up 22 GW of solar power by 2020 in
a phased manner.
To further support the mission, states like Gujarat, Rajasthan, Karnataka, Tamil Nadu,
and Andhra Pradesh came out with their individual state policies to fulfill their
RPOs/SPOs promoting large-scale deployment of solar power plants.
Simultaneously Central Electricity Regulatory Commission (CERC) introduced Renewable
Energy Certificates (REC) mechanism for Solar Energy, which allowed obligated entities
to meet its obligation by purchasing the RECs.
India has come a long way since 2008 and aims to shift a significant part of its energy
requirement to renewable sources.
While technological advancement in the solar space is reducing the cost of generation,
the government is taking significant strides in improving the transmission
infrastructure and providing incentives like waiver of Electricity Duty, Wheeling and
Transmission charges, Cross Subsidy Charges etc. to attract interest.
Accelerated Depreciation ( AD ) benefit under Income Tax Act being the most important
of them, has managed to draw a lot of investors to develop green power where Developers
can claim up to 80% Depreciation on their solar power investments in the first year.
Overall, a cleaner environment is the need of the hour and India with Solar
photovoltaic technology with the ease of set up and hassle-free operations is fast
covering grounds to take us closer to the ambitious target set under the JNNSM.
