Power Industry Latest Trends that can Transform Solar Industry

FARIDABAD, India - Nov. 21, 2017 - PRLog -- To make a nation developed, a lot of new trends and technologies are taking hold nowadays. With the changing demands of consumers and new opportunities in renewable energy, the infrastructure is being modernized in order to seek new revenue streams.

The Indian government is trying its best to implement large-scale solar power products so as to be known as the world's leading solar producer. Read this article to know about the power industry latest trends that can transform the entire solar industry.

Here are some of the power industry latest trends that are capable enough to transform the solar industry:

The rise of Distributed Generation:

Distributed generation is aimed at bridging the gap between demand and supply by reducing on the carbon footprints, commercial and technical losses. It is a diverse trend that all of us might have been observing for last many years. It is the best technique for bringing electricity in villages and meeting any suppressed demand. Moreover, distributed generation can help you in overcoming gaps in distribution and transmission infrastructure and therefore, turns out to be the building block for smart city mission.

Making use of unproductive lands as a solar park:

In the states like Bihar, Assam, Bengal, and Odisha, there is a major scarcity of adequate land for generating solar energy in order to meet India's aim of land-based solar energy. Therefore, to handle these problems of obtaining land for making solar park projects successful, MNRE (Ministry of New and Renewable Energy) has come out with new guidelines that permit state government to make use of useless, non-agricultural, and unproductive land for the purpose of solar park projects. Doing so would definitely reduce the costs incurred in acquiring the private land for solar park projects.

Long-term energy partnership:

Investments and partnerships in the solar sector have always been at an all-time high recently. Even, the World Bank Group has also assured to offer 1 billion US dollars to Indian Government for fulfilling the needs of India's solar energy projects. The bank has also planned to work with some other financial institutions and multilateral development banks for shaping the future of solar energy development in India. An agreement has been signed between the Indian Government and the Government of United Kingdom to work in partnership in the fields of solar energy projects. The partnership with the Government of United Kingdom is expected to produce high impact research outputs and excellent quality as per the industrial relevance. With the rising share of renewable energy, the Indian government has planned to operate on a different power trading platform.

Policies and support by the Government:

The Ministry of New and Renewable Energy has decided to implement two national level programs, i.e. Off-Grid & Decentralized Solar Applications and Grid-Connected Rooftop & Small Solar Power Plants Program with the aim of promoting the installation of solar panels on the rooftop. Moreover, an agreement has been signed between the State Bank of India and the World Bank of Rs 4200 crore credit facility so as to finance GRPV (Grid Connected Rooftop Solar Photovoltaic) projects in India. The Government has planned to attain 175 gigawatts of renewable energy by the year 2022 and to achieve this target, the government is planning to prepare action plans on the basis of year-wise targets that would introduce solar rooftop panels and renewable energy technologies to every state.

Off-grid solar applications:

A solar off-grid energy policy has been adopted and implemented by the Indian Government for boosting and promoting the use of new and renewable energy. This policy is aimed at making Indian an eco-friendly nation by increasing the use of green energy that is capable enough to control the growing problem of waste disposal in India. In this policy, the Indian Government imposes on the more use of bio gas, bio fertilizer plants, and solar products in private and government offices, housing societies, villages, and other sectors. Installing solar rooftop panels of the reputed brands can turn out to be the best initiative to follow the policy imposed by the Indian Government.

All these power industry trends are really going to make this nation and this world a better place to live in. Every second person in India dreams of living in an eco-friendly environment. The Government is trying its best to introduce all these trends, but as a good citizen, it is also your responsibility to take an initiative and go green by installing the world-class and high-quality solar panels on your rooftop.

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