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Status of Solar Power Adoption in India from an EPC’s Perspective

November 3, 2021

Solar power has emerged as one of the most promising solutions to the world’s energy problems, enabling countries to find the proper balance between energy security, economic progress, and environmental sustainability. Solar photovoltaic (PV) technology, which began as an experimental method of energy production by Bell Labs in 1954, is now poised to change the world’s energy dynamics.

Solar energy adoption is critical to a country’s economic development. Keeping this in mind, India has continued to improve its energy mix while minimizing carbon footprints as the globe advances toward sustainable growth. India’s solar power capacity has grown exponentially from a meager 10 MW solar energy generation capacity in 2010 to 30 GW in 2019 (Figure 1). This massive leap may essentially be due to lower prices and greater demand for solar installations, which favorable government regulations have aided.

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