By Himanshu B Patel, Fonder & CEO, Triton Solar
Global challenge of urban-rural divide has made several developing countries struggle at various levels. Since this challenge has reinforced by unequal distribution of resources and amenities. As an important resource energy and particularly electricity as an amenity is one of the major priorities among such resources.
In this context, the biggest question ahead of policy makers, experts and industry leaders is to come up with robust a cost effective solution for energy generation which, can enlighten the rural as well as urban households.
Solar systems have been considered as a strong alternative as a solution for generating electricity. The Solar energy generation has extremely great relevance for the conditions of Indian rural areas. The basic electricity needs of rural areas are no different from urban ones, and there is a willingness to pay for reliable supply of electricity. The rural areas struggle with infrastructure issuesespecially in regards to the power or electricity generation, since these areas have to have a self-sustainable option for power generation.
But the million dollar question is about ensuring solar energy as a redundant and cheap option for the rural population?
The answer lies in nanotechnology. According to a recent research study from the IEC (International Electrotechnical Commission) and the Fraunhofer Institute for Systems and Innovation Research ISI, has found that nanotechnology will bring significant benefits to the energy sector. Especially to energy storage and solar energy. The study showcased that nanotechnology can improve the efficiency of the solar panel, at the same time it significantly reduce the manufacturing costs. These two capabilities bring an overall economic benefit to the entire solar industry. Battery storage capacity could be extended, solar cells could be produced cheaper, and the lifetime of solar cells or batteries for electric cars could be increased. All thanks to a continual development of nanotechnology.
At Triton Solar we are highly committed towards bringing something really valuable for the Indian market. Something valuable which can bring down the cost factor at the end user level as well as something which can deliver great results by producing better quality of light. Since India is extremely close to our heart, we decided to enter into the Indian solar industry by setting up our manufacturing facility in Madhya Pradesh and deliver the best to the nation.
Within the last year, Prime Minister NarendraModi’s strong emphasis and commitment on the development of renewable power and energy sector, solar energy has reached to the center stage of policy making. As an industry professional, I feel excited to know such level of interest from country’s top leadership.
The government has come up with a number of solutions to boost the solar power. This is expected to receive a fresh pour of investments from private players.We have noticed that the state governments like Madhya Pradesh have been very proactive and supportive towards investments in the area of solar energy.
By the way, India was the first country in the world to set up Ministry of Non Conventional Energy Sources (MNES) in 1980. Today India’s cumulative grid tied renewable energy capacity (excluding large Hydro) has reached around 31692 MW.India’s National Solar Mission was launched in January, 2010. With the target of deploying 20,000 MW of grid connected solar power by 2022, the mission was getting discussed as an over ambitious project. Now, as realistic expectation or assumption. We can say this with confidence, that this target will be over achieved. Solar power is going to be viable energy source in coming years for rural as well as urban households.
As a breakup of power generation, the thermal generation in the country account for 69 % of total generating capacity followed by 15.75 % in hydro generation. The share of non renewable energy sources is around 12.2 %. However, only less than 10 % of renewable energy comes from solar energy. So far India, has commissioned over 2500 MW of solar power generation, which is dominated by Gujarat and Rajasthan having commissioned about 1,000 MW and 800 MW respectively.
So, the market statics indicate that we could have huge potential and opportunity. As an organization, we are committed towards India and we will be taking a great part in this upcoming success story.