TOPIC 'Solar Energy' on Aug 31, 2009 (CEST)
State Level Efforts to Drive Indian Solar Energy Market
State level initiatives are expected to speed up the development of solar energy market in India, pushing the country as a leading solar energy player, says RNCOS.
According to our new research report titled "Indian Solar Energy Market Outlook 2012", Indian solar industry is expected to see robust growth in coming years on the back of various efforts by the state governments and rising concern for climate change.
As per our research report, many states in the country are working on various solar energy projects. Recently, Gujarat government has approved 34 solar power projects at an investment of around US$ 2.4 Billion over the next few years to become the No. 1 Indian state for this clean energy. These projects are estimated to generate 716 MW of electricity, which is equivalent to around 3% of state’s electricity demand. This will save 875,000 Tonnes of coal on an annual basis, cutting down 1.25 Million Tonnes of carbon dioxide emission. The Tamil Nadu government has also asked the central government for assistance in setting up a 100 MW solar thermal plant. These state level initiatives will definitely make India a leading solar energy player in coming years.
Further, as per the report, many developed countries are expected to impose trade-related penalties on developing countries like India and China who have failed to meet the international environmental standards. To maintain these standards, government of India has set an ambitious long term target of 200 GW of solar power by 2040, for which government is planning to allocate US$ 20 Billion.
"Indian Solar Energy Market Outlook 2012" provides an in-depth analysis of present and future prospects of solar power industry in India. It gives detailed information about the energy scenario (particularly renewable energy) The report covers various segments of the solar photovoltaic and thermal power to facilitate clients in evaluating the opportunities for their success in India’s solar energy market.
The research also features forecast for vital segments of the industry, including forecast for Indian solar market, various energy indicators, solar street lighting system, solar home lighting system, solar lantern, solar photovoltaic pumps, solar water heating system, and solar cookers.
Jason Grace
on behalf of the
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