Article

India's solar power sector has undergone a remarkable transformation since the inception of the Solar Mission in 2010, when the country had a mere capacity of less than 0.2 GW. As of now, solar power capacity has surged beyond 100 GW, with costs plummeting from ?17 per unit to approximately ?2.50 per unit, making it significantly cheaper than electricity generated from new coal-based thermal plants.

At COP21 in Glasgow, Prime Minister Narendra Modi committed to achieving 500 GW of non-fossil fuel capacity by 2030, with solar energy being pivotal to this goal. The combination of solar power and battery energy storage systems (BESS) is now seen as a cost-effective solution to meet increasing electricity demands. Additionally, private investments are accelerating the development of hydro pump storage projects, further supporting this transition.

Despite current advances, India's per capita electricity consumption remains low at about 1,400 units annually, which must quadruple for the nation to progress towards developed status. The potential for solar power was originally estimated at 748 GW; however, a recent report by The Energy and Resources Institute (TERI) suggests this figure could be as high as 10,380 GW, based on revised assumptions about wasteland utilization.

Moreover, the government aims to expand nuclear power capacity to 100 GW by 2047, while exploring carbon capture and storage (CCUS) technologies to mitigate emissions from existing coal plants. The introduction of agri-solar initiatives also heralds a shift in energy production, allowing solar panels to be installed above agricultural fields, potentially increasing farmer incomes.

In conclusion, India possesses substantial solar potential, and with strategic investments and innovations, it is well-positioned to transition towards a carbon emission-free electricity system, aligning with its developmental aspirations.