Solar Energy Business Plan In India

Solar power is the conversion of energy from sunlight into electricity either directly using photovoltaics pv or indirectly using concentrated solar power.

Solar energy business plan in india. The world is suffering from the energy crisis and the existing source of energy is too expensive. Find here 5 most profitable and trending solar energy business ideas for your ready reference. Starting a solar business is one of the biggest business opportunities nowadays. In 2015 the target was raised to 100 gw of solar capacity.

The country s solar installed capacity was 35 122 mw as of 30 june 2020. The world is shifting towards renewable energy sources and solar is one of the biggest sources of renewable energy. This can cover twenty million square meters of area for collecting solar energy. Sunlight is an important source of renewable energy.

Do you know that according to the recent reports india is the 3rd biggest solar market in the world after china and the us. Please let me know something about my decision. Solar energy business profitability is like at the top position at present and this will stay there in future also. Background clean energy is the need of today 39 s world.

Solar power in india is a fast developing industry. Steps to start a solar energy business in india. However i am confused about investment cost and how to go about. People above has already answered the theoretical part so i would like to give a practical answer to this question.

India has the lowest capital cost per mw globally of installing solar power plants. The ofently asked a question how to start solar business in india in every investor s mind india has a count among 10 countries in the world to utilize solar power with full enthusiasm. The indian government had an initial target of 20 gw capacity for 2022 which was achieved four years ahead of schedule. Fossil fuels are at its end stage and these fuels creating environmental problems like global.

So we are here to let you know the steps to start solar energy business in india. I plan to start a solar energy business because i firmly believe this business has huge potential in the years to come. I am trying my luck into this business since last 5 6 months and if one asks me how to get in my answer would be if you are star. The reason is the country has been making fastest strides towards alternative sources of energy like wind and solar and has set up an aggressive renewable energy installation target of 175 gw till 2022.