Solar Energy Business Plan In India

Sunlight is an important source of renewable energy.

Solar energy business plan in india.

Starting a solar business is one of the biggest business opportunities nowadays. India has the lowest capital cost per mw globally of installing solar power plants. Fossil fuels are at its end stage and these fuels creating environmental problems like global. I plan to start a solar energy business because i firmly believe this business has huge potential in the years to come.

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. 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. People above has already answered the theoretical part so i would like to give a practical answer to this question.

Solar energy business profitability is like at the top position at present and this will stay there in future also. Solar power is the conversion of energy from sunlight into electricity either directly using photovoltaics pv or indirectly using concentrated solar power. The indian government had an initial target of 20 gw capacity for 2022 which was achieved four years ahead of schedule. So we are here to let you know the steps to start solar energy business in india.

In india the main government aid or initiative was taken in the field of solar energy production and business is the jawaharlal nehru national solar mission jnnsm which aims at producing 20 thousands megawatt of solar energy by the end of 2022. The world is suffering from the energy crisis and the existing source of energy is too expensive. 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. Please let me know something about my decision.

The country s solar installed capacity was 35 122 mw as of 30 june 2020. Do you know that according to the recent reports india is the 3rd biggest solar market in the world after china and the us. Background clean energy is the need of today 39 s world. Solar power in india is a fast developing industry.

In 2015 the target was raised to 100 gw of solar capacity. If you are planning to venture into the solar energy business this is the right time to do it. Find here 5 most profitable and trending solar energy business ideas for your ready reference. However i am confused about investment cost and how to go about.