Solar Energy Business Plan In India

The indian government had an initial target of 20 gw capacity for 2022 which was achieved four years ahead of schedule.

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. 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. The world is shifting towards renewable energy sources and solar is one of the biggest sources of renewable energy.

Solar energy business profitability is like at the top position at present and this will stay there in future also. Steps to start a solar energy business in india. Fossil fuels are at its end stage and these fuels creating environmental problems like global. The country s solar installed capacity was 35 122 mw as of 30 june 2020.

People above has already answered the theoretical part so i would like to give a practical answer to this question. 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. India has the lowest capital cost per mw globally of installing solar power plants. This can cover twenty million square meters of area for collecting solar energy.

I plan to start a solar energy business because i firmly believe this business has huge potential in the years to come. Solar power in india is a fast developing industry. Find here 5 most profitable and trending solar energy business ideas for your ready reference. 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.

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. However i am confused about investment cost and how to go about. Please let me know something about my decision.

Sunlight is an important source of renewable energy. Most of the new entrepreneurs may not know the procedure for starting a solar energy business in india. So we are here to let you know the steps to start solar energy business in india. 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.