Energy security is a critical challenge for India as it seeks to meet its growing energy demands while transitioning to a more sustainable future. Solar energy, with its vast potential and environmental benefits, is emerging as a key solution to these challenges. By harnessing the abundant sunlight across the country, solar power reduces dependency on fossil fuels, enhances energy security, and contributes to a diversified energy mix. In the end, this supports ambitious goals for India’s sustainable and inclusive development. Industry experts share their thoughts on this transformation, driving innovation and increasing production capacities.
Solar energy addresses India’s energy security challenges while promoting ecological sustainability. Chirag Nakrani, Founder and Managing Director- Rayzon Solar, shares, “We believe that solar energy plays a crucial role in addressing energy security challenges in India while fostering ecologically sustainable growth. By harnessing the abundant sunlight available across the country, solar energy reduces dependency on fossil fuels, which enhances energy security and stabilises the energy supply.” He further states that solar power is a clean, renewable resource that significantly lowers greenhouse gas emissions and mitigates environmental impact. Investing in solar infrastructure not only supports the goal of reducing carbon footprints in India but also drives sustainable development by creating jobs, boosting local economies, and advancing technological innovation in the renewable energy sector.
Denne historien er fra September 2024-utgaven av EPR Magazine (Electrical & Power Review).
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Denne historien er fra September 2024-utgaven av EPR Magazine (Electrical & Power Review).
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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BALANCING GROWTH, SECURITY, AND ENVIRONMENTAL RESPONSIBILITY FOR SUSTAINABLE ENERGY FUTURE
We will have to continue using a mix of coal and other fossil fuels alongside renewable/ green energy; there is no shortcut to this.
DEMAND LIFTING RE
The Indian solar sector is gearing up for expansion, with projections indicating a manufacturing capacity surge to over 100 gigawatts within the next six months.
Bioenergy and its potential to reduce carbon emissions
Bioenergy is a renewable energy source derived from organic materials biomass), including plants, agricultural residues, forestry by-products, and organic waste. It can be converted into energy through combustion, gasification, anaerobic digestion, and fermentation, serving multiple purposes such as heating, electricity generation, and transportation fuels. As the world seeks to transition from fossil fuels, bioenergy offers a consistent, sustainable energy source that complements intermittent renewables like solar and wind.
Managing energy transition risks
Energy transition is a strategic shift to low-carbon or renewable sources to address climate change and ensure long-term energy security, but it is also fraught with multiple challenges. The authors believe that using an Enterprise Risk Management ERM) framework can help develop comprehensive Strategies to address such challenges.
Technological innovations addressing renewable energy intermittency
Advanced energy storage and smart grids are crucial for stabilising intermittent renewable energy. In contrast, government policies that promote private investment and green energy access are key to reducing emissions in India’s power sector.
GLOBAL ENERGY LANDSCAPE IS EVOLVING TO ADAPT NON-CONVENTIONAL SOURCES
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Fast-growing energy demand spurs focus on renewable security
Advanced solid-state batteries can store more energy in a smaller space, making them ideal for grid applications where high capacity and durability are essential.
The future of sustainable fuels
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Exploring green hydrogen, nuclear alternatives critical for sustainable future
As of September 2024, India's installed capacity is 452 gigawatts, with 34.13 percent contributed by renewable energy sources.
Solar rooftop technology enhances rural energy security, reducing grid inefficiencies
Decentralised renewable energy systems, including solar rooftops, are significant job creators, particularly in rural areas. These systems have higher job creation potential compared to utility-scale solar projects.