As we step into 2023, several trends are shaping the landscape of the Indian solar industry, emphasizing sustainability, innovation, and increased adoption.
Rapid Capacity Expansion: One of the most no table trends in the Indian solar PV sector in 2023 is the rapid expansion of solar capacity. With the government's ambitious target of achieving 175 GW of renewable energy capacity by 2022, there is a heightened focus on scaling up solar installations across the country. Developers and investors are actively participating in the solar revolution, contributing to the growth of both utilityscale and distributed solar projects.
Technological Advancements: In 2023, technological advancements are playing a crucial role in enhancing the efficiency and affordability of solar PV systems. Innovations in solar panel designs, energy storage solutions, and smart grid technologies are making solar power more accessible and reliable.
This story is from the January 14, 2024 edition of The Business Guardian.
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This story is from the January 14, 2024 edition of The Business Guardian.
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