Solar Power Surge: Boosting Local Manufacturing and Global Climate Goals

The growing demand for solar technology is energizing local manufacturing and small industries, as highlighted by Union Minister Pralhad Joshi. New advancements are being made, particularly in solar panel efficiency and battery storage. Both international collaborations and national commitments aim to drive global solar energy initiatives forward.

Union Minister for New and Renewable Energy, Pralhad Joshi, has underscored the surge in demand for solar panels, which is invigorating local manufacturing and spurring economic growth within small industries. Speaking at the third High-level Conference on New Technologies for Clean Energy Transition in the national capital, Joshi emphasized that cutting-edge technologies are markedly improving solar panel efficiency.

The conference united policymakers, experts, and industry leaders, showcasing a collective global awareness. Joshi envisaged tangible change through collaboration and innovation to meet climate goals. He stressed the pivotal importance of storage technologies, highlighting innovations in battery storage that allow surplus energy to be utilized during less sunny periods.

Ministry of New and Renewable Energy Secretary, Prashant Kumar, pointed to solar energy's growing viability as a low-cost power option. He noted that traditional silicon-based panels have been crucial but emerging technologies like perovskite solar cells are revolutionizing the sector. Furthermore, the International Solar Alliance has elected India and France as its President and Co-President, aiming to amplify solar energy adoption.

The ISA aims to scale solar energy use and cut generation costs through innovative technological solutions. India's ambitious rooftop solar initiative, PM Surya Ghar: Muft Bijli Yojana, was unveiled with a significant investment target, aiming to power a million homes. As global dependence on fossil fuels persists, renewable sources like solar energy are pivotal in mitigating climate change, echoing India's commitments made at COP26, such as achieving 500 GW of non-fossil electricity capacity and cutting emissions significantly by 2030.

(With inputs from agencies.)