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“In the last decade, Solar Energy in India has come a long way from a few MW installations to a GW scale. Latest trends in the Indian solar sector are moving towards manufacturing high efficiency Solar PV modules using Mono PERC cells with efficiencies as high as 21 to 23%. This improves the module efficiencies to 18 to 19% from the present 16 to 17%.
The Indian government had announced Solar Policy to generate 100GW of Solar power by the year 2022, out of which 40GW is to come from Rooftop Solar. Though groundmounted systems have contributed significantly over 35GW till now, rooftop solar is yet to pick up pace and reach the GW scale. Reasons for the slower growth in rooftop solar can be attributed to rooftop space being wasted by conventional solar installations on residential and commercial rooftops. To fill this gap, innovative products have come up in the market which do not waste rooftop space and instead create more space for the residents with a leak proof solar roof.
With solar energy being available only during the day without a stable supply of energy, latest innovations are looking to bridge this issue. Technologies are evolving to store solar energy on a MW scale in Lithium Ion Battery banks, and innovations are centred around stabilizing the electric grid, supplying the stored power during peak demand from 7pm to 11pm. Going forward, India will be looking at Solar Micro grids with a battery banking facility so that clean electricity is available for use, especially in remote areas of the country that have a dearth of electricity.”
In 2019, solar power is in a constant state of innovation. In the past year alone, there have been milestones in solar efficiency, solar energy storage, solar design tech etc. Indian Solar industry is drastically changing. Most welcoming of them is the latest strive to move from the lowest to quality.
In a tropical country like India, Solar energy is available in abundance. Hence, it is in the goodwill of all of us that we strive to efficiently utilize this precious natural resource. I believe that Make in India campaign will trigger investments for indigenous solar manufacturing plants & thus contribute to the development of products that are more suitable for the country’s conditions and at a reasonable price.
Latest technological breakthroughs in photovoltaic cell technologies are more than overwhelming as they were almost untouched for more than a decade. New-generation Photovoltaic module technologies will offer increased performance and unit-cost reductions. It is expected that 41% of global module manufacturing capacity will be MONOPERC production this year. This year will also be the first where we will see substantial installations of bifacial modules. Solar inverters become more intelligent than ever before and this allows expanding the application of solar in to vast different areas.
Solar mounting solutions has gained such importance over the years that anchoring of modules are much discussed as there were many catastrophic events lately due to the poor design or products used in this sector. Nowadays you can find many companies offering highly designed mounting solutions for various solar applications.
Solar Business is changing as the ROI has become interesting over the years and has overtaken many traditional business models. One of the reasons for this achievement is the international technological boost along with more indigenous manufacturing facilities under the make in India campaign.
The Indian solar energy sector has been growing rapidly in the past few years, primarily due to Government’s intervention. Indian Government is adopting productive steps towards implementing large-scale solar power projects and is determined to position itself as one of the world’s leading solar producers. Through various initiatives such as incentive schemes, tax exemptions and subsidies, the government is trying to create demand and boost investments in the sector. The Government’s focus on achieving ‘Power for all’ has fast-tracked capacity addition in the country.
Solar power systems are currently available in various forms such as off-grid solar power system, grid intertied solar power system with battery backup, and grid intertied solar power system without battery backup. According to their requirements, consumers can easily choose from these varieties and install the system in their houses or office buildings. On a geographical front, Telangana represents the leading market for solar power inverters, followed by Tamil Nadu, Rajasthan, Andhra Pradesh, Gujarat and Karnataka.
According to a new study, the market for Solar Hybrid Inverter is witnessing a noticeable surge across the world. The research report, titled “Global Solar Hybrid Inverter Market 2019 Industry Research Report,” explores the past and current appearance of this market in a bid to earn a clear insight into its future potentials.
It also takes the driving forces, challenges, prominent trends, opportunities, and various other factors that influence the growth of this market in consideration to discover the market’s scope in the years to come.
SOFARSOLAR is currently focused on increasing its core technology R & D investment in Grid connected inverters, Energy storage inverters and it’s charging pile. With this in mind, they aim to improve the competitive advantages of their core product range and provide further valuable service to their customer base.