Clean and efficient solar energy is the future for India, according to Prime Minister Narendra Modi.
It is also likely to lead to a massive boost in the country’s clean energy industry.
As part of his campaign for the 2020 elections, Modi has announced the launch of the Bharat Sun, an initiative to help farmers by making solar power more affordable.
According to the government, the project aims to cut India’s carbon emissions by 10 per cent by 2030, a task which includes providing clean and energy efficient homes to farmers.
Clean-tech companies are now eyeing India.
They are also trying to gain access to the market.
According to the latest data from the Ministry of Corporate Affairs, India’s renewable energy sector accounted for 15 per cent of the countrys electricity supply in the fiscal year ending March 2020.
These are promising times for the Indian clean energy sector, especially in the context of a new administration.
In addition to this, solar power is also a prime target for companies like Tata Power, which has already invested $30 million in solar projects in India.
It has plans to set up a $100 million plant in India’s western plains to produce solar energy.