Page 30

Energética India | September / October 2015

MR. SAUGATA DATTA PRESIDENT-BUSINESS DEVELOPMENT, VIKRAM SOLAR PVT. LTD. Global Trends in Solar Energy and India’s role to play Mr. Saugata Datta analyses the trends experienced by global solar industry in 2014 and the kind of role India can play in growth of solar installations. The clean energy future isn’t just desirable – it’s essential! We are born in times when alternate energy, in a revolutionary way, will not be alternate anymore. Renewables, especiallywhen solar energy is finally becoming a globally significant source of power. The numbers are compelling. A record amount of solar power was supplied to the world’s grids in 2014, pushing total cumulative capacity to 100 times the level it was in 2000. After hitting about 178 GW of solar PV power capacity by the end of 2014 (just the beginning- only sufficient to supply 1% of global electricity demands), global solar PV capacity is expected to hit 200 GW shortly. In 2014, the market was dominated by highest ever investments in solar and wind. Renewable sources made up the majority of new power capacity in many countries- Europe, China and USA, while bringing electricity to new markets across the globe. Investment in solar jumped 29% to $149.6 billion, the second highest figure ever, and these expenditures added an unprecedented 46GW of solar PV.It’s hard to overstate how vast and remarkable this revolution is. Fuelling this year’s growth is the dramatic drop in costs of solar power generation. PV module prices are down 80% since 2009, the electricity produced by large-scale projects now costs less than half of what it SOLAR POWER 28 energética INDIA · SEP | OCT15


Energética India | September / October 2015
To see the actual publication please follow the link above