India is determined to become the world leader in solar power over the next few years. Considering the landmass of a huge size and an average of 310 Sunny days a year, India theoretically provides 6 trillion kilowatt-hours of clean and renewable solar power. This is enough to electrify the nation dozens of times over. There are still a few cities and villages yet to be covered with renewable energy asset management, but at this rate, they will be covered too.
India is a land of 1.3B people, so we can understand the wide reach of households. A recent study has shown that among those households, many, along the lines of poverty and inequality and lack of adequate electricity infrastructure don’t have access to the renewable energy asset management. As a result, institutional customers such as schools, colleges, farms, hospitals, etc are forced to invest in expensive power sources. The marginal cost of electricity is sharply dropping as the renewable energy boom accelerates and the country will produce the cheapest electricity from renewable energy sources in the next few years.
Just 10 years ago in India, renewable energy asset management was the most expensive option for an infrastructure to have a new energy development. Since then Solar, has cheapened at a rapid pace, to be particular, dropped by 90 percent. While installing a solar energy system for business use may require an up-front investment, the system will pay for itself quickly and give a good return on investment, no matter the size of the business. Let’s look at the best reasons to invest in the solar energy:
- Lower energy costs
- Low-maintenance, long-lasting and reliable
- Green, sustainable energy
- Reduce gas emissions and carbon footprint
This, in short, benefits our future.
To worry about humanity’s long-term future, it’s natural. If the world ran out of energy, society would collapse overnight. It is definitely a scary thought, but it’s not probably going to happen. Renewable energy asset management, particularly solar, are growing each and every day. As long as the sun is shining, and it will for the next few billion more years, we will have solar energy. All we have to do is capture the Sun’s energy to live efficiently, without harming nature and never run out of energy.
Each form of energy has pros and cons. For example, nuclear energy produces clean power but has proven to be unstable and even dangerous. Solar energy, on the other hand, has many advantages compared to its alternative. Here are a few advantages that really has an upper hand in the renewable energy space:
- Solar Energy is infinite.
As mentioned above, the sun will shine always, at least for a few billion more years and we will have solar energy in our hands. Thinking about the energy we get from the Sun? The amount of solar energy hitting the Earth at any time is massive, the sun hits Earth with almost 500 joules of power every hour, which is more energy than the entire world uses in a year.
- Solar Energy is safe and easy to use.
To get a gem we go through a lot of obstacles to finally reach our destination. Similarly to get nuclear energy, we had a risk of it causing a meltdown, coal requires dangerous working conditions. Solar energy, however, requires no endangering things. It has remarkable renewable energy asset management.
- Uses less water
Water is one of our most precious natural resources and we run the risk of running out of fresh water in the future, because traditional electricity production uses thousands of litres of water each year. The operation of solar photovoltaic cells doesn’t require water at all to generate electricity. Solar reduces the strain on this precious resource.
Solar is not only getting cheaper, but also securing the future of the next generation.