India: Gujarat has released its land policy for renewable energy projects, which seeks to set up wind parks and wind-solar hybrid parks in the state, similar to solar parks. The new policy is a welcome development for wind developers who want to set up their projects in Gujarat. Land had lately been a bone of contention between them and the Gujarat government, with the latter reluctant to lease land for wind projects auctioned by central agencies like the Solar Corporation of India (SECI), while providing such land for similar projects sanctioned by the state agency, Gujarat Urja Vikas Nigam Ltd (GUVNL). Many developers, who had won SECI projects and intended to set them up in Gujarat. A total area which can accommodate 30,000 MW of renewable energy will be sanctioned for these parks, with each park large enough to install a minimum of 1,000 MW. (Of the 30,000 MW, 10,000 MW will be set aside for projects initiated by state PSUs.)
According to Rishi Mallarh, analyst at BlueWeave Consulting, Solar Energy is an ideal long-term source of clean energy that can be used as a viable alternative to currently prevalent nonrenewable sources such as coal, gas, and oil. India renewable energy sector is the fourth most attractive renewable energy market in the world. The growth of the renewable energy market is driven by an increase in environmental pollution and provision of government incentives & tax rebates to install solar panels. In addition, the decrease in water footprint associated with solar energy systems has fueled demand in power generation sectors. Electricity demand in India has increased rapidly and is expected to rise further in the years to come and clean energy from the wind and sun solar panels reduce the amount of electricity generating from fossil fuel. The demand for solar cells has gained major traction owing to a surge in rooftop installations, followed by an increase in applications in the architectural sector. The technological innovations, advancement coupled with growing awareness of energy security and self-sufficiency along with favorable government legislation is expected to fuel solar and wind power market growth over the forecast period.
According to BlueWeave Consulting upcoming report, Titled- “Wind Energy Market Size By Axis (Horizontal Axis, Vertical Axis), By Connectivity (On-Grid, Off-Grid), By Installation (Onshore, Offshore, Others), By Application (Utility, Industrial, Commercial, Residential), By Capacity (<30 kW, 30 kW < 500 kW, 500 kW < 2 MW, ≥2 MW), by Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa); Size and Forecast, 2014-2025”– The global energy market has been experiencing a tremendous change with shifting trends toward the adoption of green energy. The wind energy market, currently one of the most trending business verticals. Growing demand for renewable energy coupled with rising awareness towards environmental conservation will stimulate the global market size. The global wind power market is driven by national governments push to improve energy security, and in particular, to reduce coal consumption due to growing concerns about climate change and air pollution.
According to the upcoming report by BlueWeave Consulting on “India Solar Photovoltaic (PV) Market By Type (Utility Scale, Rooftop), By Technology (Fixed Tilt, Single-axis Tracker), By Region (North, West, East & South); Size and Forecast, 2014-2025” The Indian solar photovoltaic market has seen tremendous growth over the projected period. Various subsidies and incentives provided by the government have created a good amount of awareness and agreeableness among the end users for adopting solar power as an alternative source of energy over conventional sources. With increasing focus of the government on the development of the renewable energy sector, technical improvements, solar power cost, and the price will drive the solar photovoltaic market in India.
According to BlueWeave Consulting upcoming report, Titled- “India Solar Power Equipment Market, By Equipment (Solar Panels, Mounting, Racking, & Tracking System, Storage System, and Others) and By Application (Residential, Nonresidential, and Utility), By Region (North, West, East & South); Size and Forecast, 2014-2025,” The India solar equipment market witnessed robust growth over a forecast period due to technology advancements and improvements in manufacturing processes. However, rising government investments in the sector, increasing technological advancements and growing environmental concerns are expected to boost solar equipment market over the forecasted years.