LADAKH IS GOING TO BE THE WORLD’S LARGEST SOLAR POWER PLANT CENTRE BY 2023!
Published Date | 2019 January 16
The world's largest single-location solar photo-voltaic plant in Ladakh is expected to promulgate the Solar Power Plant & Equipment market in India.India: Ladakh the world's largest single-location solar photo-voltaic plant. Power minister RK Singh said Ladakh has potential of hosting 25,000 MW of solar power projects. Around 200km to the south in Kargil, another mega project will join forces to light up the plains, keep glaciers cool by saving 12,750 tonne of carbon emission a year, remove dependence on diesel gensets and create livelihood for the local population. SECI (Solar Energy Corporation of India) is promoting the projects in J&K on a scale matching the grandeur of their locations - 5,000 MW (megawatt) for the Ladakh unit and 2,500 MW for Kargil - to be completed by 2023 at an estimated investment of Rs 45,000 crore. The Ladakh project will be located at Hanle-Khaldo in Nyoma, a strategically important area 254km from Leh. The Kargil project will be built at Suru in Zanskar, 254km from the district HQ. Power from the Ladakh project will flow to Kaithal in Haryana, for which a900-km line will be laid mostly along Leh-Manali road. The Kargil project will hook up with the grid at New Wanpoh near Srinagar. The projects are expected to spur development in the remote border regions and empower the local population through skilling for jobs such as cleaning of solar panels and maintenance of transformers etc. According to BlueWeave Consulting, power is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, and agricultural and domestic waste. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. The growth of the solar energy market is driven by increase in environmental pollution and provision of government incentives & tax rebates to install solar panels. In addition, decrease in water footprint associated with solar energy systems has fueled demand in power generation sectors. The demand for solar cells has gained major traction owing to surge in rooftop installations, followed by increase in applications in the architectural sector. Furthermore, the demand for parabolic troughs and solar power towers in electricity generation is expected to boost the demand for concentrated solar power systems. According to BlueWeave consulting’s upcoming report, Titled-“ India Solar Energy Market by Technology (Photovoltaic Cells and Concentrated Solar Power Systems), Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others), Generation (First, Second, and Third), and Application (Agriculture & Horticulture, Architecture, Transportation, and Others),By Region (North, West, East & South); Size and Forecast, 2014-2025,” the India solar energy market is estimated to have high growth over a forecasted period due to rising focus of the government towards sustainable energy generation, availability of abundant sunshine throughout the year makes the country an ideal location for solar power generation. Rapid population growth and increasing urbanization and industrialization is driving demand for energy, traditionally met by coal and crude oil. According to BlueWeave consulting’s 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 witness robust growth over a forecasted 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.