India recently acquired fifth position worldwide in the solar power placement surpassing Italy. Boosting its solar power by more than 11 times in just half a decade from 2.6 GW 2014 to 30 GW 2019, it has claimed to achieve the grid parity (using subsidies).
Grid Parity is attained when the cost of producing electricity from alternative sources of electricity like renewables is same as that of conventional sources like coal (thermal), large hydroelectric etc. In other words, generating electricity through renewables comes at a competitive rate to thermal power generation.
This may, in the long run, help consumers to opt for a diversified mix of energy options.
By the end of 2022, the country has aimed to realize at least 175 GW of installed renewable energy capacity, which will be further increased to 500 GW by 2050.
Similarly, the installed solar energy capacity has increased a…
Solar Energy and its fight for a different future on Earth: benefits v/s concerns
