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Emerging technology trends in solar energy sector

BusinessEmerging technology trends in solar energy sector

India is witnessing a significant transformation in the energy sector, with solar energy taking center stage. This shift is driven by technological advancements and a commitment to sustainable development. Here, we explore the emerging technology trends in India’s solar energy sector.

Floating Solar Plants

One of the most innovative trends is the development of floating solar plants. These installations are set up on water bodies, such as lakes and reservoirs, which helps conserve land and reduce water evaporation. India is leading the way with projects like the 600 MW floating solar plant in Madhya Pradesh, which is set to be one of the world’s largest. This technology is particularly beneficial for a country with limited land resources but abundant water bodies.

Solar-Wind Hybrid Projects

Combining solar and wind energy systems is another emerging trend. These hybrid projects leverage the strengths of both energy sources, ensuring a more reliable and efficient power supply. India’s first solar-wind hybrid project was commissioned in Anantapur, Andhra Pradesh, with a capacity of 160 MW. Such projects are expected to optimize the use of natural resources and reduce the overall cost of energy production.

Advanced Photovoltaic (PV) Technologies

The efficiency of solar panels is crucial for maximizing energy output. Advanced PV technologies, such as bifacial solar panels and PERC (Passivated Emitter and Rear Cell) technology, are becoming increasingly popular. Bifacial panels capture sunlight on both sides, increasing efficiency by up to 25%. PERC technology, on the other hand, enhances the absorption of sunlight, making panels more efficient and cost-effective. These technologies are set to play a significant role in India’s goal to reach 100 GW of solar capacity by 2022.

Solar Energy Storage Solutions

Energy storage is a key challenge for solar power, given its intermittent nature. The integration of advanced battery storage solutions is a game-changer. Lithium-ion batteries are currently the most common, but new technologies like solid-state batteries and flow batteries are emerging. These innovations promise longer life cycles and greater storage capacity. The Indian government is also investing in energy storage projects, with a notable example being the 10 MW solar storage project in Andaman and Nicobar Islands.

Blockchain for Solar Energy

Blockchain technology is being explored to enhance the transparency and efficiency of solar energy transactions. It can facilitate peer-to-peer energy trading, allowing individuals and businesses to buy and sell excess solar power directly. This decentralization can lead to a more resilient and efficient energy grid. Initiatives like the collaboration between Power Ledger and BSES Rajdhani Power Limited in Delhi are pioneering this approach in India.

Future Outlook

India’s solar energy sector is poised for rapid growth, driven by these emerging technologies. Floating solar plants, solar-wind hybrid projects, advanced PV technologies, innovative storage solutions, and blockchain applications are all contributing to a more sustainable and efficient energy future. As these technologies mature, India is well on its way to becoming a global leader in renewable energy.

Vipin Tiwari, Corporate Strategy Manager, AXITEC Energy India Pvt. Ltd, leading solar module manufacturer2.

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