India's energy demand is increasing rapidly due to urbanization, industrialization, and population growth. Traditional fossil fuel sources are unsustainable in the long run. Investing in solar power plants can offer several advantages. Here are some:
2. Why Solar Energy in India?
India's energy demand is increasing rapidly due to
urbanization, industrialization, and population growth.
Traditional fossil fuel sources are unsustainable in the
long run. Geographically positioned to receive ample
sunlight throughout the year. Solar energy potential is
among the highest in the world.
3. India's Solar Growth
India has been experiencing significant growth in its solar
energy sector. The country's solar growth has been driven
by a combination of factors, including government policies,
decreasing solar technology costs, environmental concerns,
and the need to address energy security challenges. Solar
energy was indeed becoming a key player in India's energy
mix. India has made significant strides in increasing its solar
capacity and integrating solar power into its overall energy
generation.
4. Investment Advantages
Investing in solar power plants can offer several advantages,
both from a financial and environmental perspective. Here are
some:
● Stable and Predictable Returns: Solar power plants
provide a consistent and predictable source of
electricity generation, as they rely on sunlight, which is a
renewable resource.
● Long Lifespan: Solar panels typically have a lifespan of
25 years or more. This long lifespan contributes to the
long-term financial viability of solar investments.
5. ● Environmental Benefits: Investing in solar power
contributes to environmental sustainability by reducing
greenhouse gas emissions and dependence on fossil
fuels.
● Energy independence: "Energy independence" typically
refers to producing enough energy domestically to meet
its own energy needs without relying heavily on imports.
When it comes to solar energy, achieving energy
independence often involves harnessing the power of
the sun to generate electricity and other forms of
energy.
6. Investment Opportunities
As the world transitions towards cleaner and more sustainable
energy sources, solar energy has emerged as a prominent
investment opportunity. One of the known and best investing
platforms of Actis India is “Athena” which focuses on the growth
of sustainable and renewable energy in India. With creating
socio-econoimc Athena conducts business responsibly and
sustainably by enhancing the quality asset to drive better results.
They strive to improve environmental performance through
implementing best practices. They have set up 4 solar power
plants across India locations like Madhya Pradesh & Andhra
Pradesh with an installed capacity of more than 550MWp.