Irrespective of the costs, the budget boost to solar production linked incentive scheme will strengthen the energy security. Discuss (200 Words)
Refer - Business Line
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· The Budget has once again underscored the Centre’s determination to promote solar power to curb carbon emissions and promote energy security.
· It has received proposals to set up a whopping 58 GW of module capacity (about four times prevailing levels), for which the initial sum of Rs4,500 crore was insufficient.
· Clearly, module capacity needs to be ramped up to meet decadal goals. India has targeted an installation of 280 GW of solar capacity by 2029-30, up from the existing level of 49.35 GW, whereas it has “limited operational annual capacities” of around 2.5 GW for solar PV cells and 9-10 GW of solar modules.
· To create another 230 GW of capacity over eight years would amount to an annual addition (or an integrated capacity to make modules from scratch from polysilicon to wafers to final assembly) of nearly 30 GW.
· The Centre’s push to solar must be complemented by a similar impetus to green hydrogen and frontier areas such as non-lithium based batteries, where no country holds an advantage as yet.
· China remains the leader in solar, but India’s chance lies in the evolution of a world order that seeks to develop alternative supply chains in crucial areas.
KAUSHIK SRINIVASH R 3 years
Kindly review...
IAS Parliament 3 years
Good attempt. Keep Writing.
