Global Solar Alliance can power through India’s green building sector

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The current state of solar power generation in India is still under the development stage, considering its low efficiency as only 20-25% of the sun’s rays that hit the solar panel are converted into electricity. Not only does this issue hinder the realization of energy generation on a large scale, but also, solar panels require high and constant maintenance.

Nevertheless, opportunities for solar power generation in India may emerge in the coming years due to the nature of the country – India’s tropical and sub-tropical climates throughout the year make it ideal for solar power generation. To meet the demand for unreliable and insufficient electricity supply in India, a solar power system may be the solution as it does not cause massive environmental and health damages.

A recently launched global initiative focusing on this sector may also help accelerate the development of energy generation and optimization through solar power.

In the beginning of December 2015, India’s Prime Minister Narendra Modi launched the Global Solar Alliance in COP21 Paris, France. He has committed to expand access of solar power to fight against climate change. “The world must turn to the sun to power our future,” Modi said.

Over 121 countries have made collaborative efforts to harness solar energy to generate electricity by coming together to install solar power plants. The Alliance also brings standardization to manufacturing processes and solar technologies.

Impact of the Global Solar Alliance for Green Buildings in India

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The Global Solar Alliance can foster technological development that will ensure a faster scale-up solar system in various economies, particularly promoting improvement in green building development technologies and is able to provide affordable access to renewable energies. Modi described the Global Solar Alliance as “the sunrise of new hope, not just for clean energy but for villages and homes still in darkness, for mornings and evenings filled with a clear view of the glory of the sun”.

Solar energy has moved from India’s niche market for providing power to remote places and to use cheap solar to connect citizens who are currently without access to the electricity grid in rural areas. This alliance could boost the solar market by accelerating the circulation of knowledge, facilitating green building technology transfer and securing investments in green building development. Such a partnership would aim to create common culture among people working in solar energy and other green building technologies.

Financing and an unstable law, however, remain key challenges in the solar energy market. Solar energy in India and in many other developing countries can only be expanded through new investments. Also, in the markets where green building regulations and laws tend to be less stable, investments can suffer from a perceived risk.

The Global Solar Alliance, therefore, could make India the first country with well-designed regulatory frameworks and policies which can reduce risk and attract investors. The International Agency for Solar Technologies and Applications share a collective ambition to undertake green building innovations and reduce the costs of financingthroughout India.

India has already set target of installing 175 GW of renewable energy by the year 2020 and the Indian government has also committed to providing USD 30 million over the next five years to building infrastructure, requiring every building in the cities to have a solar panel by 2030.

Now, this alliance will receive the full support from many countries and the initiative could accelerate the adoption of solar powered buildings in India and developing countries that could turn the sun into a power generated system. (AGB.com – VL)

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