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Option 3 : Solar
India aspires to become the world's leading economic power, relying on energy to meet its infrastructure, basic requirements, human skill development, job creation, and manufacturing capabilities.
- Energy security is described as the continuous supply of energy sources at a reasonable cost.
- The Industrial Revolution taught us how to use sunlight as a source of energy.
- India has a tremendous amount of solar energy potential.
- India's land area receives about 5,000 trillion kWh of energy each year, with most sections receiving 4-7 kWh per sq. m every day.
- By 2022, India wants to achieve to have 175 GW of renewable energy, with 100 GW coming from solar energy, 10 GW from biopower, 60 GW from wind power, and 5 GW from small hydropower projects.
- According to recent predictions, the solar potential will exceed 750 GW and wind potential will exceed 410 GW by 2047.
Therefore, Solar energy sources are considered most secure for India.
- To meet the government's lofty targets of generating 175 GW of renewable energy by 2022 which contribute 330,000 additional jobs and livelihood possibilities are required.
- India's economic fortunes are inextricably linked to the volatile international price of oil.
- India's viable hydro potential is estimated to be at 84,000 MW (1,48,700 MW installed capacity).
- In the fiscal year 2018–19, wind power accounted for about 10% of India's total installed power generation capacity, generating 62.03 TWh, or nearly 4% of total electricity generation.
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