A solar cell, sometimes called a photovoltaic cell, is a device that converts light energy into electrical energy. Solar panels generate free power from the sun by converting sunlight to electricity with no moving parts, zero emissions, and no maintenance. The solar panel, the first component of a electric solar power system, is a collection of individual silicon cells that generate electricity from sunlight.
Multiple solar panels can be wired in parallel to increase current capacity (more power) and wired in series to increase voltage for 24, 48, or even higher voltage systems.
India has a huge potential for solar power generation that can lead to a large-scale deployment of solar energy, if harnessed effectively. Indian Government is adopting constructive steps towards implementing large-scale solar power projects and is poised to position itself as one of the world’s major solar producer. Through various incentives schemes, the government is trying to create demand and boost investments in the sector.
India's power sector has a total installed capacity of approximately 1,46,753 Megawatt (MW) of which 54% is coal-based, 25% hydro, 8% is renewable’s and the balance is the gas and nuclear-based. Power shortages are estimated at about 11% of total energy and 15% of peak capacity requirements which is likely to increase in the coming years.
Around 293 global and domestic companies have committed to generate 266 GW of solar, wind, mini-hydel and biomass-based power in India over the next 5–10 years. The initiative would entail an investment of about US$ 310–350 billion. Thus, due to demand it is a good project for entrepreneurs to invest
Few Indian Major Players are as under
• Admire Energy Solutions Pvt. Ltd.
• Bharat Electronics Ltd.
• Bharat Heavy Electricals Ltd.
• Central Electronics Ltd.
• Clique Developments Ltd.
• Epic Energy Ltd.
• J S W Green Energy Ltd.
• Jaguar International Ltd.
• K S K Surya Photovoltaic Venture Ltd.
• Minda Nexgen Tech Ltd.