Rising Solar Demand Fuels Local Manufacturing and Small Industry Growth

Union Minister Pralhad Joshi stated that the rising need for solar panels and related technology is driving local manufacturing, leading to economic growth in small industries. The Minister, speaking at the third edition of the High-level Conference on New Technologies for Clean Energy Transition in the national capital, stated that advancements in technology are greatly improving the effectiveness of solar panels.

"This conference has brought together policymakers, experts, industry leaders, and leaders, highlighting our global awareness. Our goal is to drive real-world change and make significant progress towards achieving the climate targets through collaboration, innovation and knowledge sharing," he said.

He stressed storage technologies stating them as "very critical". "Innovations in battery storage allow the excess energy generated to be stored fully used to fully used during the cloud detail or at night."

Prashant Kumar, who is the Secretary of the Ministry of New and Renewable Energy, emphasized that solar energy is becoming more and more cost-effective for the power industry.
 
"Traditional silicon-based photovoltaic panels have been a backbone of solar power for decades. However, recent innovations like the perovskite solar cells are changing the game," said the Secretary.