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India's Solar Energy Surpasses Wind Energy

Release date:2021-03-07 Source:Raytech Pageviews:-

As of today, the cost of solar energy projects has decreased by over 80% comparing to what it was ten years ago. This trend makes solar more cost-effective comparing to wind energy and other energy sources. Raytech double glass solar module is one of the most reliable product to help our clients maximize the performance and benefits of their solar projects.

India Ministry of Renewable Energy says solar generation system, including ground mounted and roof mounted, reached 38.8GW in January, while wind power is 38.7GW.

The report predicts that with the government's key policies to provide growth impetus, solar installations will continue to maintain its leading position. It estimates that between 2021 and 2030, solar photovoltaic power generation will further grow to 107GW, while wind power may reach 64GW.

Cost plays a key role in the priority of solar over wind. The report said the average cost of electricity (LCOE) for solar energy fell 85%, while that for wind energy fell 65%.

In 2021, Raytech will continue to focus on global solar market to provide high-quality solar panels and 24/7 service to our clients, so to make contributions to the Carbon Neutralization Target of China. Raytech Double-glass modules come with 12-year product warranty and 30-year performance warranty, 2 years and 5 years longer than industry's standard warranty respectively.

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