Why Solar Energy?

Solar energy is the ultimate solution to the energy crisis. Vikram Solar is dedicated to utilize nature’s most abundant resource, providing highly efficient, reliable, and technologically equipped sustainable solar solutions across the globe.

What we can expect?

A recent study conducted by a leading solar energy research firm shows that the global solar power market is at an all time high. According to the report, the global solar market grew at a CAGR of 47.4 % from a mere 598 MW in 2003 to 2,826 MW in 2007. With this rise in demand, it is estimated that the solar power industry revenue may increase from $17.2 billion in 2007 to touch $ 39.5 billion in 2012

With this huge potential in the solar energy market, creating cost effective solar solutions and reaching out to millions worldwide is the best way to ensure a better future.

The Solar Advantage

In the near future, humanity has two major challenges in front – meeting the global energy need and finding the perfect solution to global warming. An investment in solar power sector is certainly the best possible alternative in this shifting time. With the global economic equation fast changing and put to it the booming world population, the demand for alternative source of energy and particularly “solar power” is on the rise. With supplies of fossil fuel diminishing daily, people are turning more and more towards solar power. The sun is the most vital source of energy and essential for a cleaner greener future. Solar power is the perfect solution in utilizing nature’s most abundant resource. By installing solar system, we help to reduce the quantity of greenhouse gases, thereby ensuring a better tomorrow for the future generation. Vikram Solar is proud to be a part of this solar revolution.

Key Drivers in the Solar Industry

• The Growing demand for electricity: According to International Energy Agency (IEA), the demand for electricity across the globe is expected to rise from 16.1 trillion kilowatt hours back in 2002 to reach as much as 31.7 trillion kilowatt hours by the year 2030. A further study by IEA reveals that more than 66% of the global electricity generated comes from fossil fuels like coal, natural gas and oil.
• Constraints on supply: This is yet another key driving factor behind the growing demand for solar power across the world. The price of electricity is on the rise, resulting in higher electricity costs for the consumers. This in turn puts immediate stress on development of alternative technologies for sustainable and reliable energy generation. The challenge is to overcome the constraints of supply to meet the energy requirements of the global populace.

Government Initiatives for Solar Power Generation

In many nations across hemispheres governments are trying to reduce their dependence on foreign sources of energy to meet their domestic need. This is primarily due to the political and economic instability in oil and gas producing regions. Solar power is a viable solution here. Besides solar power also help address environmental concerns associated with conventional methods of electricity production. Hence, governments across the globe are fast adopting and implementing wide variety of incentives for rapid development of solar power generation techniques. These surely spell good news for those dwelling in the solar industry.

Solar Energy Benefits

Solar power has a number of advantages over both conventional and other non-conventional forms of renewable energy.