Public Private Partnership in Solar Energy Development of India

In recent years, India has experienced a sharp increase in energy demand as a result of economic growth, increasing prosperity, rising per capita energy consumption and widening access to energy. The sole reliance on conventional sources of energy puts heavy burden on the limited financial resources and threat to global climate. India is a tropical country and most parts have 300-330 sunny days in a year, which is equivalent to over 5000 trillion kWh per year. This is more than India’s total energy consumption per year. The Government of India has launched Jawaharlal Nehru National Solar Mission (JNNSM) in 2009 with the objective of deploying 20,000 Megawatt (MW) (increased to 1,00,000 MW) of solar power by 2022. Public Private Partnership (PPP) provides an option that can boost the solar programme and achieve the targets set under the JNNSM. It can bring the technology, expertise, and capital needed to tap into the unrealized potential of solar energy. Many states have initiated solar projects to ensure energy security, mitigate climate change as well as local pollution, and job creation. The government is going to set up solar city, solar park and ultra mega solar projects through PPP that can help India as renewable energy superpower