Solar Plant Farming in India: A Lucrative and Sustainable Opportunity
Solar plant farming, also referred to as solar energy farming or solar agriculture, has become a rapidly expanding industry in India. This innovative approach involves installing solar panels or arrays on agricultural land to harness solar energy. It offers a dual benefit: generating clean, renewable energy while simultaneously reducing carbon emissions. As global efforts intensify to combat climate change and decrease reliance on fossil fuels, solar plant farming has emerged as a promising and sustainable venture.
Market Scope for Solar Farming
The market for solar farming has experienced significant growth in recent years. In 2022, the global solar farm market size was estimated at 79 billion USD, with projections suggesting a potential increase to around 268 billion USD by 2030. This growth is especially notable in developing countries, where there is a rising demand for electricity from renewable sources. In India, the government's strong push for renewable energy has created a fertile environment for the solar farming industry's expansion.