Developing countries often lack sources of affordable and reliable electricity. This is mostly due to weak infrastructure, geographical challenges, lack of technical expertise, and limited financial sources to build a robust electricity base. For such countries, solar energy could come as a huge boon. We at VEMC are one of the leading solar panel consultant and installers in the country, and in this blog, we see how solar energy can become a game-changer in the developing world.
Benefits of solar power for developing countries
- Decentralised source of power: Developing countries often struggle to establish conventional electricity networks in their vast interiors. Solar energy on the other hand provides decentralised supply which brings communities in such parts on the grid, significantly improving their living standards.
- Reduces reliance on fossils: Many developing countries, owing to their lack of electricity infrastructure, depend on fossils such as coal and petroleum for their energy. This is not just expensive or exhausting but also damages the environment. Solar energy can significantly reduce their reliance on such sources of energy, benefiting communities, towns, and whole countries at large.
- Employment generation: Solar energy once established grows into a multi-pronged industry. It has the potential to create jobs in various parts of the solar value chain such as manufacturing, installation, operation, and maintenance. This can help create employment and boost the economies of developing countries.
- Low-cost energy source: Developing countries are often cash-strapped which puts their energy security at risk. Over the years, the cost of solar energy has declined appreciably and solar has emerged as a cost-effective source of energy especially in tropical countries which get abundant sunlight. This can reduce the burden on end-users, communities, and businesses, while also helping preserve the financial resources and precious foreign exchange for governments.
- Technology advancement: Solar energy offers an unprecedented opportunity for developing countries to advance to the next tier of technological advancement in terms of energy production. This is extremely critical with rising pressure on conventional sources of energy and their overall rising prices.
- Sustainability: Conventional energy sources are often quite damaging to the environment. These do not just include coal-based thermal electricity but also hydro-power plants which are seemingly clean but come at humongous environmental and human costs across the developing world. Solar energy on the other hand is one of the most preferred sources of energy in terms of sustainability.
- Buffering energy shocks: Conventional sources of energy are often prone to disruptions due to shortages of fossil fuels like coal, or natural calamities. Solar energy can act as a great cushion to prevent blackouts during such emergencies and keep at least the critical parts of the economy running.
Solar energy quite clearly is a godsend for the developing world! For more on how it can change the energy scenario for your business, get in touch with our experts at 022 43436655 or email us at marketing@vemc.co.in. We at VEMC are one of the top solar panel consultants and installers based in Mumbai.