Solar energy is the primary source for all forms of energy on earth. The shear abundance of this energy source is the predominant reason for large scale deployment of Solar Photovoltaic and Solar Thermal technologies across the globe.
The drastic fall in the prices of PV modules in the global market has driven the Capital cost of Solar PV significantly down. Besides this, better efficiency of the latest PV modules coupled with huge R&D in the material sciences industry has resulted in surge of Solar PV projects worldwide. Unlike other RE technologies, Solar energy is a flexible energy technology which can be deployed as a distributed generation system thereby replacing demand at the point of generation resulting in elimination of Transmission and Distribution (T&D) losses and also the associated costs involved in building the T&D infrastructure.