"India needs at least USD 125 billion to fund the 175 GW target"
Manoj Gupta, Vice President-Solar Business, Fortum India opines most of the financing received for the renewable energy development comes from the domestic banks. However, with the current level of fund generation, it is difficult to sustain solar energy goals.
"We are targeting consumers who are willing to experiment"
It was in 2000 that Havells India acquired switchgear maker, Standard for Rs 1.2 billion. In the last few years, it has been repositioned as a value-for-money brand, targeted at first-time home buyers
"Make in India is yet to become a reality"
Confusion regarding GST rate on solar and safeguard duty on SEZ-based manufacturing units are not allowing the domestic manufacturing industry to grow, feels Ivan Saha, BU Head- Solar Manufacturing and CTO, Vikram Solar.
Solar: Is It Shining
10 MW in 2010 to 21 GW of installed grid-connected solar capacity in 2018 shows the testament of the Government of India's success in supporting renewable energy, especially solar, in India.
Grid-Connected Solar Capacity, Government Of India, Renewable Energy, International Solar Alliance, GST, Vikram Solar, ROI, GBI, Viability Gap Funding, Su-Kam Power Systems, IREDA
"Solar and wind will provide larger opportunities in the RE space"
For Uday Bhende, Managing Director, Kirloskar Solar Technologies, it remains to be seen as to what impact the imposition of safeguard duty would have on the manufacturing sector supporting solar energy.
Solar Technologies, RE Sector, EPC, PPA, GST, PVT, O&M, KSTPL, Hydropower, USA, UK
India's Storage Opportunity
A recent study has claimed that India would overtake China by a wide margin to become the world's leader in renewable energy by 2050.
Transformation, Tata Power Delhi Distribution, Delhi National Capital Region, Praveer Sinha, Siemens, AES, BNEF, Shantanu Jaiswal, IESA, Dr Rahul Walawalkar
Claims Manish Kumar, NITI Aayog, Rocky Mountain Institute, Maruti Suzuki, Dheeraj Chawla, Delta Electronics India
India poised to become a leading hub of energy technologies
Even as Eastman Auto & Power is promoting its tubular gel battery as a homemade cost-effective solution for the AGM VRLA and Li-ion batteries, Saurabh Srivastava, President, Marketing and Product Strategy predicts that the new policies and ongoing investments could turn the country into a leading global energy technology hub.
Solar sector bottlenecks may hamper job growth
In India, the solar industry has created 416,000 jobs in 2015 and 1,017,800 jobs are expected to be created by 2022. New projects, more investment, policies like Surya Mitra Skill Development and encouragement from the government will create more job opportunities.
Solar Industry, Surya Mitra Skill Development, Vikram Solar, Rajendra Parakh, Pre-Construction, SEZ, GST, R&D Development, NIL, MNRE, DTA, Rooftop Solar Electricity, Government Of India