Solar Energy Industry Trends in India 2020

As the world strives to strike the right balance between energy security, economic development and environment sustainability, solar energy has emerged as one of the most viable sources of renewable energy to tackle this problem. What started as an experimental form of energy production by Bell Labs in 1954, solar PV technology today is all set to transform the world’s energy dynamics. What’s in Store For Solar Energy Trends in India 2020? The solar energy sector has been a focal point of huge investments in the form of R&D and innovation, not only aimed towards higher power generation and efficiency,…

Progressive Policy of Renewable Energy

Renewables have witnessed an unprecedented adoption over the past decade and have consistently achieved all expectations, with new targets being set every year with many countries committing to adopt clean energy and welcoming their energy transitions. The main driver behind this success is the willingness of the Federal Government, big financial institutions and corporates. With effective and aggressive policies for adoption and implementation of policies, precise planning and ambitious targets, the journey has remained successful so far. However, to abide by the commitment given in the Paris Agreement, a lot of work is still to be done and continuous development…

Exploring Renewable Energy Manufacturing In India

Renewable energy is energy derived from natural sources or renewable resources that are naturally replenished such as sunlight, wind, rain, tides, waves, and geothermal heat. Considering the depletion of fossil fuels and the carbon emissions released, renewable energy is gaining momentum and will be the future of the energy industry. This green revolution will definitely reduce the carbon footprint considerably and create a greener and sustainable planet for us as well as the generations to come. The Government of India has been encouraging its MAKE IN INDIA campaign from the time the Modi Government took over. Of late, it has…

Covid 19: India’s Opportunity to Emerge as the Nerve Centre of Global Supply Chain

Post-COVID Paradigm Shifts Never before has mankind experienced disruptions as unprecedented as it is facing under the disparaging cloud of COVID-19 pandemic which has enveloped the entire world. While major shifts are taking place individually at the micro level, there is an underlying uncertainty and threat surrounding the world economy at the macro level, which brings back memories of The Great Depression and the 2008 Financial Crisis. China being the epicentre of the pandemic has led to a deadlock situation as the country has been the central hub in global supply chains, especially in major industries such as pharmaceutical, automobile,…

Decarbonizing India’s energy sector

Rise in global energy demand and the impact this has on global economics and the environment continues to be an important topic of discussion across various world forums. While carbon emissions have significantly risen globally over the last 20 years, currently, India is the third-largest emitter of carbon emissions after China and the US and is projected to overtake the US by 2030 at its current pace. Need for decarbonization As per International Energy Agency (IEA) database, CO2 emissions in India had increased by 132% compared to a global average of 40% between 2000 and 2015. The emissions intensity of…

Land Acquisition Continues to be a Stumbling Block for the Growth of Solar Industry in India

solar land acquisition

Land is a critical element for infrastructure growth. Be it roads, railways, airports, mining, power, telecom or industrial projects – each require large tracts of land for their establishment and operations. In several developing economies around the world, acquiring this critical component for infrastructure has always been a major challenge. And India, is no different. This challenge can partly be attributed to the agrarian nature of the Indian economy. Loss of livelihoods, amount of compensation offered during the acquisition process and socio-cultural conventions of land ownership create serious hurdles in land acquisition across India, resulting in slow infrastructure development and…

Viability of solar powered vehicles

Over the last few years, governments around the world have given unprecedented focus and emphasis on usage of renewable sources of energy. Solar energy has emerged as a viable source of energy which not only has the potential for substituting conventional sources of energy but also providing energy security for future industrial expansions. In the same light, the face of the automotive industry is being re-shaped by concerns over environmental implications, oil supplies, international policy and fuel costs. This has given rise to a variety of hybrid technologies, including solar cars. Solar cars are electric cars that use solar energy….

Water Conservation – Imperative for India and the world

Water is one of the most essential natural resources for life on Earth. About 97% of the earth is surrounded by water with only 3% of this being fresh water, which can be used for consumption, agriculture and other usages. Water scarcity situation occurs when high rate of aggregate demand from all water-using sectors exceeds available supply, under the prevailing infrastructural conditions. From Cape Town to sub-Saharan Africa to Asia’s teeming megacities, there’s a global water crisis affecting millions of people. Water scarcity affects every continent and was listed in 2019 by the World Economic Forum as one of the…

PV module waste management – The next big challenge for the solar sector

Solar Photovoltaic (PV) technology has emerged as one of the most promising technologies for improving energy security and mitigating climate change. This market is growing rapidly world-over, and further exponential expansion is expected in the coming years. In addition to its positive impacts on energy security and climate change, PV technology is also among the most favoured renewable energy technologies, particularly when evaluated from a life-cycle viewpoint. In India as well, solar power capacity has grown from a mere 2,300 MW in 2013 to over 27,000 MW in 2018 at a CAGR of 64%, making India one of the top…

A Peek Into The Indian Economy: Q1 2019

The democratic verdict was pronounced by the people of India in May 2019, empowering the BJP to continue leading the reins of the country. The prime minister, humbly accepted a second term in office and took on an ambitious and herculean task of building, a $5 Trillion economy for the citizens by 2025. Though the GDP growth decelerated to a 5 year low, at approx. 6% in the first quarter of FY20, the ambitious goal has received the admiration and support of several industrialists. However, a quick look at economic indicators suggest that, industrial production has been struggling for over…