PRICE RISE OF CHINESE MODULES: FOREIGN DEPENDENCY IS ABOUT TO MAKE INDIAN SOLAR DREAM COSTLIER

solarIndia has shown a remarkable performance in the growth of the solar sector and has received global acclamation in the same. Be it setting up of the International Solar Alliance with France or playing a pivotal role during the negotiations at COP 21 at Paris, the Indian government is leading the global fight against climate change. India had taken a very calculated decision to increase the share of renewable energy in its electricity mix. Under the National Action Plan for Climate Change, a target of 20 GW of solar installations was announced in the year 2010 which was later revamped to 100 GW of solar and 75GW of other renewable energy sources by the year 2022. From less than 10 MW by the FY 2010, the country has seen an impressive growth to achieve a cumulative growth of 10 GW by the FY 2017.

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Sense of Protection: A Necessity for Protecting Consumers and Raising Demand in Indian Solar Sector

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India’s involvement in renewable energy revolution has brought the country huge applaud in the global podium. The country has practically ignored the short comings of limited industrial infrastructure and surprisingly closing in to become the third largest solar market in the world (derailing Japan). India growing from 5 GW of solar capacity in 2015 to 12 GW in 2017 is a leap that only handful of developed countries have shown in solar sector. Indian rooftop solar is also gearing up to take lead in the global industry showing incredible growth from 72 MW per year to 227 per year. It is important to mention that Indian rooftop solar capacity has crossed 1 GW milestone, indicating near about 113 per cent growth in 2016 over 2015.

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Solar Can Run On Collaboration Not Competition

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The rising tide of growth that Indian solar sector resembles has promised to shift the weight of poverty, unemployment and social-cultural asymmetrical growth from India’s shoulder, willing an energy rich future into reality. Quite decisively, Indian Government has devised plans for leveraging this opportunity.

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India’s rise to 3rd Largest Solar Market in 2017: What it entails for the Exchequer?

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Considering the fact that India is one of three countries that mutually contribute to more than 70 per cent of the global CO2 emissions, the step towards green energy transition was an imperative, and decisive action indeed. Besides saving the climate, India stands to save enormously from fossil fuel expenditure with the success of green energy revolution. By championing solar, India not just initiated an industrial reform, but positioned itself in the global energy market, standing to generate profit as the world phases out fossil fuel.

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Investing To Make Cities Smarter, Is Investment for a Secure Future

 

blog pic 1Our cities are the physical embodiment of the largest and definitely, the most complex social engineering feat we have ever accomplished, symbolizing our social, political, economic, and cultural growth. From the very beginning, cities have been the centre of development, welcoming change, offering opportunities, and spreading (social, economic, political, and now technological) growth throughout the world. With this continued technological growth, the idea of smart cities came to life, adding transparency and perfection to the image we now have for our future cities. Acceleration of innovation in technology has promised the enhanced quality of life through IT interconnectivity, personal and social development.

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