Our 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.
Continue reading Investing To Make Cities Smarter, Is Investment for a Secure Future
India has made a quantum leap reaching approximately 9 GW in 2016 from a meagre 10 MW in 2010. Government departments and private players working in unison has helped in scaling such an achievement. However, intense competition has led to tariff wars, resulting in very low tariff rates. This trend dates back to December 2011 when a foreign company bid Rs. 7.49 for projects under NSM. 6 years later we are standing at Rs. 3.64 bid for 750 MW (250 MWx3) solar project in Rewa, Madhya Pradesh. Although, low solar energy tariff firms up the hope of reaching countrywide solar grid parity with conventional energy, bidders are finding it tough to get funding. Banks and private lenders are inching away from financing solar projects in India due to lower tariffs, seeing it as a cost risk. To explain the situation in a single sentence, we can say that low tariff rates in the solar industry are introducing high cost financing issues to the developers and industry players.
Continue reading Financing and Auction of Solar Projects in India: A Reality Check
The primary idea powering the Indian solar vision was energy sustainability and initiating internal industrial growth to control the nation’s own solar future. Approaching investors, drafting policies, and getting multi-billion-dollar financial aid to install solar panels in the country are obviously increasing the energy generation rate, which stands today at 8.06 GW. But, it doesn’t actually build industrial infrastructure required to claim a portion of global solar market or to provide sustainability.
Continue reading Anti-Dumping Policy Essential To Boost Domestic Manufacturing