Is India Ready to Be a Solar Power Leader?

By RUPA SUBRAMANYA for ForeignPolicy.com:  Is India ripe for a renewable energy revolution? Foreign investors certainly seem to think so, and renewables have been a signature issue for Prime Minister Narendra Modi. But if revolution is indeed underway, it isn’t a spontaneous one. And taxpayer money — not just from India — is fueling the surge.

New Delhi’s renewable energy aspirations recently received a major boost when Japan’s SoftBank announced a joint venture with Indian conglomerate Bharti Enterprises and Taiwan’s Foxconn Technology Group to create a new, Japanese-owned company that will bid on power contracts in India’s growing solar sector. Renewable energy, including solar, is a priority for Modi and has been since before he became the country’s leader last year. “The time has arrived for a saffron revolution, and the color of energy is saffron,” he saidon the campaign trail in 2014, attempting to symbolically link the sacred color of Hindus and his Bharatiya Janata Party with his energy dream. This joint venture is the first major announcement by a foreign investor that could help make that dream a reality.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

sonnenBatterie eco

sonnenBatterie eco

Sonnen's mission is to provide clean and affordable energy for all. As the first mainstream grid tied residential energy storage company in the world and with 24,000 sonnenBatterie systems installed worldwide, sonnen is a proven global leader in intelligent energy management solutions. The all-in-one sonnenBatterie smart energy storage solution easily integrates with new and existing solar installations to help homes manage their energy throughout the day-saving money, providing backup power, and maximizing the effective use of solar power day and night. Sonnen has won several awards for its energy innovations, including the 2017 Zayed Future Energy Prize, MIT's Technology Review's 50 Smartest Companies in 2016, Global Cleantech 100 for 2015-2017, Greentech Media's 2016 Grid Edge Award for Innovation, and Cleantech's 2015 Company of the Year Award in both Israel and Europe.