Blog
The latest updates from Vikram Solar
Blog
The latest updates from Vikram Solar
19th
Aug
Budget 2019 Guidelines Growth But More Support Needed for Progress
Taking a pragmatic approach, Finance Minister Nirmala Sitharaman brought forward her first budget announcement, highlighting the Government’s approach to lead India’s economy to a $5 trillion target. The primary focus of the budget was to boost infrastructure and foreign investment at a time when the economy is showing signs of slowdown. It is important for …
9th
Aug
Rural Electrification in India Needs Solar Adoption Not Kerosene Subsidies
India aggressively moving towards solarisation has indeed opened up the opportunity for energy reliance and power for all. Government support and encourage takes credit for such rapid developments within the country that promises to initiate socio-economic growth. However, since more than 60% of the country’s population reside in the rural areas, the only way to …
1st
Aug
Rooftop Solar Energy Scenario in India and Why It Needs More Support
The recent initiatives, policy reforms, and growing investment towards promising sectors like Green energy testify the country’s intent. However, the recent budget for 2019 has failed to provide required support to Rooftop solar power sector, which has the potential to reach electricity to the furthest corners of India and make Power for All a reality. …
17th
Jul
The Future Looks Brighter as Sustainable Energy Increases Share in Global Energy Capacity
Acceptance towards Renewable energy worldwide has created an upheaval in the existing energy industry, giving sustainable energy sector more and more market share every year. Last year global Renewable energy growth was phenomenal, which showcased 171 GW of new capacity addition. Although, last year’s capacity addition was only 7.9% higher than 2017, consistent growth has …
28th
Jun
How Failure in Meeting RPO Targets Has Become a Hurdle for Solar Growth
In recent years, India has shown an unprecedented growth trajectory adding huge solar power capacities year-over-year. This growth rate has enabled India to become the third largest solar market in the world, overtaking Japan. However, what disappoints me is that growth in solar system installations has not increased solar energy adoption into electricity grids as …
14th
Jun
Solar Power Project Auctions Continue to Plummet in Q1 2019: Drastic Changes Needed
Indian Solar power industry has shown incredible growth, showing an inspiring trajectory of growing capacities from 5 GW in 2015 to 10 GW in 2016 to ~30 GW growth in 2019. Although there is growth, we should remember that India still has to install more than 20 GW of solar energy capacity each year for …
30th
May
Reasons Behind Failure of SECI’s Manufacturing Linked Solar Tenders
The Solar Energy Corporation of India Ltd (SECI) has taken multiple initiatives to support and uphold Indian solar power industry and its priorities. However, its recent actions, mainly the 10 GW capacity solar project tender that came with a mandate to set up a 5 GW of manufacturing facility to win the privilege of bidding …
24th
May
CPSU Scheme and Its Impact on Domestic Solar Firms
The existing 1,000 megawatts (MW) central public sector undertaking (CPSU) scheme under the National Solar Mission (NSM) has recently been extended by The Cabinet Committee on Economic Affairs (CCEA), raising the total approved capacity under the scheme 12 GW. Additionally, we need to highlight that CCEA’s INR 8,580 crore approval for viability gap funding to …
16th
May
Why States in India should Follow Karnataka to Facilitate Renewable energy Revolution
With India consistently taking charge in building a sustainable energy infrastructure, it is clear that the future of the country is bright. However, to assess scale of growth and predict the success of countrywide green energy adoption, we need to identify progress rate state wise. States like- Telangana, Rajasthan, Andhra Pradesh, Tamil Nadu, and Gujarat …
6th
May
Pssst: Cheat Sheet for Career Growth
What you wish someone had told you before you started your first job! By Ms. Neha Agrawal, Head of Corporate Strategy and Support Services Picking your career is one of the most important decisions of your life. And, your actions at the very beginning of your career determine your growth and success in the …
