solar power

The latest updates from Vikram Solar

solar power

The latest updates from Vikram Solar

19th

Nov

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 …

6th

Nov

Focus On Innovation and Quality Always Goes a Long Way

India has clearly shown intent towards adopting solar energy to bring electricity to its furthest corners. The country has taken inspiring initiatives, shouldering reformations, facilitating industrial growth, and bringing investment to support the mission to utilize sustainable energy. Also, solar power has come a long way since 1977 when solar panels were priced at $77 …

27th

Aug

Supporting Manufacturing- Should Be Priority Area for New Government

Existing Government has understood the importance of building manufacturing scale and has left a clear mark by fostering socio-economic revolution through policy reformations and improving inner mechanisms. Initiatives like Make in India, GST, drafting National Policy on Electronics, increasing export incentives, launching phased manufacturing programme (PMP), Modified Special Incentive Package Scheme, and planning a new …

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. …

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 …

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 …

29th

Apr

Sunny Side Up- India has All the Opportunities for Green Energy Shift

The year 2019 has started with huge opportunities for solar in India, highlighting 10 GW to 15 GW new capacity additions in the renewable energy sector giving solar majority in this contribution by the end of 2019. Expected growth in utility-scale solar and Indian Government’s recent decision to focus on rooftop solar development will also …

20th

Apr

Utilizing Solar Energy for Medical Sector: Lessons India Needs to Follow

For obvious reasons the healthcare industry worldwide requires an uninterrupted supply of electricity. Although, globally we have made great strides in harnessing and utilizing energy, still more than 1 billion people (worldwide) are currently living without electricity. And interruptions in energy supply in developing countries, have created an enormous challenge for the health care industry. …

12nd

Apr

What Second Phase of Rooftop Solar Power Program Holds and Sector Scenario

Recently, President of India launched 2nd phase of grid-connected rooftop solar energy photovoltaic (PV) program, which is a promising news indeed. According to the plan, 38 GW of rooftop solar power capacity will be targeted for installation. Government has also announced support to provide ₹118.14 billion financial assistance to promote this initiative, which will surely …

4th

Apr

Climate Change and Solar Industry Relation and Revelations

In the last 130 years, fossil fuel extraction and consumption has led to increase of global temperature. Daily CO2 emission levels stand at 406.47 ppm (parts per million globally) and with population increasing (7.7 bn in 2019), pollution: which is causing climate change will surely show much severe results in the near future. Research shows …

29th

Mar

Collaboration of Nations: The Only Way to Combat Climate Change

Our fossil fuel generation and consumption have led to critically damaging the climate. Although, the world is turning towards green energy generation, in comparison to the damage, the restoring process is quite slow. And, we are not considering completely phasing out fossil fuel. Currently, the target we have in front of us is to limit …

18th

Mar

Spain Government Suspending Solar Power Tax Should Be an Example for India

Government of Spain has announced plans to suspend sun tax to reduce electricity bills, which stand as the highest in Europe and continues to rise. Increasing electricity expenses in the country has reportedly led to harming business competitiveness as well as shrinking consumer’s capacity to purchase power. The removal of Sun tax, which stood at …

11st

Mar

Predictions for Indian solar sector in 2019

2018 has been a trying year for solar power in India, with policy change in China, tender cancellations and tax/duties being levied upon the domestic solar panels manufacturing sector. Calculation shows that nearly 35 GW of solar energy projects were tendered between Jan-September 2018 in India, upon which only 13 GW of projects were auctioned …

21st

Feb

Delhi’s new Virtual Net Metering policy: A Guideline for Rooftop Solar India should Adopt Nationally

The Delhi Electricity Regulatory Commission (DERC) introduced revisions on their Solar Policy 2016, adding group net-metering and a virtual net-metering framework. Understanding the importance of rooftop solar energy growth for the country, this policy is expected to encourage people to opt for commercial, industrial and residential solar rooftop solutions, even without having a suitable roof …

7th

Feb

How did Indian Solar Sector fared in Year 2018: A Review

India became the 2nd largest solar power market in the world in terms of deployment after overtaking United States in the first half of 2018. In 2018 China added more than 24 GW of solar energy capacity while India added approximately 7 GW. However, this should not define Indian solar sector’s performance within 2018 as, …

22nd

Jan

Rising Oil Price Should Re-Focus India on Solar Energy Growth

India has made exceptional and inspiring strides towards renewable energy growth, focusing on solar Power. However, the country is still one of the largest (3rd) oil consumers in the world, consuming 4.69/million barrels per day, having a 4.8% share of the world’s total oil consumption. It is expected that China and India will account for …

14th

Jan

Meeting India’s Energy Demand through Domestic Manufacturing

International Energy Agency has highlighted in their recent report that India’s primary energy demand will double by 2040, surpassing countries like China in energy demand growth. Although this growth will be around half that of China’s energy generation today, it is certainly considerable. Current energy demand in India is ~172 GW, and although India’s total …

8th

Jan

A Decline in Solar Growth: Root Cause Analysis

Although India currently has ~24 GW of installed grid-connected solar power capacity, the country needs to install near about 18 GW of solar energy capacity for the next 4 years to reach the set 100 GW target. In such a scenario, slowing down solar panels installations should be considered as a threat to the solar …

4th

Jan

CERC Providing GST Relief: A Great Move but More Efforts Needed For Solar Growth

Central Electricity Regulatory Commission’s (CERC) recent order to allow reimbursement of additional GST under “Change in Law” for two project developers due to introduction of GST law, can be considered a progressive decision. According to the decision, solar energy project developers (SPD) would receive a total of ₹2,153.9 (~$30.1) million from government agencies. Nearly 15 …

19th

Dec

‘Make in India’ Can Transform the Country through Subtle Policy Realignment

Make in India, announced by Hon’ble Prime Minister, Shri Narendra Modi brought forward an initiative focused towards manufacturing, promising- manufacturing growth, new investment, job creation, and economic revolution for India. The initiative worked as expected- bringing revenue, initiating technological growth and industrial development in solar power sector. New and lucrative sectors like solar energy in …

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