From Business Day:
WITH the world preoccupied with current high oil prices and dwindling energy resources, India is taking the lead in finding solutions to meet surging global demand by developing solar power as an alternative energy source.
India, which is expected to rank among the top four generators of solar power within a few years, is also a major manufacturer and supplier of solar panels and related technologies.
There is clearly a sense of urgency and an unprecedented rush in India to tap solar energy as investors come up with projects to manufacture technologies that can help to generate power for an energy starved world.
India’s phenomenal growth has led to increased demand for energy, especially oil and electricity.
Leading Indian industrialists and the government are unanimous in their agreement that solar energy could be the next big sector worldwide.
Indian investors are viewing the sector with keen interest and billions of dollars are being spent in manufacturing solar-power technologies.
More investments are expected to come as Indian businesses come up with ambitious plans for the sector.
The government has already developed policies to promote the development and has announced special incentives for potential investors in technologies that will help to generate solar energy. This has seen several major companies queuing up with cash to invest. This is not surprising as the trend around the world suggests there is increasing interest in this renewable form of energy that is ecofriendly.
In its national energy action plan released recently, the Indian government highlighted the importance of solar energy and set targets to increase the generation of solar thermal power significantly to 1000MW a year.
To date the Indian government is said to have received proposals from businesses adding up to investments worth $16bn to manufacture solar- power technologies.
The sense of urgency in India to develop solar energy is aptly expressed by industrialist Anand Mahindra, chairman of Mahindra & Mahindra, who feels that India still has a timid and incremental policy support.
Writing in The Times of India on this issue recently, he sees the development of solar energy as the next big step in India’s industrial development and argues that even though the government is taking the steps in the right direction, this was still not enough.
“This is a step in the right direction, but is this the best that can be done? Thinking small would be tragic, given that the world’s most abundant energy resource bestows itself generously over most of our country.”
Mahindra suggests that the solar thermal electricity generation (STEG) technologies be implemented in a very big way because they are cheaper and a cleaner way of producing energy.
“If we focus our policy support on scale and commercialisation we can attract private-public partnerships. We put all plans on a fast track and become the STEG technology leaders and suppliers to the world. And get ourselves plenty of energy into the bargain.
“Other countries, many of which receive half the sunlight we get, are taking the lead in commercialising solar power technologies successfully.
“Germany is becoming the largest photovoltaic (PV) market in the world.
“The US and Spain are hot spots in the global STEG market. All this is due to policy and incentive support,” he writes.










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... no bloody chance I'm dropping that kind of investment on a R1m house...


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