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   It is not just 100GW Solar target, positive macroeconomics beckon investors to India

The target of 100,000MW for solar generation by 2022, announced by the Indian Government, has attracted unprecedented interest from national and international investors. The investors, many of whom are completely new to power sector, were attracted by the long term Power Purchase Agreements (PPAs) and short gestation time for the project besides not having any dependency on fuel linkages. Of course, falling prices of solar cells and competitive bidding have brought the solar power tariffs in India in the range of Rs 5.09 to Rs 5.88 per kWh and quite attractive compared to wind, biomass and even new thermal power projects.



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                                                                                                                                                                                                                  Financing India’s Solar Revolution: Opportunities and Challenges – Webinar by SolarPlaza

Can India achieve the target of adding 100,000MW by 2022 ?
Can the Hon'ble Minister Piyush Goyal deliver when he says "I want to kill 10 birds with one stone" ?
In the poll conducted after my presentation, majority i.e 48% of the audience thought that Mr Piyush Goyal is likely to do that, with 12% who needed more information and the rest thought it was unlikely. Overall, that's a good sign for Solar India.People say 60GW utility solar may be possible but 40GW of Solar Rooftops may be difficult in India, but we don't have to copy Germany or Japan and rely on rooftops alone. A large part of the agri pumpsets load of 100,000MW, which in rural areas that are far from generating stations, can go partly off grid and partly served through distributed solar generation at feeder level. 

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   A path breaking approach to sustainable urban and rural transportation!

Our hypothesis that India can target more than 100GW solar easily if solar is used for charging electric vehicles.

Displacing petrol with solar is important as India imports 80% of its oil and uses 50% of the export earnings for oil imports! We should reduce dependency on imported fossil fuels for transportation and decrease the urban air pollution by encouraging the use of solar power for mobility (electric cars, bikes and bicylces).

 We should plan solar charging stations in ‘smart cities’ to begin with, and in rural areas and along the highways in due course.





Shri Shakti Alternative Energy Ltd (SSAEL), is a part of the Shri Shakti Group, Hyderabad, with over a decade of experience in the field of Clean energy, Consulting and Solar Project Development.

SSAEL has executed projects for World Bank, UNIDO, GVEP, kfW, IREDA and were Consultants to RERC.

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