India has emerged as one of the biggest players in the field of solar energy in the world. In times of global warming where the whole world is advocating the use of renewable energy sources like wind and sun, India is harnessing solar energy with serious intent and capacity.
Harnessing the power of the sun is no more a phenomenon which was being applied and used only by developed nations. Developing countries like India are now focusing more on building infrastructure which will help in moving the economy from coal-dependent to solar-energy dependent.
India due to its geographical location on the globe receives sunshine for the most part of the year. Thus, it is one of the most suitable places to harness this renewable source of energy.
Thanks to the growing entrepreneurs in India who are working towards India’s transition to clean energy, India’s solar capacity stands at 30.071 GW in 2019.
Several startups have been launched in India which are using their ideas, technology, potential and capital for making India the next biggest solar power in the world.
IN 2015, the target was set to take the solar capacity of India to 100 GW by 2022 with an investment of US $100 billion.
Here is a compilation of some of the startups involved in solar energy in India.
1. 8Minutes: This clean energy initiative was launched and founded in 2015 by Dev Arora, Anuj Gupta and Arjun Srihari. The company’s primary objective was to make solar energy more accessible to common Indian consumers and households. 8Minutes also has commercial clients which include educational institutions, corporate companies and industries. The company first analyses and identifies the feasibility of solar panel for the user. If it is possible to install the panel, company then handles the complete work from documentation to installation. The company already has 26 MW of solar assets deployed, 39 million KWH energy produced annually and a CO2 emission offset of 29,000 metric tons in its portfolio. The Delhi based startup has achieved this much in just a span of 3 years.
2. Oorjan: Oorjan is a rooftop solar platform system for households, communities and businesses. The company was founded as part of Top-10 Technology Startups by women entrepreneurs in India by the Anita Borg Foundation and Government of India. Its founders are Roli Gupta and Gautam Das who founded Oorjan in November 2014. Both the founders are alumni of IIT Bombay. Oorjan offers numerous design options to its clients. Not only this, but flexible financing options are also provided by the company. Oorjan’s mission is to make each household capable of harnessing solar energy.
3. Orb Energy: Orb Energy is a startup in Bangalore which provides solar energy platforms in India. The company has sold more than 150,000 systems in India in the past ten years. Orb Energy is in the field of manufacturing its own photovoltaic modules and solar water heating systems. Orb Energy raised about $15 million in equity and debt funding. This funding will be used to expand its operations in Kenya. Orb Energy provides attractive financing options for SMEs. The company is in the process of building its own in-house platform for the solar rooftop.
4. ReNew Power Ventures: Sumant Sinha founded this company six years ago and it has been backed by several angel companies like Goldman Sachs, Abu Dhabi Investment Authority, Asian Development Bank, and Global Environment Fund. ReNew Power Ventures has grown to be a unicorn leader in the field of cleantech space in India. The company entered the space of solar energy in 2014 with a 57.6 MW project.
5. Ostro Energy: This is a Delhi based startup which plans to build 1000 MW of solar energy projects by 2019. Ostro has about 460 MW of wind and solar energy projects in construction in several states of India which include Karnataka, Telangana, Gujarat and Rajasthan. It is backed by Actis which has put in an investment of $280 million in Ostro Energy.
6. IndiaGoSolar: The Delhi based company has worked tremendously in bringing the convenience of e-commerce in the solar energy market. IndiaGoSolar was launched with a capital of just Rs.6 lakhs. Today, however, it has huge clients in its portfolio such as Sukam, Schneider, Power One and Southern Batteries.
It is not just unicorn status companies and entrepreneurs who are taking initiative to make India a clean energy state. Lakshey Sehgal, an individual or solopreneur based out of New Delhi is also working towards solar energy generation. The 25 year old boy is training people on how to be an entrepreneur in the field of solar energy. This is has inspired many individuals, organizations and entrepreneurs to divert their resources and time towards this crucial and important matter of renewable energy.
Our non-renewable energy resources like coal and oil are being depleted at an alarming rate. Now is the time to act and develop alternate renewable sources of energy which can sustain our planet and its requirements.
Source: http://bit.ly/2ZuD6DB
No comments:
Post a Comment