Having spent a few weeks in the country with the largest democracy in the world, with 1.2 billion people, I can confidently say India will be a large market for cleantech. The country is primed for renewable energy development; it has a plan for 20 GW of grid-tied solar by 2022; and it’s looking to build out its clean water and power grid infrastructure.
Here are some articles I’ve read this week, as well as what Vineeth Vijayaraghavan, founder and ditor of a site focused on cleantech in India, Panchabuta, has been watching, reading, and writing about lately:
- The New York Times starts more coverage of India’s solar market. The paper of record writes about India’s national solar plan and startup solar developer Azure Power. And in the NYT’s Green blog, the same reporter writes that India has surprised him by actually looking to be on target for its 20 GW solar plan.
- From the Financial Times blog. “Electric vehicles might have yet to catch on in India but that hasn’t stopped one Indian company from seeing the money-spinning potential of electric motorcycles and scooters. Hero Eco – owned by the same parent company as India’s largest two-wheeler maker, Hero Motocorp – is hoping to boost its presence in the electric two-wheeler industry with the acquisition of Ultra Motors – a UK-based manufacturer.”
- Polaris launching an electric car. According to CarTradeIndia, conglomerate Polaris will eventually launch an EV specifically for India.
- From me recently. India’s Reliance backs nuclear startup TerraPower, A startup’s plan to sell solar like cell phones, and How a startup is cracking the Indian solar market.
- Via Bloomberg. “While solar energy generation is a relatively new sector for banks, they’re interested in lending to those who have established credibility and lived up to their commitments,” said Vineet Mittal, managing director of Welspun Energy.”
- Smart Grid India. GridWeekAsia and ELECRAMA 2012 will be held in Mumbai, India, Jan. 16-18, 2012.
- Renewable energy trading way up. The Hindu Business Times reports December trading in renewable energy certificates “touched a new high, both in volumes and in prices. As many as 1,11,621 RECs were traded on the two exchanges – Indian Energy Exchange (IEX) and Power Exchange of India Ltd (PXIL).”