In contrast to the politicization of solar companies in the U.S., India is quickly moving to install 20 GW of solar by 2022. Vineeth Vijayaraghavan is the founder and editor of the site focused on cleantech in India, Panchabuta, and here’s what he’s been watching, reading, and writing about this week:
- India’s state-owned power company, NTPC, has formed a joint venture — Pan Asian Renewables — with the Asian Development Bank and Japanese power subsidiary Kyuden International Corporation to develop clean energy projects in India over the next three years.
- Spanish wind power equipment giant, Gamesa, is looking at Southwest Indian state Karnataka to contribute “a substantial portion” to the 1,000 MW of wind farm capacity it has lined up across India over the next one year.
- One of the largest solar projects in India — a 125 MW project called Shivajinagar Sakri under construction at Dhule in northern Maharashtra — is in jeopardy. The Forest Department of Maharashtra has put a claim on the land where the solar project is planned. But residents of a nearby town are fighting to keep the project alive.
- According to research firm Venture Intelligence, there were five investment deals in cleantech startups in India between January and March 2011, 10 between April and June 2011, and 14 between July and September 2011.
- Spanish power giant Acciona Energy commissioned its third wind park in India, the 56.1 MW Tuppadahalli farm, which represents an investment of €58 million. Acciona Energy now has a total installed capacity at 85.8 MW, putting it in the lead of other Spanish wind power developers with assets in India.
- Twenty percent of India’s energy consumption comes from agricultural power; it’s the third highest draw, after industry and household. Vijayaraghavan calls for energy efficiency measures in both energy and water for agriculture.
- Despite investing in power generation, regions in India continue to experience a shortage of energy supply. Karnataka is experiencing a 27-percent power shortage mainly due to sudden spurts in demand from the irrigation sector and reduction in power generation due to coal shortages. Shortfalls are expected to last for a couple of months. In Southern India, there’s also a power crisis, because of lack of coal supply and sub-optimal generation.
- Solar inverter company Solectria Renewables plans to expand manufacturing in India and China to take advantage of growth opportunities for commercial- and utility-scale solar projects in those countries. Solectria plans to build a 200 MW plant in India.
Panchabuta is dedicated to bringing the latest news, information and analysis in Cleantech and Renewable Energy Industry in India.
Image courtesy of Ajay Tallam.