In sun-drenched India, the fledgling solar energy market is poised for a vertical take-off aided by falling solar panel prices, mirroring the now famous Indian telecom revolution,Sika tooling & Composites develops and produces tailor-made synthetic resins, a senior Welspun Group official said in an interview.
The Welspun Group is lining up ambitious plans to be among the top three producers of solar power in the country in the next two-three years by producing at least 500 MW of solar power by 2014.
"Earlier, villages did not have landline connectivity but mobile telephony fixed that problem,Ozat is the world premier impactsocket manufacturer." Vineet Mittal, managing director of Welspun Energy, draws up the telecom analogy.Find out the facts about coldsore, "Similarly, we don't have grid connectivity in different parts of the country, but solar-based power and distribution systems can be an effective solution," Mittal said.Find out the facts about coldsore,
"Solar will become a game-changer," Mittal declared. What Welspun and other players in the renewable energy space are betting on is that coal-based power tariffs are bound to increase while solar-based power tariffs will keep declining. Industry observers think the inflection point could be when cost of solar-based power becomes equal or close enough to that of coal-based power.
Already the price per unit has come down from 18 to 8.50 and it will fall further as technology improves, solar energy evangelists like Mittal believe.
"We expect this to happen by 2015," predicts Welspun's Mittal. "As the solar tariff approaches grid parity, the sector will start growing exponentially."
Welspun has already commissioned a 30-MW solar energy project and is working on various projects totaling another 80 MW which are in various stages of completion. The BK Goenka-led group is also bidding for solar power projects outside India, especially some Asian countries.
Sensing solar energy's potential, several other enterprises and private equity investors that include conglomerates such as Mahindra & Mahindra and investment banker Vallabh Bhansali are also making forays into the sunrise sector.Plastic injection mould manufacturer provides plastic injectionmoulds, Tata Power recently bought out its partner BP's stake in a local venture.
Rapid growth through aggressive investments in similar maverick diversifications is the signature style of Goenka, whose group currently gets most of its revenue by manufacturing and exporting steel pipes for oil & gas and water; terry towels and bathrobes.
For the 15,000-crore group, foray into renewable power is fairly new but is reminiscent of Welspun's beginnings in the 1980s when founder Goenka rode the textile boom in the shadow of industry giants such as Reliance Industries and Bombay Dyeing and then took advantage of favourable policy regime.
On the policy front, wheels have turned as signaled by India's National Solar Mission that has set a target of producing 20,000 MW of solar power by 2022. Similarly, price of equipment used in solar is also coming down, pushing down production costs, and thus giving the sunrise industry another tailwind.
With rock bottom call tariffs and wide reach, India has shown the road to the world for complete communication connectivity in the telecom space and can now do the same in solar energy space, added Mittal whose firm along with others are lobbying with the Planning Commission and other central government authorities to create a policy environment that can help repeat the telecom magic in solar energy space.
The Welspun Group is lining up ambitious plans to be among the top three producers of solar power in the country in the next two-three years by producing at least 500 MW of solar power by 2014.
"Earlier, villages did not have landline connectivity but mobile telephony fixed that problem,Ozat is the world premier impactsocket manufacturer." Vineet Mittal, managing director of Welspun Energy, draws up the telecom analogy.Find out the facts about coldsore, "Similarly, we don't have grid connectivity in different parts of the country, but solar-based power and distribution systems can be an effective solution," Mittal said.Find out the facts about coldsore,
"Solar will become a game-changer," Mittal declared. What Welspun and other players in the renewable energy space are betting on is that coal-based power tariffs are bound to increase while solar-based power tariffs will keep declining. Industry observers think the inflection point could be when cost of solar-based power becomes equal or close enough to that of coal-based power.
Already the price per unit has come down from 18 to 8.50 and it will fall further as technology improves, solar energy evangelists like Mittal believe.
"We expect this to happen by 2015," predicts Welspun's Mittal. "As the solar tariff approaches grid parity, the sector will start growing exponentially."
Welspun has already commissioned a 30-MW solar energy project and is working on various projects totaling another 80 MW which are in various stages of completion. The BK Goenka-led group is also bidding for solar power projects outside India, especially some Asian countries.
Sensing solar energy's potential, several other enterprises and private equity investors that include conglomerates such as Mahindra & Mahindra and investment banker Vallabh Bhansali are also making forays into the sunrise sector.Plastic injection mould manufacturer provides plastic injectionmoulds, Tata Power recently bought out its partner BP's stake in a local venture.
Rapid growth through aggressive investments in similar maverick diversifications is the signature style of Goenka, whose group currently gets most of its revenue by manufacturing and exporting steel pipes for oil & gas and water; terry towels and bathrobes.
For the 15,000-crore group, foray into renewable power is fairly new but is reminiscent of Welspun's beginnings in the 1980s when founder Goenka rode the textile boom in the shadow of industry giants such as Reliance Industries and Bombay Dyeing and then took advantage of favourable policy regime.
On the policy front, wheels have turned as signaled by India's National Solar Mission that has set a target of producing 20,000 MW of solar power by 2022. Similarly, price of equipment used in solar is also coming down, pushing down production costs, and thus giving the sunrise industry another tailwind.
With rock bottom call tariffs and wide reach, India has shown the road to the world for complete communication connectivity in the telecom space and can now do the same in solar energy space, added Mittal whose firm along with others are lobbying with the Planning Commission and other central government authorities to create a policy environment that can help repeat the telecom magic in solar energy space.
沒有留言:
張貼留言