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It could be said that a precursor to the announcement at COP26 was visible in last year’s Union Budget where the Government first announced the PLI scheme for 10 GW of integrated manufacturing capacity for ‘High-Efficiency Solar PV Modules’. Later in the year, due to an extremely positive response from the industry, it increased the allocated PLI amount from Rs 4,500 crore ($616 million) with an additional Rs 19,000 crore ($2.5 billion).
One of the leading textile companies in the Bhilwara Industrial Belt wanted to move to solar power to reduce its dependence on coal-based power since it was a challenge for them to procure and store the same for their captive thermal power plant. The client also wanted to transition to solar-based power as it wanted to reduce its cost of operations. As the client had a large land parcel available within the premises, we developed an on-site rooftop+ground mount solar solution.
Supporting leading global automotive company in reducing its energy cost
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Renewable energy and upcoming structural reforms
In an an article few days back I said post the pandemic period, is likely to come out stronger’. At that point of time it was merely a projection based on our credentials, business understanding of the fundamentals of solar, and faith in the legal and regulatory framework of Indian electricity sector. However, the Ministry of Power on Friday afternoon, by issuing the much awaited structural electricity framework reform, has trulyreciprocated this faith, and aspirations we have as an Indian RE developer.