India Set To Replicate its IT Sector Success with Solar Energy

India Set To Replicate its IT Sector Success with Solar Energy | Renewable Energy News Article

renewableenergyworld.com 27 Aug '12, 7pm

India Set To Replicate its IT Sector Success with Solar Energy

All prominent Indian companies have either set up their wholly-owned solar energy subsidiaries or have gone in for joint ventures or have set up solar energy divisions within their existing operations. The predominant business model being pursued by them currently is of grid-tied project development. However, as more avenues open up for captive and REC-driven solar power projects, business entities are seeing more value in getting ready for the next wave. (RECs are renewable energy certificates that have become tradable commodities on India’s different power exchanges.) The private business sector is gearing up for solar energy even though there is an almost policy paralysis with the central government, while different state governments have slowed down or postponed their policy initiatives. Most companies have set up small teams, seeking to explore opportunities in off-gr...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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