THERE is huge potential for entrepreneurship in solar energy but businesspersons in eastern India are not yet waking up to the opportunity, says top solar expert and Green Oscar recipient Shantipada Ganchaudhury.
Delivering the keynote address at a seminar on solar business opportunities at Jadavpur University’s Institute of Business Management, he said rooftop solar panels could provide a business of few thousand crores in Calcutta alone.
■ Dr Ganchaudhury in a seminar
“Our local entrepreneurs can tap into this huge business rather than leave the field open to business groups from elsewhere in India,” said Dr Ganchaudhury.
Green Oscar winner said India is looking to generate 100000 MW of solar power by 2022 and double that much by 2030. This is part of India’s commitment to move to cleaner energy sources to cut down on emissions as a signatory of the Paris climate change deal
He said entrepreneurs here have to track the innovations in solar technology and adapt their business plans accordingly.
“Electric cars, autos and rickshaws are coming into the transport sector in a big way. The charging stations have to be solar driven. This is an area local entrepreneurs can secure huge returns without much investments, “he said.
The Green Oscar winner said India is looking to generate 100000 MW of solar power by 2022 and double that much by 2030.
The Indian Government has reduced its subsidies for Renewable Energy and increased for fuels. The sectors that would depend on Renewable energy got a raise in subsidies. #renewables #renewableenergy #solar #subsidies #solarpanel #solarbattery #pixonsolar #pixonenergy pic.twitter.com/HmJj461B7S
— PIXON (@PIXONENERGY) May 28, 2020
This is part of India’s commitment to move to cleaner energy sources to cut down on emissions as a signatory of the Paris climate change deal.
“While local entrepreneurs may find it difficult to invest in big solar plants, they could jolly well fit into the medium and small scale sector,” he said.
Ganchaudhury called on local entrepreneurs to be well up on government policies specially the incentives offered and financing mechanisms. ■
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