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Why Chetan Maini’s Sun Mobility is betting big on renewable energyedit
After more than 18 years of building an electric car and the frustrations that followed, finally, there is financial and policy backing for Chetan to go all out on solar energy and electric vehicle solutions. Lavelle Road, Bengaluru, housed the rich and famous for over a century. Although its colonial charm has been lost, it remains a happening place, having transformed into a hub for entrepreneurship and change agents.
Publication: YourStory
Industry
Commission to fix feed-in tariff for solar poweredit
For the first time in the country , a feed-in tariff for rooftop solar power will be fixed by the Tamil Nadu Electricity Regulatory Commission (TNERC) soon. State power utility Tangedco has proposed the new tariff to resolve the net-metering problems faced by rooftop power generators.
Publication: The Times of India
Solar power: Even as PM Narendra Modi hard-sells make in India scheme, Gujarat PSU plays spoileredit
Even as the Modi government is hard-selling its “Make in India” mission, a PSU from the prime minister’s home state has put a spoke in the wheels of domestic manufacturers of solar power modules. Inviting tenders for the development of an 80 mega watt (MW) plant at the Charanka solar park in Gujarat’s Patan district, Gujarat Industries Power Company (GIPCL) has added a rider: The bidders must supply modules that have a 25-year insurance cover.
Publication: The Financial Express
Investor confidence in India on rise; interest in renewable energy high: Sitharamanedit
Make in India by far has been the most successful campaign launched by the current government in September 2014. The initiative helped open up investments by both foreign direct investment and private investors into sectors that had never seen investments by non-government individuals, said Nirmala Sitharaman, Minister of Commerce and Industry, Government of India.
Publication: Money Control
India wants 100% electric vehicles by 2030 but financing, infrastructure remain a challengeedit
In a recent statement, India’s Minister of Power, Piyush Goyal said, “We are going to introduce electric vehicles in a very big way.” “We are going to make electric vehicles self- sufficient like Unnat Jyoti by Affordable LEDs for All (UJALA). The idea is that by 2030, not a single petrol or diesel car should be sold in the country,” he said while addressing the CII Annual Session 2017 in New Delhi on Saturday.
Publication: Money Control
Electric vehicles market faces financing, infrastructure challenges: reportedit
The Indian electric vehicles (EV) market poses formidable challenges for policymakers, according to consulting firm Bridge to India. This comes in the backdrop of the National Democratic Alliance (NDA) government’s ambitious plan for an all-EV fleet by 2030, even as the sales numbers have not been picking up to help reach the Centre’s target of 6 million EV sales by 2020.
Publication: Live Mint
Policy push to boost electric vehicle salesedit
Ashlee Vance, in his recent biography Elon Musk: Tesla, SpaceX, And The Quest For A Fantastic Future, writes that Tesla’s original founders encountered few venture capitalist funds willing to advance relatively modest investments their way in 2003. But Tesla grew to dethrone General Motors a few weeks ago as America’s most valued automobile company. The resistance in its formative years, and Tesla’s astounding success thereafter, share a common cause: its exclusive focus on electric cars.
Publication: Live Mint