First Solar Looks To Cash In On The Green Mood In India

9 years ago Anand Upadhyay
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Bogged down by staggering power supply in India, pharma units and IT companies, among others, are looking at solar power to meet their energy demands.

First Solar has envisaged a good opportunity in this segment and is planning to set up dedicated solar power plants for industries and commercial establishments across India, who would like to meet some part of their electricity requirement through renewable energy sources.

taj mahal in india's first solar city

First Solar India head, Sujoy Ghosh explains that several multinationals such as Microsoft and Cisco, which procure renewable power globally, have large offices in India. Additionally, several Indian IT and pharmaceutical companies are also interested in sourcing a part of their energy requirements through solar power

Only recently, Indian IT company Infosys announced its intentions to source its entire power demand from solar power projects by 2018. The company expects a cumulative demand of 175 MW by  2018. During 2013–14 Infosys procured 75.6 million kWh, the equivalent of about 30% of the company’s total electricity consumption, from renewable energy projects.

According to Mr. Ghosh, industries which have opted for express feeders can have dedicated solar power plants to secure uninterrupted power supply. In addition to its environmental benefits, solar power allows fixed tariffs in the long-term.

At the recently held RE-INVEST summit, First Solar announced that it would set up 5,000 MW of green energy projects in India by 2019. As per GTM Research, India is expected to be one of the top five solar markets by 2020.

First Solar is currently busy executing 200 MW of solar power projects in the Indian states of Andhra Pradesh and Telangana. The company had surprised the solar sector, with some of the lowest bids in these states (here and here).

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Anand Upadhyay

is a Fellow with The Energy and Resources Institute (TERI, New Delhi). He tweets at @indiasolarpost. Views and opinion if any, are his own.

Anand Upadhyay has 95 posts and counting. See all posts by Anand Upadhyay

3 thoughts on “First Solar Looks To Cash In On The Green Mood In India”

  • Reliable, cheap, clean and easy Energy, produced locally.
    transition paid for by current energy bill. Long time low price reliable Energy contracts. And Solar adds up.
    Solar money investment is not burned every year.

  • iPatriot
    March 17, 2015 at 11:47 am
    Permalink

    AN AFFORDABLE, 365 DAYS RELIABLE SOURCE OF ELECTRICITY FOR COMMUNITIES. A WIN WIN WAY DEAL WITH CLIMATE CHANGE

    • Bob_Wallace
      March 17, 2015 at 12:33 pm
      Permalink

      No all-caps please.

Comments are closed.