India’s 150 MW Solar Allocation to PV Technology has seen overbidding upto 10 times and the winners will be decided based upon the discounting on the Rs 17.91/Kwh (40c/KwH).The discounting promises to be clearly be irrational and loss making as Large Conglomerates and Integrated Solar Companies fight with each other to win projects at any cost.Feed in Tariffs across the world has only worked out well where there is no discounting or bidding mechanism.In case of bidding,especially in immature nascent markets,the winners of the projects end up as the losers.Renewable Energy also ends up on the losing side as many of these projects are not completed or have to be restructured defeating the entire purpose of the Subsidy Scheme.India’s Solar Energy Sector promises to be one of the biggest energy opportunities in the 21st Century.However this will require a very smart subsidy strategy by the government

Solar Energy Future Growth has been vastly underestimated by policy makers and analysts but private companies are recognized the huge potential.India’s JNNSM Policy which is meant to jumpstart India’s Solar Energy has drawn huge interest from both domestic and foreign companies.The number of Solar Companies in India are growing at a rapid pace attracted by the huge opportunity.While starting troubles like project financing of debt etc are present,the long term growth potential of Solar Energy in India is tremendous.Global Industrial Giants like GE,Siemens have already established or in the process of investing huge sums of money to capitalize on this Green Trend.Now French Giant Areva has joined them.Note Areva is the global leader in nuclear equipment technology and is not known for its prowess in Solar and Wind Energy.However the company is making a play in Solar Thermal Technology where it hopes to use its existing skills and knowledge.Areva had acquired US startup Ausra which had fallen on hard times earlier.However Areva has not won too many Solar Thermal Projects in the recent past.However things may change starting with India

Siemens as a part of its Energy Efficinecy Efforts will go on a Green Makeover of its Office Locations in India.LED Lightining and other measures will be adopted to save Rs 3 crore in Energy Costs annually.15% of its current Energy needs will be cut by spending around $2.2 million in the next 2 years with a payback time of around 3 years.Siemens hopes to establish its Green Credentials in the Green Building Category by showcasing its inhouse efforts in Energy Efficiency.Note Energy Efficiency is the cheapest way to cut carbon emissions and is the lowest hanging fruit in mitigating Climate Change.It is perhaps the only Green Sector which does not require a subsidy to be economic.India is on a massive infrastructure building spree with $500 billion expected to be spent over the next 5 years.Green Buildings will go a long way in reducing India’s growing carbon emissions and will save money as well.

Putting up Solar Panels on prominent landmarks is an easy and cheap way to promote Green Energy.In the last few years, a number for prominent places in the world have been installing solar energy in an effort to reduce GHGs and to publicize the clean economy.It advertises the advantages of putting solar panels in powering buildings which account for 40% of the global energy usage.’s Sydney’s Opera House,India’s Golden Temple are some of the other landmarks that have installed solar panels to cut fossil fuel use and encourage the use of renewable energy.White House has also decided to install solar panels next year after a prolonged campaign by green activists.Note White House had earlier installed solar panels during the time of Jimmy Carter and the OPEC Oil Embargo.These has been decommissioned by Reagan reflecting changed energy fundamentals.India’s Parliament House has now decided to go green using solar panels and biomass plants to drastically reduce its carbon footprint.The Indian Parliament generate a huge amount of food waste which will help in powering the biomass plant.

India hopes to derive annual revenues of more than $1 billion dollars from a new coal tax it has introduced.These revenues will go to a proposed Green Bank which will fund Green Energy Projects and R&D in the Country.While initially the funds will be managed by the government’s financial agency IREDA,later on a full fledged Green Bank will be managing the annual $1 Billion Coal Tax.Note Coal is the biggest Energy Source for India and China.Both countries are trying to diversify their dependence from Coal as it is the dirtiest form of energy.However the cheapness and abundance has made coal indispensable to the voracious energy requirements of both countries.Coal India Limited (CIL) which came out with an IPO recently was a resounding success in India showing that investors believe that Coal will contiue to grow and dominate the Energy Scene in India.

Solar Power in India is growing at a rapid clip with the strong government support through the ambitious Jawaharlal Nehru National Solar Mission (JNNSM).Rapidly Falling Costs,Massive Power Deficits,Huge Growing Energy Demand and Peak Oil all make Solar Energy in India one of the biggest energy opportunities in the 21st Century.People are slowly recognizing this large Green Money Making Opportunity with companies like Suntech,Siemens and Trina Solar entering into partnership with local players.Suntech has tied up with independent power producer IPP while Siemens has tied up for solar thermal energy with the Adani Conglomerate.This is just the initial trickle with large foreign companies waiting to flood the Indian market.There have been some initial hiccups in Debt Financing of Solar Energy in India but I expect the long term secular growth story to be unaffected. Solar Power Companies in India can be divided into various categories based on solar equipment manufacturing,independent power producer,renewable arms of large power companies etc.I have already covered the Top 10 Solar Module Production Companies in my Solar Panels in India article.Here is the list once again.