China, Germany, Italy and India were among the nations that most successfully attracted private investments, according to new research released by The Pew Charitable Trusts.
India stands third tied with Germany behind China and the United States of America, in Ernst & Young’s Country Attractiveness Indices for the world renewables market.
Indian solar market has benefited from an amended RPO and other financial support. Interestingly, India scores better than China and Germany in the solar index only behind USA standing second.
Panchabuta was the first to report on the Solar PV and thermal developers shortlisted for the first phase of the Solar Mission. 37 developers for a aggregated capacity of 620MW have been shortlisted and PPA’s signed.
Gujarat has released a state specific solar policy with an ambitious target of installing 1,000 Mw solar power capacity by the end of 2012 and 3,000 Mw in next five years. The state has already signed PPAs for about 934MW.
Last month , Panchabuta has mentioned that the next round of bidding for 296 MW of solar photovoltaic projects is likely to start in April, according to Anil Agarwal, CEO of NTPC Vidyut Vyapar Nigam, the nodal agency for the first phase of the mission.
Panchabuta had mentioned in March this year that Rajasthan was expected to come out with a policy for a planned capacity 550MW for which there could be a reverse bidding process to short list the developers like the National Solar Mission.
Given the policy impeteus and ambitious announcements, Indian Solar Mission has been in the global spotlight. Dr. Abdul Kalam on his visit to Dubai said: “Sustainability comes in two things. Number one is availability. The second one is whether we can have a green energy future. I’m very happy that Dubai Global Energy Forum is addressing green energy. Particularly, India has just now launched a programme for solar power station providing 20,000 Megawatts by the year 2020. So we are very happy to have a sustainable energy programme. We have national interest and international interest and I am very keen to attend.”
Dr. Abdul Kalam’s participation supports the forum, as he has vast experience in the energy field and its uses. He is also one of the leading scientists in India and holds a unique rank of honor, as he received numerous honorary doctorates from 40 universities and institutions from India and abroad.
Dr Abdul Kalam’s participation stresses the importance of Dubai Global Energy Forum 2011 as a leading energy event on the regional and international levels, especially as it is being held for the first time in Dubai. The forum will see the participation of global leaders and experts in the energy sector, from both public and private companies, international organizations and academic institutions to participate in plenary sessions and sharing experiences, knowledge and visions on present and future sustainable energy sources.