Goldman energy analyst Damien Courvalin…
The 4 largest oil companies…
Following the recent blackouts in India that have caused so much stir due to the vast number of people that they affected, it is clearer than ever that the country would benefit from new energy sources, and especially renewable energy sources. In fact a recent article on the website Gigaom has listed 10 solar projects that are already underway, and which will help to prevent future blackouts. I will briefly summarise each of the ten projects below.
1. Solar-powered microgrid: Mera Gao Power sells microgrid systems which consist of two solar panels, two batteries, four distribution lines, supplies electricity to 50 households, and costs $1,200. They hope to supply power to 70 rural villages before the end of the year.
2. Large Rooftop Solar Project: Azure Power plans to install solar panels on the roofs of 60 houses before March 2013. It will then share revenue earned by selling the power with the owners of the buildings.
3. 600 MW in Gujarat: The Indian state of Gujarat has approved 600 MW of solar energy projects this year, with the 214 MW solar park in the Patan district providing the largest contribution.
4. 20 GW by 2022: Back in 2010 the National Solar Mission set a goal of installing 20 GW of grid-connected solar power and 2 GW of off-grid solar by 2022; enough to provide three percent of India’s power.
5. SunEdison’s rural projects: SunEdison has created a business model for designing, installing, and managing solar systems for 29 villages in the Guna District. The development of these systems will be funded by government grants and private investors.
6. Pay-as-you-go solar: Simpa Networks has designed a system where customers only pay for the electricity produced by their own solar panel, and only when they use it.
7. Solar in the agriculture industry: SunEdison is working on a 1MW installation which stretches along a half mile of the Narmada Canal, in the state of Gujarat. The solar energy will be used by the agriculture and water industries.
8. Solar lanterns: d.light has recently achieved its goal of supplying it solar products, such as solar powered lanterns, to over 7 million people across 40 goals.
9. Solar Thermal Project: Areva Solar is constructing a 250 MW solar thermal plant in the north west of India.
10. Solar cooking and heating: Flareum sells solar products that concentrate the suns heat in order to cook food, or create a heater.
By. Joao Peixe of Oilprice.com
Joao is a writer for Oilprice.com