Kotak Solar is a pioneer in solar technology in India. It began operations in 1997. The company designs, finances and installs industrial and commercial rooftop solar panels. In 2014, it started offering solar-on-demand, enabling access to solar power without big upfront costs, increasing the pace and scale of the solar revolution in the country.
India Today recently named Kotak Solar, Entrepreneur of the year, 2017 for his role in shaking up the solar industry and providing quality products and financing solutions that facilitate the adoption of solar energy. But when Kotak Solar first got into solar installations in the '90s, Sunil Kotak recalls the state of solar awareness:
The government's push towards renewable energy has changed things, especially for solar. Here is the evolution of solar in India in four charts, and the way Kotak Solar is addressing the opportunity.
At a new low of $0.04 (Rs 2.44) per unit for utility scale power plants. solar power tariffs in India are today amongst the cheapest in the world.
Asia continues to dominate the solar industry. As developed countries shift towards utility scale projects, emerging market governments are encourage rooftop solar growth. According to the Bridge to India report, India's total installed rooftop solar capacity is estimated at 1,247MW as of December 2016.
As a result of declining costs, solar power has already attained grid parity in several states such Maharashtra, AP, Kerala and West Bengal.
Using technology to create a new economic model, Greendust’s ambitious founder talks about creating a “parallel universe” where the young and aspirational can sell old products and buy heavily discounted factory seconds.
In this investment we are doing our small part in affecting the consumption patterns of our society. Harvard University sociobiologist Edward O. Wilson claims the earth can support 10 billion people – a number others predict may be hit by 2100.
We have a culture of fundamentally solving problems. We place huge emphasis on speed to market and the power of prototyping. It is almost impossible to get everything right.