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.