Solar power is the fastest growing part of the global energy industry. Inderpreet Wadhwa, CEO of Azure Power, one of the largest solar power producers in India, sat down with us to discuss why India is well positioned to capitalize on the trend.
Wadhwa emphasizes that over 200 million people in India do not have electricity. He says there is a lot of potential because solar radiation is available in most parts of the country, and India has over 300 days of sun. The fact that India is an emerging economy and has to build new infrastructure is another advantage, he says, because the country can "leapfrog" coal industry infrastructure.
For Azure Power, it is important to work closely with the government. Wadhwa says energy in India is highly regulated so they need favorable government policy. 90% of the company's contracts are with the government. With the price of solar much cheaper than energy consumed in many industries, Wadhwa says they are now doing more commercial contracts with industries such as the hotels.
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Democratic lawmakers are speaking out against a proposed Labor Department rule that they argue would make it harder for retirement funds to consider important environmental factors when making investment decisions.
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Frenchwoman Emmanuelle Charpentier and American Jennifer A. Doudna developed a method known as CRISPR-cas9 that can be used to alter the DNA of animals, plants, and microorganisms.
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The Food and Drug Administration has laid out its safety standards for developers of COVID-19 vaccines after the White House blocked their formal release.
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