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.
Acclaimed music producer, DJ, and entrepreneur Steve Aoki is dipping his toe into comic books. At New York Comic Con Aoki debuted 'Neon Future,' his comic debut.
A landmark report issued by the Intergovernmental Panel on Climate Change Monday warned that there could be irreversible damage caused by climate change in as little as 12 years. Andrew Freedman, science reporter at Axios, said the effects of this could be even hotter heat waves, sea-levels rising that could wipe out coastal cities, food shortages, and more.
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Relief for migraine suffers may, at long last, be imminent. With the FDA approving Eli Lilly's Emgality drug, Christi Shaw, president of Lilly Bio-Medicines, expounded on the drug's potential efficacy. The company has said it will offer the treatment to chronic migraine suffers with commercial insurance for free for a year.
These are the headlines you Need 2 Know.
These are the headlines you Need 2 Know.
Facebook announced its newest VR headset that will ship next year. "Oculus Quest" offers users the same virtual experience, but now users are able to move more freely while wearing the headset. Andrew Bosworth, VP of VR/AR at Facebook, said this is the next step in better connecting people around the world.
North Carolina is facing a new crisis a week after Hurricane Florence made landfall. Not only have millions of farm animals drowned in the initial floods. Now, flooded waste lagoons are contaminating the drinking water, explained Zoë Schlanger, environment reporter for Quartz.
Tilray, the Canadian cannabis company swiftly becoming one of the most talked-about stocks of the year, was up as much as 50 percent on Wednesday morning, leading a continued bull run in pot stocks and putting its market cap above established companies like Macy's and Viacom.
Elon Musk and SpaceX announced the company's first private passenger, Japanese billionaire Yusaku Maezawa. Shannon Stirone, freelance science journalist, said that this is the first step to Musk's ultimate goal ー transporting people to Mars.
