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.
Insurers should expect losses in the tens of billions of dollars due to Hurricane Florence's rain, which will linger for days because of the system's slow movement, said Mark Watson, CEO of Argo Group.
Natural disasters, hurricanes especially, were once opportunities for administrations to flex their leadership and empathy muscles. When they failed (see: Bush, Katrina), the results were politically devastating. When they succeeded (see: Christie, Sandy), they launched runs for office. Those days appear to be over.
These are the headlines you Need 2 Know.
These are the headlines you Need 2 Know.
Jed McCaleb, the co-founder of the Stellar Development Foundation, told Cheddar how blockchain technology can revolutionize how digital payments are tracked and secured.
These are the headlines you Need 2 Know.
These are the headlines you Need 2 Know.
John Carreyrou, the Wall Street Journal investigative reporter who first exposed the fraud at blood-testing company Theranos, said the former CEO of the once high-flying start-up had a chance to minimize the pain years ago, but instead used what money the company had to hide the truth.
These are the headlines you Need 2 Know.
These are the headlines you Need 2 Know.
