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.
Lyft says it has completed 5,000 rides in its autonomous vehicle pilot program in Las Vegas. Taggart Matthiesen, the company's head of product, told Cheddar that customers are starting to acclimate to the idea of a self-driving ride, but it will be a while before safety drivers are unnecessary.
The Trump administration is weakening restrictions on coal-powered plant emissions, rolling back an Obama-era policy meant to lower harmful chemicals in the environment.
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These are the headlines you Need2Know on Tuesday, Aug. 14.
Hawaii aims to be completely reliant on renewable sources of energy by 2045, says Connie Lau, president and CEO of Hawaiian Electric Industries and chairman of Hawaiian Electric Company. To do so, she said the state can use its natural advantages in solar and wind.
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These are the headlines you Need2Know for Friday, Aug. 10.
These are the headlines you Need2Know.
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The stationary bike and treadmill maker is now valued at over $4 billion after its latest funding round. Maureen Farrell, reporter at the Wall Street Journal, tells Cheddar that most companies claim to be the Netflix of their industry, but in Peloton's case, it may actually be true.
