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.
Floodwaters receded in Vermont cities and towns pummeled by a storm that delivered two months of rain in two days, enabling people to focus Wednesday on recovering from a disaster that trapped residents in homes, closed roadways and choked streets and businesses with mud and debris.
Schools in New Delhi were forced to close Monday after heavy monsoon rains battered the Indian capital, with landslides and flash floods killing at least 15 people over the last three days. Farther north, the overflowing Beas River swept vehicles downstream as it flooded neighborhoods.
Even Southwestern desert residents accustomed to scorching summers are feeling the grip of an extreme heat wave smacking Arizona, Nevada, New Mexico and Southern California this week with 100-degree-plus temps and excessive heat warnings.
