India has made a quantum leap reaching approximately 9 GW in 2016 from a meagre 10 MW in 2010. Government departments and private players working in unison has helped in scaling such an achievement. However, intense competition has led to tariff wars, resulting in very low tariff rates. This trend dates back to December 2011 when a foreign company bid Rs. 7.49 for projects under NSM. 6 years later we are standing at Rs. 3.64 bid for 750 MW (250 MWx3) solar project in Rewa, Madhya Pradesh. Although, low solar energy tariff firms up the hope of reaching countrywide solar grid parity with conventional energy, bidders are finding it tough to get funding. Banks and private lenders are inching away from financing solar projects in India due to lower tariffs, seeing it as a cost risk. To explain the situation in a single sentence, we can say that low tariff rates in the solar industry are introducing high cost financing issues to the developers and industry players.
Being an entrepreneur is rewarding, especially if you never throw in the towel and call it quits. And undoubtedly, those times will come when you might consider taking a few steps back. In those moments, it is perseverance that will get you through the confusion, self-doubt, and ebb & flow of your business journey. It sure sounds great to have a guidebook to navigate the ‘not so cakewalk’ that is entrepreneurship, with comparative ease. Sure, there are biographies of great men and mantras that can help you with time management, relationship building, and career development, but experiences that are given birth to by entrepreneurship are unique to every individual.
A successful man/woman is always goal centric. There are always objectives that continuously shape and reshape their approach and perspective. Reaching a goal offers a sense of success, but eventually, that feeling is overtaken by the urge of achieving even more. So, essentially a successful man/woman, lives the life of pursuit and continuous improvement.
The Indian Government has made incredible strides to lead the country into green energy transition. From 2010, when India had a meagre 10 MW solar capacity, the leap to 9 GW, has been commended at the global podium. And with favourable growth in solar installations, India’s module manufacturing capacity has grown approximately 150 per cent in just the last two years (from 2014).