It seems that the clean energy sector has not been hit bad by the economy during the COVID-19 Pandemic. India has completed the largest solar tender, while reducing its solar imports from China. Many countries rely on trade for their resources, but now we’re seeing countries develop their own domestic solar energy products for their own country, so they don’t have to rely on other nations’ resources.
What Does the Solar Tender Make Up?
Adani Green Energy Limited and Azure Power were declared the winners of the largest solar tender. The installation of 12 gigawatts of solar power generation and 3GW per year solar manufacturing. The investment equals about $9 billion in USD. In 2019, India only installed 7.3 GW, which is just under 5 less than this project.
What Does this Mean in India’s Solar Aspirations?
India is increasing their solar energy production, which means it brings competitive, domestic manufacturing into play. This will eliminate their need to import solar resources from China. India won’t have to rely on China anymore. India is looking to be independent when it comes to renewable energy.
Along with the benefits of being solar independent from China, India will be looking to reduce their carbon footprint, as well as implement 400,000 direct and indirect jobs for citizens of India. This helps India’s economy and distances themselves from the already critical infrastructure of China.
At Pope Energy, we are helping the region of New England with their solar development. Commercial entities have the opportunity to change their way of how they harvest energy for their farms, land, buildings, and offices. With our large-scale photovoltaic solar energy projects, you’ll be rewarded with solar energy production to cut your energy bills down and help improve the environment and the way we live.
Contact Pope Energy at 855-767-3363 today or visit us online for more information.