Before I delve on the clean energy business, a small deviation, if I may?
I’m half way through Elon Musk ‘s autobiography (Elon Musk: How the Billionaire CEO of SpaceX and Tesla is Shaping our Future). And I lap up every news item about Tesla. I was in Whitefield, Bengaluru two days ago, and I swear I saw a Tesla Model-X (the SUV version) zooming out of one of those swanky tech parks and disappearing into the dark road ahead. How could I be sure? I saw the Tesla logo on the car and also the unique wheel hubs. Some rich techie going home, I guess.
SolarCity
The shortage of energy continues to be a major problem in India. The Indian Express reports: power minister Piyush Goyal said that all villages would be electrified by the end of 2016. The government previously set a deadline for this – May 2017.
We have plenty of Sun in India, yet we are not so successful at harnessing it for our energy needs. Perhaps Elon Musk and his SolarCity business could show us the way.
The well-funded SolarCity is revolutionizing the energy industry in the US. It could take up local manufacturing of solar panels through the Made in India initiative.
SolarCity has devised an interesting scheme for electrification of schools — and this could work for schools in the rural districts in India. For every megawatt of solar power SolarCity installs, its GivePower foundation will donate a solar power system and battery to a school without electricity.
More than the Teslas, India could benefit from the clean energy from SolarCity.
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