Energy demand is skyrocketing. In fact, global energy consumption has surged by estimated 30 percent over the past two decades. The International Energy Agency (IEA) reports that this demand will only continue to grow, with rapidly developing regions in Asia, Africa, and Latin America leading the charge. Factors like urbanisation, industrial growth, and the digital boom fuel this rise, placing electricity needs at the forefront of modern life. As demand intensifies, the shift toward renewable energy has gained momentum, pushing new technologies and policies to meet the call for sustainability. With an urgent need for energyefficient, low-carbon solutions, industry leaders are shaping a cleaner future. Recently, at the REI Expo in Greater Noida, experts gathered to discuss these advancements, spotlighting the latest innovations in the sector and how they are set to redefine energy's future.
Current status
The solar industry in India is experiencing record growth, and companies like DhaSh PV Technologies are preparing to meet the escalating demand. Mohammad Asif Patel, who oversees business development at DhaSh PV, recently shared insights on the company's strategic growth plans and how it is positioning itself within expanding solar manufacturing in India.
Icon Solar adapts to this rapid evolution by focusing on retail and large-scale projects. According to Rajat Shrivastava, General Manager of Marketing at Icon Solar, the company is leveraging the PM KUSUM scheme for retail sales while improving its capabilities to take on utility-scale solar parks. Adding to it, Aniket Tondare, Director - Distribution Sales at ECE India, mentioned, "We are scaling our operations, expanding from the current 450-megawatt capacity to 1.2 gigawatts with a new facility expected to be operational by the end of the financial year. This expansion will bring ECE's total capacity to approximately 1.8 gigawatts."
This story is from the November 2024 edition of EPR Magazine (Electrical & Power Review).
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This story is from the November 2024 edition of EPR Magazine (Electrical & Power Review).
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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