Tag: Solar Panels

Top Solar Business Ideas & Opportunities: Profitable Solar Panel Business for 2025

Sunlight is an important source of renewable energy. Solar power is the conversion of this energy from sunlight into electricity, either directly using photovoltaics or indirectly using concentrated solar power. Anyone can use solar cells to generate electricity from sunlight. Nowadays, the demand for solar arrangements as an alternate source of energy is growing tremendously.

This increasing popularity is creating huge potential for entrepreneurs to start a solar energy business. India is endowed with vast solar energy potential. The solar business in India is booming, offering great potential for investors and entrepreneurs. Starting a solar products business can be a profitable venture due to the growing demand for clean energy solutions.

India’s solar business is growing very fast. It is expected to rise from $45 billion in 2024 to $1254 billion by 2033, with a growth rate of 41.5% every year. This growth is helping promote clean energy for both homes and large power plants. About 5,000 trillion kWh per year of energy is consumed over India’s land area, with most parts receiving 4-7 kWh per sq. m per day.

Hence, both technology routes for the conversion of solar radiation into heat and electricity, namely, solar thermal and solar photovoltaics, can effectively be harnessed while providing huge scalability for the solar energy business in India. Therefore, starting a solar energy business is a lucrative opportunity for entrepreneurs. Opportunities in solar industry include innovations in energy storage, installation, and solar panel manufacturing, all contributing to a sustainable future.

Solar Photovoltaic Energy Capacity in India From 2013 to 2023

If you are interested in making money from solar energy-related business ideas, then here are some of the best solar energy business ideas that can set you above the competition.

Solar Business Ideas

S. No.	Business Idea	Investment Range	Scope / Profitability
1	Selling Solar Products	INR 1–5 lakhs	High demand in residential and rural areas
2	Solar Products Distribution	INR 5–10 lakhs	Wide B2B potential, scalable
3	Solar System Repairing & Maintenance	INR 50K–2 lakhs	Low cost, recurring income
4	Solar Energy Auditing	INR 2–4 lakhs	Profitable in urban/commercial zones
5	Starting a Solar Farm Business	INR 50 lakhs–5 crore	High investment, long-term returns
6	Solar Consultancy	INR 1–3 lakhs	High-margin service business
7	Solar Product Marketing	INR 50K–2 lakhs	Low investment, flexible model
8	Solar Panel Cleaning	INR 20K–1 lakh	Low entry barrier, growing need
9	Solar Blogging	INR 0–50K	Content-based passive income
10	Starting a Solar Energy Training Institute	INR 5–15 lakhs	Growing education niche
11	Solar Panel Installation Business	INR 3–10 lakhs	Strong and consistent demand
12	Solar Power Generation	INR 25 lakhs–5 crore	Long-term returns, government-backed
13	Solar Water Pumping	INR 1–3 lakhs	High rural/agri demand
14	Solar Water Heating	INR 1–2 lakhs	Residential and commercial use
15	Solar System Integrator or Installer	INR 2–5 lakhs	Tech-focused, profitable niche
16	Solar-Powered Lighting Solutions	INR 50K–3 lakhs	Huge potential in rural electrification
17	Solar-Powered Mobile Charging Stations	INR 30K–1.5 lakhs	Great for events, remote areas
18	Solar-Powered Home Appliances	INR 2–4 lakhs	Growing urban and tier-2 demand
19	Solar Energy Software Solutions	INR 5–15 lakhs	Niche and scalable tech business
20	Solar-Powered EV Charging Stations	INR 5–25 lakhs	Future-ready business with huge upside
21	Solar Cold Storage Solutions	INR 10–30 lakhs	High need in agri & pharma sectors
22	Solar Microgrid Solutions	INR 15–50 lakhs	Great for remote villages and islands

Selling Solar Products

Billions of dollars of solar PV, solar thermal systems, solar attic fans, solar cooling systems, etc., are sold each year, not to mention all the parts that are required to build and operate such installations. In addition to that, solar lights, solar gadgets, solar rechargers, and a growing list of related products. Clearly, you have a lot to choose from.

Solar Products Distribution

If you can’t go into the manufacturing of solar panels, then one of your best bets when it comes to starting a solar energy-related business is to engage in the sales and distribution of solar panels. Just ensure that you network with solar panel manufacturers both within and outside your country and that you position your business in the right location. Starting a solar product distribution will require less investment and can be started by anyone.

Solar System Repairing & Maintenance

This is an aftermarket service-based business. After the installation of the solar project, it demands regular maintenance, checks, and repairs. Therefore, offering repair and maintenance services is a lucrative business to start in the solar industry. However, the business demands both technical and networking skills. Also, it is a low-cost startup opportunity.

Solar item repairing is one of the most profitable solar business opportunities in India.

Global Rooftop Solar Photovoltaic Market Share

Solar Energy Auditing

Another service that is growing in demand is conducting solar energy audits. Basically, in this profession, you will have to make recommendations on how people can reduce their electrical consumption. This is a highly knowledge-based solar business opportunity. As a solar energy auditor, your primary responsibility is the determination of the energy requirement. This is the basic requirement when anyone wants to install solar energy panels.

However, an auditor is actually a salesperson, marketing conservation and renewable energy resources, offering people a way to control energy consumption. The business demands very small startup capital to commence.

Starting a Solar Farm Business

Solar Business Ideas - Solar Farm Business — Solar Business Ideas – Solar Farm Business

An average person is familiar with solar panels mounted on the rooftops of houses, but the truth is that both the solar panels in our homes and solar farms serve the same purpose, but in varying degrees. Installing solar panels for business helps reduce energy costs and promotes sustainability.

The solar panels in our homes are single panels mounted on the roof that get energy from the sun and convert it into Alternating Current (AC) for use in the house, while solar farms, which are also known as Photovoltaic Power, are large areas of land where solar tracking towers are mounted to provide power to a community. Using solar panels for a small business is a smart way to cut electricity costs and increase savings.

Turning Farmland Into Solar Farm – PM Kusum Yojana

Solar Consultancy

Solar energy consultants supervise, monitor, and make recommendations when a solar installation project is being/about to be carried out. A lot of people would like to know if it makes sense to install solar on their property. Additionally, people look for a professional opinion that looks at the various options and guides them through the entire process.

If you have experience in developing solar projects, starting a solar project consultancy can fetch you good returns. You can work independently or together with like-minded consultants.

Solar Product Marketing

Becoming a solar product marketer is also a smart business idea. Some of your responsibilities will be to introduce business owners to the benefits of switching to solar energy as a source of power. You may do this as an independent solar product seller or as an affiliate of a solar installation company.

Solar Panel Cleaning

There is a growing need for cleaning solar panels in the solar panel business. It is observed that dirty panels do not work as efficiently as clean panels. The solar panel cleaning business can be started with very low capital. It is one of the most profitable solar panel business ideas.

Solar Blogging

Blogging on solar energy-related topics is one cool way of starting a solar energy-related business. Blogging is all about creating useful and perhaps educational content for a target audience on the internet. If you think that you have good knowledge of the solar energy industry, you can make money by sharing your knowledge with a wide range of audiences via your blog.

If you take a keen interest in solar-related matters and are looking forward to earning money from your home, starting a blog is worth considering.

Starting a Solar Energy Training Institute

Education and training are the keys to any industry, which is why you can find specialized universities like oil and gas universities, marine universities, and film and art colleges. So, suppose you are looking to start a business in the value chain of the solar energy industry. In that case, one of your options is to start a specialized solar energy university or training institute.

Solar Panel Installation Business

Starting a solar panel installation business means learning the necessary skills and getting certified while forming good partnerships with solar panel suppliers. In these solar panel business ideas, you’d offer services like checking sites, designing personalized solar systems, and installing them efficiently. To succeed, you’d need a strong plan to tell people about the money they can save and the good things it does for the environment. Keeping up with what’s happening in the solar energy industry, like new trends and government support, is important to offer the latest solutions and stay competitive.

Solar Power Generation

In India, a big opportunity for a solar business is to generate solar power. The government wants to produce 500 GW of solar power by 2030, so there are lots of new solar power plants everywhere. If you want to start a business, you can either create your own solar power plant or invest in existing ones. This not only helps the environment but also gives a good opportunity to make money. Just make sure to keep up with new technology and government rules to stay successful in this changing market.

Solar Water Pumping

In India, farmers need a lot of water for their crops, but electricity is not reliable in many places, making it hard to pump water. Entrepreneurs can help by setting up solar water pumping systems, which are reliable and affordable. This not only solves the farmers’ problem but also helps India use clean energy for farming, making it better for the environment. By bringing solar water pumping systems to areas with unreliable electricity, entrepreneurs can make farming easier, more dependable, and environmentally friendly, benefitting both farmers and the planet.

Solar Water Heating

Solar water heating systems use the sun’s energy to warm up water, providing a cheap and eco-friendly solution for homes and businesses. Entrepreneurs can take advantage of this opportunity by setting up these systems, helping both their businesses and the environment. As more people care about being green, the demand for these eco-friendly solutions is increasing, making it a smart and timely business choice.

Solar System Integrator or Installer

If you like fixing things and know a lot about technology, you can choose to be a solar system installer. Your job will be to help people by setting up solar systems in their homes or businesses. To do this, you’ll need to work with companies that sell solar systems and figure out which places need them by asking around.

Being a solar installer isn’t a solo job, so you’ll need a team of people who are also good at technical stuff, and they should have the right certifications. Starting this job will cost you around fifty thousand to two lakhs, and you’ll get paid for each project you complete.

Solar-Powered Lighting Solutions

Another innovative business idea is offering solar-powered lighting solutions, such as manufacturing or distributing solar streetlights, garden lights, or indoor lighting systems. With the growing focus on energy efficiency by municipalities and businesses, the demand for solar-powered lighting is steadily increasing.

Solar-Powered Mobile Charging Stations

In areas with unreliable electricity access, there is a growing need for alternative power sources, especially for charging mobile devices. Entrepreneurs can tap into this demand by setting up solar-powered mobile charging stations in public spaces, at events, or in remote regions. Pairing this with a solar panel business—offering the sale, installation, or maintenance of solar panels—can create additional revenue streams.

Solar-Powered Home Appliances

Making or selling solar-powered home appliances is a smart business idea for the future. Products like solar cookers and solar-powered air conditioners are popular with eco-friendly consumers who want to lower their carbon footprint.

Solar Energy Software Solutions

Integrating technology with solar energy systems creates opportunities for software solutions. Entrepreneurs can develop tools for monitoring, optimization, and management, including performance analysis, energy forecasting, and remote system tracking.

Solar-Powered EV Charging Stations

Strategically placing charging stations in urban areas or along highways and partnering with EV manufacturers boosts visibility and profits. This approach positions entrepreneurs at the intersection of two growing industries: solar energy and electric mobility. These stations harness solar power to charge EVs, reducing reliance on traditional grids.

Is Solar Business Profitable in India?

The solar business is a good way to make money in India. The government offers subsidies that help lower the cost of installing solar systems. Even though the setup cost might seem high at first, people save a lot on electricity bills—some even pay nothing! So, solar is not just good for business owners but also helps customers save money in the long run.

Solar energy is becoming more popular in India, and the government is helping by promoting it and reducing prices. There are many ways to earn in this field, like selling, installing, or maintaining solar systems.

Because solar energy has many benefits, the future of this business in India looks bright. The government supports clean energy, which means more business and job opportunities. As more people start using solar power, there will be a bigger need for solar services.

If you’re thinking about starting a solar business, now is a great time. Costs are coming down, the demand is growing, and the support from the government makes it a smart and profitable choice.

Conclusion

To sum it up, the solar business opportunities discussed in this article offer great chances to make money while helping the environment. Whether setting up solar panels or developing cool ideas like solar consultancy, these solar business opportunities don’t need much money. They fit well with the growing interest in clean energy, giving entrepreneurs a way to make a difference while earning profits. As the world keeps moving towards cleaner energy, getting into solar energy businesses makes good business sense and supports the planet. The solar power business ideas we’ve shared are like doors opening for people who want to start something in solar energy, bringing both business success and a positive environmental impact.

FAQs

“Solar business” encompasses companies working with solar energy, from manufacturing panels to installing systems and generating power.

What are the various business opportunities in solar energy in India?

Business related to solar energy are:

Selling Solar Products
Solar Products Distribution
Solar System Repairing & Maintenance
Solar Energy Auditing
Starting a Solar Farm Business
Solar Consultancy
Solar Product Marketing
Solar Panel Cleaning
Solar Blogging
Starting a Solar Energy Training Institute
Solar Panel Installation
Solar Power Generation
Solar Water Pumping
Solar Water Heating
Solar System Integrator or Installer

What is the biggest solar panel company?

Tongwei Solar is the biggest solar panel company.

Which are the best solar companies?

The best solar companies are:

Sunrun
ADT Solar
Freedom Solar Power
Blue Raven Solar
Momentum Solar
SunPower
Tesla Energy

How to make money in solar business?

Make money in the solar business by offering services like solar panel installation, consultancy, or developing innovative solar solutions.

Which country uses the most solar energy?

China leads in the Solar energy usage.

Which country is the largest producer of solar energy?

The largest producers of solar energy are:

China
United States
Japan
Germany
India

What is the solar panel trading business?

A solar panel trading business involves buying and selling solar panels to consumers, installers, and businesses, capitalizing on the growing demand for renewable energy.

May 29, 2025

Know How Loom Solar became the Leading Solar Panel Company
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Loom Solar.

As a developing country, India is facing many challenges, and no electricity supply for 24×7 is the biggest challenge for the government. With the introduction of new renewable solar energy, it has become easy to “Generate and own your electricity”. This energy is now affordable and compared to any other energy source and it’s green, clean, and sustainable.

Loom Solar is India’s leading solar panel company founded by the Brother duo Amol and Amod Anand. Let’s get a glance at Loom Solar Success Story, Business Model, Products offered, Revenue, Growth, Startup Idea, and more…

Loom Solar – Company Highlights

Startup Name Loom Solar

Founders Amod Anand, Amol Anand

Founded 2018

Headquarter Faridabad

Sector Solar Industry

Website loomsolar.com

Loom Solar – About and Vision
Loom Solar – Founders and Team
Loom Solar – Products and USP
Loom Solar – Market/Industry Details
Loom Solar – Startup Idea
Loom Solar – Name and Logo
Loom Solar – Business Model and Revenue Model
Loom Solar – Revenue
Loom Solar – Startup Launch and Customer Acquisition
Loom Solar – Startup Challenges
Loom Solar – Marketing Strategy
Loom Solar – Funding
Loom Solar – Competitors
Tools used by Loom Solar to run Business
Loom Solar – Achievements and Recognition
Loom Solar – Growth and Future Plans
Loom Solar – FAQs

Loom Solar – About and Vision

Loom Solar is India’s No.1 leading solar company based in Faridabad, Haryana. It was Started in 2018. The company is well-known for its clean energy field. It is an ISO 9001:2015-certified company and a government-recognized startup in India. Loom Solar specializes in the manufacture of high-quality solar panels, inverters, batteries, and related solar products for the residential, commercial, and industrial sectors. Their products are known for their durability, quality, performance, and latest technology. The company has an extensive network of dealers and distributors spanning 500 districts in India and 3,500 dealers. Supported by a team of 100 employees, the company operates two offices and a single manufacturing unit.

Loom Solar’s Vision: To become the most popular and trusted brand in solar by 2025.

Loom Solar – Founders and Team

Loom Solar Founders & Teams

Brothers duo Amol Anand and Amod Anand are the Founders of Loom Solar.

Amol and Amod worked in corporate for almost 10 years. Thus, they have celar understanding and experience on business dynamics like how business process works, how to launch a product or how to do digitial marketing.

Amol Anand (Co-founder, Loom Solar)

Amol Anand is passionate professional worked in multiple MNC and Industries such as Telecom, Real Estate and Home Electrical companies before starting up the start-up LOOM SOLAR. He is a learner and MBA Graduate and from IMT Ghaziabad, He looks after Sales and marketing Division at Loom Solar

Amod Anand (Co-founder, Loom Solar)

Amod Anand is a MBA graduate from IMT Ghaziabad and has worked in Diversified role at in across Telecom and e-Commerce across multiple MNC, he spent more than 5 years in Bharti airtel building up the Mobile business. He Looks after Finance and Operations at Loom Solar.

Working Culture of Loom Solar:

Loom Solar is managed by professional leaders who have immense experience and expertise in this domain. The company looks forward to hire builders who can build a full-proof system, process, and team that can sustain for the next 25 years.

A detailed journey for all the reader

When Amol used to work at Luminous Technology Private Limited, he found that people were not much aware of solar energy. When Amol investigated it, he noticed three major problems with the use of solar energy in the country.

People don’t have much knowledge about solar energy.

Solar products were not available much.

Solar technology was outdated.

To aware people more about solar energy, both brothers duo started their company known as Loom Solar. It was founded in 2018 and started with the idea of providing a power supply to everyone.

Since the start of the company, Loom Solar has achieved recognition and awards.

• Golden Bridge Awards 2019

• Amazon Smbhav 2020

• Startup of the Year 2021

• Energy Business of the Year 2021

• Tie-Lumis Award 2022

• e4m D2C Award 2022

• Red Herring Award 2022

10 Solar Business Ideas That Can Set You High Above The Crowd!

Sunlight is an important source of renewable energy. Solar power is the
conversion of this energy from sunlight into electricity, either directly using
photovoltaics, or indirectly using concentrated solar power. Anyone can use
solar cells to generate electricity from sunlight. Nowadays, the demand…

StartupTalkyRishita Jain

Loom Solar – Products and USP

Products – there are two types of solar panels in the existing market.

1) Poly crystalline panels – traditional technology, lower efficiency, bigger size and every company was selling it.

2) Super High efficiency panels – Latest technology, higher efficiency and compact size (none of companies were focused)

Loom Solar introduced Super high efficiency solar panels to differentiate itself in the Indian market form its competition. Across the globe Poly crystalline technology is widely used (98%) and only (2%) brand use Mono crystalline panels.

Super high efficiency panels generates power in cloudy weather too, under low sun light too and efficiency of power generation is more than 20% from old technology (poly)

Loom solar panel

How does the Loom Solar Product work?

Once the solar panels are installed at the rooftop of house, it starts generating DC electricity. Then, with the help of inverter the electricity is fed to home. If, it gets excess then it is fed to discoms.

Loom Solar USP-
1. High Efficient advance technology : In India, more than 95% installation is done using poly crystalline technology. In Year 2018, Loom Solar was the first company who introduced 340 W mono crystalline panel in Indian Market and later on upgraded to 375 W.
2. Due to intense competition in the market, all major player launched this mono panel module.
3. Again LOOM SOLAR launched new technology based high efficient shark module 430 watt in year 2021.
4. Due to Advance Product Features, Design, Capacity and high efficiency, this product is unique and not available in Indian Market
5. Loom Solar is available on all platform offline (Channel Sales), online (amazon/flipkart/loomsolar) and GEM Portal
6. Loom Solar offers solutions to customer instead of product components.
Loom Solar – Market/Industry Details
- Loom Solar Industry: Solar Energy
- Target Market Size: 1,00,000 Cr in the year 2020 (Government has set a target to achieve 40 GW by the year 2022)
- As per Mordor Intelligence Report, The Indian solar power market is expected to grow at a CAGR of more than 40% during the period 2020-2025.
- According to IRENA, India had a total installed capacity of more than 34 GW of solar PV. Moreover, India is endowed with a very vast solar energy potential. The average solar radiation incident over the land is in the range of 4-7 kWh per day. Solar power played an almost non-existent role in the Indian energy mix until 2007.
- Solar energy is becoming inexpensive in comparison to other conventional energy sources due to innovations in the solar sector.
Renewable Energy Market, Size, Growth Trends and Forecasts

India is furnished with vast solar energy potential. Solar is the most secure
source of energy because it is abundantly available in nature. Solar power is
the fastest developing industry in India. Solar power is a renewable source of
energy. It is the power produced by the sun’s light. The solar en…

StartupTalkyAditi Chawda

Loom Solar – Startup Idea

The idea of Loom Solar striked to Amol while working at Luminous Power Technology as the product manager. He realized that solar energy and its benefits are far more than he imagined. After doing intense research on government policy, target, and current status in India, the brother duo found an untapped opportunity in the market i.e. ‘Nobody started this on a large scale for the residential market’. Thus, Loom Solar was idealized.

For any company to start up, there are 3 things:
- Differentiating product
- Reach – Distribution
- Brand power
Loom Solar introduced Super high-efficiency solar panels to differentiate itself in the Indian market from their competition. Across the globe Polycrystalline technology was widely used (98%) and only (2%) of brands use mono-crystalline panels.

Distribution: Loom Solar focused on large buildings in digital and offline channels; It started operations across India with a focus on making products available near to customers. The strategy to deliver products across India including villages in 3 days helped make its offline distribution and logistics strong. Today, Loom Solar have 1500 re-sellers across India. It does 90% of dispatch is done on the same day and delivers maximum products within SLA.

Brand: As a start-up company like Loom Solar, reaching the consumers was difficult. It started using a digital medium such as Google and YouTube to write content on the benefits of solar panel to help the environment. The team started creating videos on benefits and how to install solar panels at home. In 2019, the Loom Solar team created over 500 videos and it has been seen by 25 million users across the world. In terms of brand search, 30,000 people search about Loom Solar every month on Google.

Loom Solar – Name and Logo

Loom Solar Logo

Since the main idea of this company is based on SOLAR + while searching for a domain to launch a website, the team liked the LOOM. (as it symbolized 2 OO, that looked nice same as GOOGLE). So, therefore, Loom Solar.

Facts Everyone Should Know About Renewable Electricity Market In India

As a developing country with the world’s second largest population, renewable
energy plays a vital role in the economic development of our country. With the
fossil fuel depleting and creating more pollution causing global warming and
demand for energy increasing by the day creating electricity out o…

StartupTalkyPV Vyshnavi

Loom Solar – Business Model and Revenue Model

Loom Solar’s Business Model is Direct Sales. It sells its products directly to end user via online and offline channels. The business of Loom Solar is operated as commerce model.

The Price Range of Loom Solar Products/Services: Rs. 750 to 3 Lacs

Profitable Business Ideas To Try In 2021

Choosing the right idea for a new business in 2021 [/how-launch-new-business/] can be difficult and confusing. This task needs to be done very carefully and
one should keep in mind many things while choosing an idea for his/her new
business. One of the most important things to keep in mind when sel…

StartupTalkyYash Taneja

Loom Solar – Revenue

Loom Solar’s Revenue for 2020 was at Rs. 30 Crores. In 2019, It had revenue of 19.2 crore, whereas in 2018 Loom Solar’s revenue stood at Rs. 2.4 Crore.

Loom Solar – Startup Launch and Customer Acquisition

The team had good experience in digital marketing (organic/paid). So, they focused more on digital platform like Google. In just 30 days, Loom Solar got over 100 customers.

3 things that helped Loom Solar retain customers:
- Focus on organic growth
- Providing complete solutions to customer, and
- Serve customers well for repeat transactions.
Loom Solar – Startup Challenges

The most challenging part for Loom Solar was ‘Pricing’. Since India is a sensitive market, the founders faced the dilemma of charging either high/low than the existing leaders in the company. By providing high technology and advanced products, Loom Solar was able to tap the market with the ‘Right Price’ that suited both customer and company needs.

Loom Solar – Marketing Strategy

No Experienced centers for solar products in the local markets (3,500 shops across India, including rural areas)

Solar Awareness (they started making videos about solar products and published them on YouTube & Facebook. Now, they have 1.73L subscribers on YouTube and 1.02L followers on Facebook. They were also taking the help of the influencers to reach more people. They are reaching 100M+ people every year through digital platforms.

Solar Finance (The cost of solar system installation is higher as home and car, so to provide easy financing options. The consumer needs to pay only 20-30% down payment, and they can make flexible EMI options equal to current electricity bills.)

Engineer Visit (A solar system installation is technical homework. Most of the consumers don’t have an idea of how much capacity of the solar power plant is required for their homes and businesses. To make an easy process of rooftop solar installation, they provide an engineer visit across India. This is a paid service in which their engineer visits the consumer’s site location. Then, theybprovide a solar quotation.)

Learn Solar (This is their free training program in which any person can learn about solar. This is an online program.)

Challenges

At the time of the start, the big challenge for Loom Solar was to fight against the big brands, establish themself as a trustworthy brand, and gain customer support and trust. Achieving these things in the market was the biggest challenge at the initial stage, and making a good brand value in the solar sector and building trust among the customers.

The coronavirus made fewer people want to buy things, so stores didn’t sell as much. This happened because lockdowns stopped people from shopping in local stores. Amol Anand noticed that small businesses that make things had a hard time, especially with having enough money. But big businesses that make things already had orders from construction companies, so they weren’t hurt as much.

To gain customers’ trust, they started quick delivery of solar products and installation services. They also compete with product pricing and quality and the integrity of Loom Solar, says the Loom Solar Team.

Their biggest challenge was its limited budget. They needed to do a lot of things like promoting their product and brand, getting customers, making solar products available that people wanted, and giving them fast service. And they had to do all of this with not much money. Luckily, their team was helpful and worked hard to make the most of what they had.

Low-Cost Marketing Strategies For Startups| Low Budget Marketing Ideas

Though it’s a fact that you have to spend money to make money, especially in
marketing. However, the rise of social media and digital marketing has made it
easier and quite inexpensive to market a business. However, today, even a small
business startup entrepreneur can be creative with their marketi…

StartupTalkyNiku Mandal

Loom Solar – Funding

Loom Solar raised the funding of $2 million from Social Investment Managers and Advisors (SIMA) in the US. The funding comes through the Energy Access Relief Fund (EARF), which is backed by the World Bank, DFC, BII, FMO, IFC, and other organizations. Loom Solar is Bootstrapped.

Loom Solar – Competitors

Tata Power Solar, Havells, Luminous and Waaree are the Top Competitors of Loom Solar.

Tools Used By Loom Solar to Run Business

Loom Solar has been a firm believer in technology, from order management to service, it uses a large number of integrated tools such as Shopify, Zoho, GreytHR, Knowlarity, and ERP for day-to-day customer, employee, and supplier management,

Loom Solar – Achievements and Recognition

The following are the achievements and recognitions of Loom Solar-
1. Won Gold and Silver award in the 11th Annual 2019 Golden Bridge Business and Innovation Awards at United States of America
2. Won Fastest growing SMB of 2020 in Amazon Sambhav
3. Won Energy business of the year at Small Business Awards in 2021
4. Installed solar system in over 50,000 houses
Loom Solar – Growth and Future Plans
- Loom Solar has a capacity to manufacturers 3,65,000 solar panels a year in 2021, the capacity will be extended in coming years,
- In terms of Market, Loom Solar wants to become the category leader by 2025 with a revenue share of 10-15% in a 5,000 Cr. Residential and commercial solar Market,
- On New products, Loom Solar will keep on innovating super high-efficiency panels and could take entry into the Lithium battery market.
Loom Solar – FAQs

Where is Loom Solar’s Manufacturing unit?

The Solar panel manufacturing unit of Loom Solar is located in Sonipat Haryana.

How many people work at Loom Solar?

Loom Solar has a team of 100 people working across 3 locations in India namely the Corporate office, Warehouse, and Manufacturing unit.

How many resellers at Loom Solar?

Loom Solar has a team of 10,000 resellers working across India. Loom Solar’s established reputation and support.

Does Loom Solar export the product to other countries such as USA, Australia, Africa, Dubai, and Gulf countries?

Yes, made-in-India solar panels are in demand across the world, Loom Solar is an A-grade quality manufacturer and exports the product to many global countries.

Does Loom Solar have a Research and Development Team for new product innovation?

There is a dedicated team for R&D that brings new products for the company in Indian Markets such as Lithium battery, Solar panels, and other Accessories that are used with the Solar panels.

Who are the Founders of Loom Solar?

Amol Anand and Amod Anand are the Founders of Loom Solar.

How Much is Loom Solar’s Revenue?

Loom Solar’s Revenue for 2020 was at Rs. 30 Crores. In 2019, It had revenue of 19.2 crore, whereas in 2018 Loom Solar’s revenue stood at Rs. 2.4 Crore.

Where is the headquarters of Loom Solar?

The headquarters of Loom Solar is in Faridabad, Haryana (India).
May 30, 2024
India Shifting Gears Towards Greener Energy

As the world is continuously scouting for other sustainable forms of energy, India is also shifting from fossil fuel to renewable energy. According to a report in Invest India, the National Investment Promotion and Facilitation Agency, The REN21 Renewables 2022 Global Status Report ranks India as the fourth largest installed renewable energy capacity worldwide, considering both large hydro and solar power. The country also ranks fourth in wind power and solar power. At COP26, the country increased its initial goal to 500 GW of energy derived from sources other than fossil fuels by 2030. A fundamental promise under the Panchamrit has been this. When it comes to sustainable energy, this is the granddaddy of them all.

As of November 2023, India’s installed non-fossil fuel capacity—which includes large hydro and nuclear—was over 179.57 GW, or 42% of the country’s total capacity, a growth of 396% in the past 8.5 years. In 2022, renewable energy additions in India increased by 9.83% year-on-year, the greatest growth rate. With a 30x increase in the past nine years, the installed solar energy capacity reached 74.30 GW in January 2024. According to the National Institute of Solar Energy (NISE), India’s solar power capacity might reach 748 GWp. Since 2014, there has been an approximately 128% growth in the installed capacity of renewable energy sources, including big hydro.

In its consolidated report, IBEF, an arm of the Department of Commerce, Ministry of Commerce and Industry, Government of India, India, is anticipated to experience the highest increase in energy demand over the next several decades due to its massive size and immense potential for development and progress. Hence, renewable, low-carbon energy sources must account for this additional demand. The statement by India that it plans to reach zero net carbon emissions by 2070 and get half of its power from renewable sources by 2030 is a watershed moment in the fight against climate change.

The sector is now more appealing to investors thanks to the government’s enhanced backing and better economics. With an anticipated energy demand of 15,820 TWh by 2040, India is determined to meet its energy needs independently. Renewable energy sources are poised to play a significant role in this endeavour.

Government Pushing The Innovation
Floating PV Panels to Enhance Renewable Energy Production
National Green Hydrogen Mission Acting as A Catalyst

How India’s Largest Solar Park Will Power The Entire World!

Government Pushing The Innovation

Achieve net-zero carbon emissions by 2070; decrease the carbon intensity of the nation’s economy by 45 per cent by the end of the decade; and cut India’s total projected carbon emissions by 1 billion metric tonnes by 2030. These are a few set goals that the current government is working on. Apart from these, Solar City plans to install 57 solar parks with a combined capacity of 39.28 GW around the country, another mega project in the pipeline.

Flexing its innovative muscle, the centre also supports floating PV projects, giving the entire solar concept a technological twist. With an initial budget of 19,744 Cr (INR 17,490 Cr for the SIGHT programme, 1,466 Cr for pilot projects, 400 Cr for research and development, and 388 Cr for other components of the Mission), The National Green Hydrogen Mission was approved by the Union Cabinet. The respective medium- and long-term objectives aim to increase offshore wind power capacity by 5 GW by 2022 and 30 GW by 2030.

To better use transmission infrastructure and land, the government adopted policies in 2018 to encourage a large-scale grid-connected wind-solar PV hybrid system. Combining renewable energy sources like solar and wind can improve grid stability and mitigate the issue of intermittent power generation. With this, you can mix and match wind and solar power in a hybrid project, but remember that each resource’s capacity needs to be at least 25% of the total rated power.

Insights of the Cleantech Industry in India 2021

Cleantech industry in India has been growing at a fast pace in India. India has deployed many advanced technologies and has been investing billions for cleantech industry.

StartupTalkyPratyusha Srivastava

Floating PV Panels to Enhance Renewable Energy Production

Though this concept is not new, it is catching up in India. One kind of solar power generator that may be placed on the water is floatovoltaics, which is another name for floating solar. On a solid base, they stand. Pontoons, capable of floating while carrying huge loads, serve as floats for the floating PV system, which differs from those used in solar PV plants. Floating floatovoltaics systems rely on several components—modules, converters, cables, anchoring systems, and more—to ensure proper operation.

Floatovoltaics provides a broader variety of energy savings than solar PV systems. This is because the water beneath the floating PV is a cooling device. The theory goes that keeping the water beneath the floats from evaporating too much will lessen the likelihood of a drought in that region. Small bodies of water are generally underutilised, but this helps to change that. Because algae can be toxic to aquatic life, this helps bring the algae levels down in bodies of water.

Floating PV plants allow for better water and land management than solar PV plants. When considering how to make the most of limited resources, FPV is an excellent option. In the right hands, it can also positively impact the environment. When harnessing the sun’s energy, it also outperforms solar PV plants.

Solar Energy Capacity in India

National Green Hydrogen Mission Acting as A Catalyst

At now, India’s annual energy import expenditure exceeds $160 billion. These imports are projected to quadruple within fifteen years without corrective measures. India is poised to become a world leader in environmentally friendly hydrogen now that the National Hydrogen Mission has been approved. An initial budget of 19,744 crore rupees will cover the Mission’s various components, with 17,490 crores going towards The Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, 1,466 crores towards pilot projects, 400 crores towards research and development, and 388 crores towards other costs. The Ministry of New and Renewable Energy (MNRE) will create the scheme’s implementation instructions for each component.

Hydrogen, an element with applications in the electrical, thermal, and nuclear domains, is among the most abundant in nature. Different kinds of hydrogen energy exist, such as grey and blue. However, “Green Hydrogen Production” refers to making hydrogen energy using renewable energy sources and water sourced sustainably. Green hydrogen has swiftly gained favour due to its ability to emit negligible amounts of greenhouse gases.

Given the current climate, India may become an important export hub for environmentally friendly hydrogen products. The nation has a lot going for it when it comes to renewable energy: plenty of area to spread it out, a trained workforce, and cheap power. This sets it apart from many industrialised economies.

India may earn much money from its green hydrogen derivatives if it sells them abroad at reasonable prices. This will eventually make it easier to build up green hydrogen infrastructure. Establishing internationally accepted standards for the export of green hydrogen derivatives could guarantee that buyers get high-quality goods. Stakeholders can exploit India’s export potential by building bunkering facilities and port infrastructure and negotiating bilateral arrangements with countries that could import goods.

What is Green Tariff and How does it Works?

Green Tariffs provide access to industries that use renewable energy programs. Learn about Green Tariff, how it works, types, advantages & more.

StartupTalkySushree Sangeeta Behera

FAQs

What renewable energy sources are leading India’s growth?

Solar power is leading the way, with a 30x increase in installed capacity in the past nine years. Wind power is also significant, and India ranks fourth globally in solar and wind power capacity.

How is the government supporting the growth of renewable energy?

The government provides financial backing, improved regulations, and missions like the Solar City plan to create large-scale solar parks.

What is India’s target for renewable energy capacity?

India aims to reach 500 GW of energy from non-fossil fuel sources by 2030. This ambitious target is part of the country’s commitment to fight climate change.

April 18, 2024
How Oil-Rich Economies Now Switching Towards Sustainability?
The Middle East or the Gulf region has been basking on the oil-rich economy for ages. Since the discovery of oil (around 1908) in the region, the entire province has gone rags to riches. This development did not happen over the night as the first motor vehicles didn’t roll off the assembly line until 1908. There was a dearth of vehicles on the highway. Many ships and power stations used coal. The Middle East’s transportation, water, and sewage infrastructure were severely lacking or nonexistent in 1945. Many roads were barely dirt trails, and there were no deep sea ports for ships to offload their cargo. Many Middle Eastern nations were able to afford better infrastructure thanks to the rising demand for oil. Because of hundreds of engineering projects that were completed in the 1950s and 1960s, entire populations’ lives were changed. This was reminiscent of the work done in the 19th century by British engineers known as the Victorians. But things are changing again now that everyone is aware that the globe will quickly reach day zero if oil consumption continues at its current rate. The whole globe is on the lookout for long-term alternatives to oil in order to fight this trend. The Middle Eastern countries are likewise racing to be the first to achieve a sustainable and environmentally friendly economy.

The oil and gas industry is seeking cleantech innovations to help them transition to the energy of the future, as governments around the world are aiming for reduced carbon emissions and a larger share of renewables in their energy mix. According to a report by the International Monetary Fund (IMF), an organization that works to achieve sustainable growth and prosperity for all of its 190 member countries, It seems like major economies are dead set on finding alternatives to fossil fuels, and in response, major automakers have pledged to switch from gas-powered to electric vehicles in the not-too-distant future. An unstable adjustment may be in store for oil-dependent economies as a result of this change, which will bring the oil market in line with climate goals but may have far-reaching consequences that extend beyond their boundaries.

Mordor Intelligence projects a renewable energy industry in the Middle East with a yearly growth of 13.43% from 2023–2028. The use of more renewable energy sources is the goal of multiple government programmes. One example is the goal of the United Arab Emirates (UAE) to have half of its energy come from renewable sources by the year 2050.

MENA Region All Up For Energy Storage Race
The Domestic Impact Of The Climate Catastrophe Is Substantial
Diversification Will Come With A Price Tag

Where the Black Gold Flows: Top 10 Oil-Rich Countries

MENA Region All Up For Energy Storage Race

The magnitude of the energy revolution necessitates massive quantities of raw materials such as copper, lithium, nickel, graphite, and others. Electric cars, wind turbines, solar panels, batteries, and other vital technologies that are reducing our reliance on fossil fuels need materials extracted from the Earth’s core.

Worldwide, nations are grappling with the issue of the supply of essential resources for the energy transition being woefully inadequate in comparison to the expected demand. The World Bank’s Climate-Smart Mining team predicts that the demand for lithium, cobalt, and graphite will climb by 500%, while the demand for nickel and copper will increase by 100% and 7%, respectively.

The energy system transformation is a worldwide undertaking. Substantially important materials for decarbonisation will come from Africa. Whatever the case may be, interest in potential new mining sites is on the rise due to the global quest for zero pollution.

Starting in western France and continuing eastward through the Middle East and “Daylighting” in Malaysia, the Tethyan mineral belt spans two continents and 33 nations, providing a geological basis. The area is rich in base metals. Regardless, a lot of it has been under-investigated thus far, which makes it perfect for discovering anything new.

According to Quayle Resources’ MD Darryn Quayle, “The Belt” is a mostly uncharted region of the earth, in contrast to mining zones in Africa and the Rockies. Our research, however, points to the existence of substantial underground reserves of energy transition essentials like copper and lithium.

Leading Oil-Producing Countries Worldwide

The Domestic Impact Of The Climate Catastrophe Is Substantial

As reported by Deutsche Welle, Germany’s international broadcaster, keeping oil exports going will bring substantial money for the region, but it might endanger its very survival. Rising global temperatures are an inevitable consequence of other nations’ continued use of fossil fuels sourced by Saudi Arabia and its neighbours. Particularly hard hit will be the Gulf region.

Assuming a 1.5 °C (2.7 °F) increase on a worldwide scale by 2050, the Gulf region could see a 4 °C increase. Already, the area has experienced heat waves with temperatures above 50 degrees Celsius, and the average temperatures are significantly higher than the global average.

In certain climate change scenarios, the Gulf’s average summer maximum temperatures will surpass what is considered survivable. Dust storms will become more intense as a result of planetary heating, and low-lying regions may be impacted by higher sea levels.

How the fluctuations in Oil prices impact the economy.

There are number of causes of changes

StartupTalkyVibhavari Madki

Diversification Will Come With A Price Tag

You should know that the money tap will be turned off eventually. There are plans to develop new sources of income because the International Monetary Fund has warned that the region’s treasuries would be emptied in fifteen years due to falling oil demand.

The Saudi government is putting its money into green hydrogen production and, in tandem with the United Arab Emirates, is establishing a renewable energy industry to produce commodities like aluminium. Less environmentally friendly, it is also beginning to produce plastic and petrochemicals using its hydrocarbons.

There has been a lot of talk about the enormous economic potential of exporting solar power. Solar panels installed on one square metre of land in a Gulf country might replace 1.1 barrels of oil in annual energy production.

Renewable Energy in India – How is India Planning to Reduce Carbon Emissions?

India is leading the way in becoming carbon neutral. What are its future plans and how can companies help reduce carbon. Find out more.

StartupTalkyHarshit Verma

FAQs

What is the Tethyan mineral belt, and how is it relevant?
- This belt stretches from western France to Southeast Asia and is rich in base metals.
- It’s a largely unexplored region with potential for new discoveries of minerals needed for the energy transition.
What are the challenges of the energy transition for the Middle East?
- The region faces extreme heat and water scarcity, which could be exacerbated by climate change.
- A rapid shift away from oil could cause economic instability.
Why is the Middle East looking to move away from oil?
- The global push for reduced carbon emissions and a shift towards renewable energy sources is putting pressure on the Middle East to diversify its economy.
- Declining demand for oil due to the rise of electric vehicles and alternative energy sources could lead to financial difficulties for oil-dependent economies.
April 13, 2024
Business Model of Havells: Enlightening About How Does Havells Make Money
The Electrical Industry is rapidly growing with modern technologies. More new user-friendly appliances and the wiring in a building or the miniature circuit breakers (MCB’s) are far better and safer than the earlier ones. In today’s world, the rapid growth of industries has increased the demand for electrical goods and services. These are getting fulfilled by mega private and public sector companies.

Havells India has emerged as the leading electrical goods manufacturer and supplier in India amid all this competition among different electrical giants to become the leader. It also provides high-quality products in its category.

About Havells India
The Business Model of Havells India
What’s unique about Havells India Business Model
How does Havells India make money?
Conclusion
FAQs

About Havells India

About Havells India

Havells Products

Havells India Limited is a Noida-based electronic goods manufacturing company also called FMEG or Fast moving Electrical goods company. It came into existence in 1958. The founder of Havells was Qimat Rai Gupta. The name Havells comes from its first-ever owner Haveli Ram. At that time, Havells was restricted to the walls of Delhi as most manufacturing of the products took place in Delhi that time. Havells is also among one of the leading companies in India to manufacture and produce quality electrical goods, circuits, devices, and appliances, etc. Havells owns popular brands such as Lloyd, Standard, Crabtree, and REO.

Areas of Operation

Havells is a global brand with its footprints in nearly 50 countries on different continents. A few of the names include Dubai, UK, Sri Lanka, Nigeria, Kenya, Myanmar, Iraq, Bangladesh, Nepal, etc. In India, it has 13 state-of-the-art manufacturing facilities and supplies electrical goods to all parts of the country.

Key Products and Services

Havells manufactures a wide variety of electrical goods and equipment. From wires to large size motors, everything is available in Havells Electric empire.
1. Wires and circuits: Fireproof copper wires, different types of industrial cables, miniature circuit breakers, Industrial circuit protection equipment, Switchboards are some of the electrical goods under this category.
2. Appliances: Ceiling fans, exhaust fans, table fans, pedestal fans, and other electronics, such as air purifiers, motors, juicers, mixer grinders, and other small domestic electronics.
3. Lighting: Havells manufacture LED bulbs, professional lights, and bulbs, night lamps, etc.
4. Solar equipment: Havells India also manufactures solar inverters and solar power optimizers for sustainable energy solutions.
The Target Audience of Havells India

The key customers of Havells India are owners of small-scale industries, large-scale industries, and medium-scale industries. They require electricity for running their assembly lines or machinery. The people are willing to purchase electrical appliances for household purposes or as gifts during festivals and those builders or contractors. They are associated with mega construction projects and need bulk quantities of electrical cables and appliances. Also, the solar division of Havells deals with customers willing to install solar electronics and go green.

The Business Model of Havells India

Havells Logo

Havells always tries to integrate and bring its customers together by giving them a wide variety of choices according to their interests. Havells opened nearly 500 Havells Galaxy brand showrooms across India where customers can get a wide variety of equipment and electrical goods at justified prices. Also, Havells had created different sets or groups of electrical goods according to the sections of the society and their financial sections. The middle-class range focuses more on attracting more Customers to this financial group. It provides the customers with a wide variety of options and choices. That’s what a customer wants, ‘options’.

What’s unique about Havells India Business Model
1. The strategic approach of Havells towards its customers was the key to their success in the Indian market, where they expanded their company globally. Also, they acquired some brands that gave them extra support in building a customer base. It even assisted them in expanding even more such as acquiring ‘Crabtree,’ a UK-based switchgear brand.
2. Havells started trading for its stocks to go public as a shortage of funds was a problem for them at that time. Later on, they acquired the famous lighting brand Sylvania. But, it created some troubles for the company as they suddenly became global from local in terms of marketplace and management.
3. By providing more and more options to customers in recent years after studying the needs of the middle-class section of India, Havells sales have boosted to the next level. It’s still going on.
4. The brand’s advertisement and branding also proved fruitful in increasing customer interest. Commercial ads of the company have pushed it to some extent in terms of digital marketing.
5. Its slogans were eye-catching, attractive, and customer-friendly approaches such as ‘Bijli bachaye, Roshni failure, ‘ better light, better life, ‘ Wires that don’t catch fire’ etc.
List Of All Subsidiaries Of The Godrej Group

Godrej Group is an Indian Conglomerate company known for its consumer products. But it owns more than that. Here is a list of everything that Godrej owns.

StartupTalkyPV Vyshnavi

–

How does Havells India make money?

Currently, Havells is a leading brand in Electrical goods and services in the country. It’s also running its business globally. The population of India is the second-largest in the world. That’s a huge profit point for Havells. Havells Managed to win the hearts of Indians as an electric goods company. Many Indians trust the brand for its quality.

The key sources of income for Havells come from sales of household appliances and industrial electrical goods. The Havells galaxy provides a wide variety of products for commercial businesses as well as for home requirements. From here, it generates a lot of profiles.

In 2021, Havells reported high profits in its quarterly reports of companies performance. Due to the growing demands in the electrical consumer industry, the brand is witnessing a surge in profits under the ‘Make in India‘ program. In this, people are selecting more Indian goods over the Chinese ones.

Conclusion

From its starting till today, Havells always grew stronger despite all challenges. Today it produces a high percentage of electrical goods for the country’s development and for fulfilling household needs. In upcoming times, if the company introduces more renewable sources of electricity such as more solar solutions, it might see a huge surge in profits as the era of sustainable development is at its peak.

From small factories in and around Delhi, manufacturing in giant factories and that too with high precision modern technology shows the emergence of Havells India in the Asian region. The company’s business in Africa and other continents is also going great. It hopes to continue so that this Indian brand makes marvels overseas in the field of the electrical goods industry.

FAQs

Is Havells an Indian brand?

Havells India Limited is an Indian Consumer Electronic Products & Electrical Appliances company based in Noida.

Who is the CEO of Havells?

Anil Rai Gupta is the CEO of Havells.

Who started Havells company?

Qimat Rai Gupta was the Indian entrepreneur who founded Havells in 1958.

Is Lloyd Havells a brand?

Yes Lloyd is owned by Havells. Havells owns some of the most prestigious brands like:
- Havells
- Lloyd
- Crabtree
- Standard
- Promptec
What is the number of employees in Havells India?

There are around 5,781 employees in Havells India.
August 29, 2021
How Facebook is Planning to Bring Renewable energy to India with CleanMax

CleanMax and Facebook had recently announced that both the companies have got into a partnership to move into 100 % renewable energy in India. Let’s look at how Facebook is bringing renewable energy into India with the association with CleanMax.

About CleanMax
About Facebook
Facebook and CleanMax partnership
First Project of CleanMax and Facebook in India
FAQ

About CleanMax

CleanMax Solar is a clean energy company. The company develops rooftop solar power. It was formed in the year 2011 and has its headquarters in Mumbai, India. The company has its presence in the major parts of India.

CleanMax is said to be one of the leading renewable energy company which is pioneering in roof top solar development across India. The company has successfully installed more than 550 rooftop solar projects for more than 170 corporates.

It has a total rooftop solar operating capacity of more than 250 MW. It also operates large scale solar and wind farms for supplying clean energy to its corporate customers which is more than 450 MW.

CleanMax Website

About Facebook

Facebook is an American based social media and social networking company. The company was founded in the year 2004 and is located in California. As of 31 December 2020, the company has around 2.8 billion monthly active users.

The company’s services are available in around 111 languages and is present in almost all the countries worldwide. The company was founded by Mark Zuckerberg with his roommates and his college mates from Harvard College. Some of the important people are Chris Hughes, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, etc.

Facebook and CleanMax partnership

On 15 April 2021, Facebook and CleanMax had announced that they had got into a partnership to support the development of renewable energy in India through solar and wind energy.

Urvi Parekh who is the head of the renewable energy at Facebook said in a statement that they are excited to announce this important step which is helping them support their operations in the region, which includes their office in India, with 100% renewable energy.

Under the agreement of the partnership, both the companies CleanMax and Facebook will assemble a portfolio of solar projects and wind which will be used to supply renewable energy into the electrical grid in India.

First Project of CleanMax and Facebook in India

The first project according to the agreement between both the companies will be a 32 MW wind project. The project is expected to be located in Karnataka, India. This project will be followed by similar other projects in states where the tech giant has its operations.

It is estimated that approximately half of the project capacity has been commissioned recently and is generating power already. Urvi Parekh who is the head of the renewable energy at Facebook said that their partnership with CleanMax will enable the generation of solar energy and wind power in the near future. This will be a huge contribution to the decarbonization of the Indian electrical grid.

CleanMax is said to own and operate the projects meanwhile Facebook is said to provide long-term support by committing to purchase the complete environmental attribute certificates from the projects. These are for the near future.

The social media giant, Facebook had announced that the company has reached 100 % renewable energy. The company also added on saying that it has achieved net zero emissions for its global operations.

Andrew Hines who is the co-founder and the chief commercial officer at CleanMax has said that they have always strived to develop innovative solutions which will help their clients to achieve their 100 per cent renewable ambitions.

He also added on saying that given the constraints in sourcing power to many facilities, CleanMax is working with certain forward thinking corporations such as Facebook which will help them find creative solutions to these problems.

Urvi Parekh also added on saying that Facebook is committed towards upholding the highest standards in the environment. This is to ensure environmental sustainability across all aspects of their operations.

FAQ

What is renewable energy and examples?

Renewable energy, often referred to as clean energy, comes from natural sources or processes that are constantly replenished. For example, sunlight or wind keep shining and blowing, even if their availability depends on time and weather.

Is renewable energy the future?

Renewable energy is expected to make up 30 percent of the world’s energy by 2024, according to the International Energy Agency, and most of this is driven by solar and wind projects.

What is the best source of renewable energy?

Wind Energy, Hydropower, Solar, and Geothermal are some of the best source of renewable energy.

Conclusion

We will be able to see a lot more projects coming up in the future with the partnership of Facebook and CleanMax regarding the development of renewable energy in India and across the world.

April 25, 2021
SOLAR ENERGY MARKET: BUILDING SUSTAINABLE INDIA
India is furnished with vast solar energy potential. Solar is the most secure source of energy because it is abundantly available in nature. Solar power is the fastest developing industry in India. Solar power is a renewable source of energy. It is the power produced by the sun’s light. The solar energy invested reach of our nation was about 35,739 as of August 2020. There has been an eminent impact of solar power in the Indian energy scenario in the past few years.

India has built 42 solar potential parks to make the area available to promoters of solar plants. The solar energy installed capacity of our nation was about 35,739 as of August 2020. There has been an eminent impact of solar power in the Indian energy scenario in the past few years. India has built forty-two solar energy parks to create a realm accessible to promoters of solar plants. Rooftop solar energy is 2.1 GW, of that 70 % is industrial. By the year-end of 2015, a million solar lanterns were traded that reduced the utilization of lamp oil. 118,700 solar home lighting systems were put in, and 1.4 million solar cookers were administered in India.

India achieved the 5th global position in solar power arrangement by surpassing Italy.

Annual Solar Power Generation(TWh)

Future of Solar Power Market

The changing lifestyle of people with the increasing industrialization has made electricity a vital commodity. To decrease the concern of high electricity demand with decreasing fossil fuels, policy makers have been looking for a sustainable source of electricity generation. Solar energy is the readiest and green option available.

The report published by IMD (Indian Meteorological Department) states that The solar energy received is more than 15000 times the commercial energy consumption, and this energy is available during the day without any constraint.

According to GOGLA (Global Association For the Off-Grid Solar Energy Industry), the market for distributed solar power merchandise is expected to grow more than two-and-a-half times to Rs 10,117 crore by the year 2023. Including solar lamps, solar pump kits, and other home devices. It is estimated that the current market size for distributed solar in our country is at Rs 3,878 crore, including Rs 3,170 owned by the government and the rest by private owned entities. The sales are estimated to grow to Rs 2,617 crore in the private sector and Rs 7,500 crore in the government sector. Most of the future sales are estimated to come from lanterns with some additional services like mobile charging, radio, etc. and solar home systems. Increasing income and energy demand are the key market drivers.

Sustainable Development through Solar Energy

Investing in domestic manufacturing may help in building the supply chain, control prices, and earn foreign exchange through exports. This will help in creating job opportunities, increasing the GDP(Gross Domestic Product) for the nation.

Biogas Startups In India

Most of the Indian cities are suffering due to illegal dumping of wastes. A major part of these wastes are organic waste. Biogas technology enables us to utilize organic wastes in an effective way. Let us discuss about biogas startups in India. Some of them are given below.

StartupTalkyATHUL C K

Year Cumulative Capacity of Solar Power Units

IMPACT OF COVID-19 PANDEMIC

The imposition of a nationwide lockdown by the government to control the coronavirus outbreak harmed the whole economy. The solar industry will have immediate challenges due to the COVID-19 outbreak, such as the shortage of labor force compliance with social distancing, shortage of equipment and parts, and discrete expenditure by users. India’s solar power sector is struggling in the pandemic. There has been a decline in electricity consumption of 30% due to the lockdown of industries and markets.
China is the largest supplier of solar raw materials such as cells, glass, back sheets, frames, junction boxes, etc. Due to the coronavirus crisis, there was a long hold on the import of such items from china, the module assembling capacity of manufacturers is being affected. There may be a rise in solar module prices shortly as the manufacturers have begun experiencing raw material shortages. The prices of various components will rise because of the decrease in supply from China. Engineering, procurement, and production companies now have to bear all the variable factors from procurement of bills of material of the panel to the manufacturing and supply chain.

How will Small Businesses Survive during Coronavirus Outbreak?

Apart from being a threat to public health, COVID-19[https://startuptalky.com/tag/covid-19/] has also emerged as a threat to theglobal economy. Indian Government has put restrictions on regular movement,malls, public spaces, offices. Everything except essential things has beenlocked down. During…

StartupTalkyAshwini

Rural Electrification
- The scarcity of electricity is the main hitch of rural development. In 2004, about 80000 villages did not have electricity.
- In the year 2004 more than 5000 villages were supplied with electricity through solar power systems.
- Lighting and Lamps: By 2012, 4,600,000 solar lamps and 561,654 solar-powered lights were installed in homes.
- Agricultural Support: Solar water-pumping systems are used for irrigation and drinking water.
- By 2019 181,521 Solar Photovoltaic water pumping systems were installed in India. Low-cost solar vehicles are available for agricultural activities.
34 Business Ideas To Implement In Rural Areas [In 2020]

This post describes some incredible rural business ideas that can be launched ona full-time basis or as an afterthought. If you live in a rural area, it mayseem hard to think of business ideas. Numerous business sectors that are easilyaccessible in huge urban areas are not available in case of ru…

StartupTalkyDevashish Shrivastava

Government Aid

The Ministry of New and Renewable Energy(MNRE) installed 51 solar radiation resource assessment stations across India to create a database. India started a Rs 40 crore project to measure solar radiation. The government allocated Rs 1000 crore for the national solar mission and clean-energy fuel fund for the year 2010-2011. The government reduced import duties on solar panels by 5% which encouraged private sector companies. The Indian government also reduced the price of PV power from rs 4.43/KWh to Rs 4.00/KWh. During January 2019, the term for authorizing the production of the solar power plants was lessened to 18 months for units located outside the solar parks and 15 months for separate units from the date of the contract. In May 2020, the tariff was reduced to rs 2.90/KWh.

Top Solar Power Companies In India

Incentives By the Government
- Viability Gap Funding: The funding was Rs 1 crore/MW for open projects on average in the year 2016.
- Depreciation: 40% of the total investment in rooftop solar systems could be claimed as depreciation in the first year.
- 25% safeguard duty is imposed for 2 years from 2018 on the imports to safeguard the local manufacturers.
- Capital subsidies to rooftop solar plants up to 500 KWh.
- Renewable Energy Certificates(REC): Financial incentives for every unit of green energy generated.
- Power Purchase Agreement(PPA): Offering fair market-determined tariff for solar power.
- ISTS(Interstate Transmission Systems): Charges and losses are not taxable during the period of PPA.
- Subsidy of 70% and 30% is granted by the Union Government for hilly regions.
October 19, 2020