The blackout India experienced last month left over 700 million people without power. That – along with the fact that 40% of the population still doesn’t have access to electricity at all – is drawing attention to one American company’s plans to ramp up solar power throughout the country.
SunEdison is currently running a pilot project in some villages in India. The initiative “has changed our lives completely,” says Meerwada resident, Manohar Bai. “If our children have an exam the next morning, they can study in the evening, an option they didn’t have before. I can also operate the sewing machine at night. I can spend some hours sewing and catch up on the orders I get.”
There’s plenty of room for the company to grow in India, too.
According to SunEdison’s Rahul Sankhe, “The overall electricity requirement for the country in the next two decades, by 2030, is itself going to be close to 800,000 megawatts of total generation required to meet the growth aspirations of the country… Today we are at 200,000 megawatts. So you can see the 600,000-megawatt gap.”
Of course, since SunEdison is privately owned, there’s no way for average investors to get in on the action. However, there is another way for you to profit from the growing concerns over India’s weakening electricity grid. WSD Insiders have been clued in for a while now. Click the link for more information.