Sunday, 1 January 2017

Happy New Year 2017

Hope the climb up the ladder of success is smooth and free of obstacles for you in this year.May success chase you as you move forward ambitiously towards achieving your goals in 2017.
Wish you a very Happy and prosperous New Year!!!

IST Family 

Monday, 26 December 2016

IST-Magazine India Sets Year-on-Year Targets to Reach Ambitious 2022 Solar Goal

India Sets Year-on-Year Targets to Reach Ambitious 2022 Solar Goal

In 2014, India’s Prime Minister Narendra Modi announced a goal to increase solar power      capacity to 100 Giga watts (GW) by 2022—five times higher than the previous target. The 2022 target is extremely ambitious (the world’s total        installed solar power capacity was 181 GW in 2014) and would make India a global leader in renewable energy. Moreover, Piyush Goyal,   India’s Minister of State (IC) for Power, Coal and New & Renewable Energy, recently said that  India aims to achieve its 100 GW solar target as early as the end of 2017.

India’s total installed solar power capacity stands at 5.8 GW, so the country will need to significantly ramp up the pace of solar capacity additions, from an average 4 GW per year to 15+ GW per year to meet the 2022 target.  Critics have been skeptical, citing hurdles like poor transmission infrastructure and lack of  access to finance. Yet recent signs show that the country is starting to make serious progress on how it will achieve its lofty solar goals.

According to the targets, India will add 12 GW of new solar power capacity this fiscal year, and add 15 GW and 16 GW of new solar capacity in FY2018 and FY2019, respectively. This will also bring the country closer to the government’s commitment of providing 24-hour electricity to all Indians by 2019.

Next Steps

Although India is on track to achieve its annual solar capacity addition target for this financial year, the government will need to do more in subsequent years to ensure that its targets are met. This is important not only for its solar commitment, but also for its national energy and climate change commitments–installing 175 GW of total     renewable power capacity by 2022, and increasing the share of non-fossil-based power    capacity from 30 percent     today to about 40 percent by 2030 (with the help of international support). While the     Indian government has taken positive steps to support the supply of solar on the grid, it should now also focus its  attention on the demand for solar energy, by developing solutions that provide the    private sector with access to affordable solar. These        solutions must support        distributed and off-grid        generation systems, as well as the adoption of storage      technologies—both of which are necessary to reach India’s    ambitious solar goals.

Written by: IST Team Member


IST-Magazine IST Strength-Roadmap in The Field of Solar Energy

Booming Solar Energy Market in INDIA
IST E-Magazine | December, 2016
IST Strength & Roadmap in The Field of Solar Energy
Mr. Tanay Sarker, Dy. Manager, IST Howrah

Institute of Solar Technology (IST) is an ISO 9001:2008 certified academic and research-oriented &     Entrepreneurship Development autonomous institution, a unit of Global Advanced Training & Educational Trust (GATE Trust) Reg. under NCT New Delhi, Govt. of India, NITI Aayog (NGO-DARPAN) Govt. of India. GATE Trust is a non-profit educational organization to empower people, communities, and businesses worldwide.

IST is listed among Top 10 Renewable    Energy Training Institutes in India under NIWE, Govt. of India and also an organizational member of Solar Energy Society of India (Indian Section of International Solar Energy Society).

Institute of Solar Technology is Organizational Member of Solar Energy Society of India, (the Indian Section of the International  Solar Energy Society (ISES)). 
Its interests cover all aspects of renewable    energy, including characteristics, effects and methods of use, and it provides a common ground to all those concerned with the nature and utilization of this renewable non-polluting resource.
IST is direct Training Provider for:
National Institute of Entrepreneurship and Small Business Development (NIESBUD)   under Ministry of Skill Development and   Entrepreneurship, Govt. of India.

NIESBUD ( Ministry of Skill Development &      entrepreneurship, GOVT of India ) - In order to       promote entrepreneurship / self-employment among the youths as per policy of Govt Of India , so that more and more students may take up self-employment to contribute to the GDP of the country

IST offer NESBUD Training Programmes like:
· Entrepreneurship Development Program
      on Start up and for professionals.
· EDP on Solar Energy
· EDP on PV System Simulation and
      Monitoring system for Entrepreneurs

Today, Entrepreneurship Development Program is one of the key elements for the promotion and start up of Micro and Small Industries/Enterprises, contributing in Start-Up-India      Mission.
IST aims to create employment for individual through entrepreneurship.

Hence, entrepreneurship development has been one of the priorities is not only in India but also all over the world. The focus is on entrepreneurial development coupled with specific skills relating to PV solar sector, which enables the trainees to start their own ventures.

IST Comprises of top delegates as an Advisor from National and International level like India, London, USA, Tanzania, Singapore etc. who plays a crucial part for the development of IST till date. IST Content Development are on the hand of   National and International Experts.

All the trainers at IST India are Government of India Certified Trainers.

Welcome to IST and become IST  Family Members !!!!

IST-Magazine Youth Employment and Entrepreneurship

Booming Solar Energy Market in INDIA
IST E-Magazine | December, 2016
Youth Employment and Entrepreneurship
Mr. Dev Prakash, IST Legal Advisor, LLB, CS
Entrepreneurship and innovation are critical for the growth of any economy, in an increasingly competitive world. The secret behind developing economy to a developed economy is nothing but entrepreneurship and innovation.

Entrepreneurship become even more critical for India as its demographic    dividend can only be realized with rapid creation of employment and income generation opportunities. Global experience shows that, apart from creating wealth and boosting the economy, new businesses also create disproportionately more jobs than established ones.

Israel has very little natural resources but is considered a part of the developed world, driven by the strength of its entrepreneurs. Historically, India was considered an innovation driven country, at the forefront of trade, mathematics, astronomy and philosophy. Not surprisingly we accounted for almost 25 % of world GDP barely 300 odd years ago, arguably the largest in the world. Colonization and missing the Industrial Revolution brought us down to 2% of global GDP by 1947. By the beginning of 1990’s, with virtual bankruptcy facing the country, India’s share of world GDP was down to 0.2.

One of the important factors for this downside growth story of Indian economy was the environment Prior to 1991, when entrepreneurship was very quiet in India. Success in Indian    business organizations was largely reliant on understanding of the bureaucratic system, and utilizing licenses, ambition, and government contacts etc. Many decisions were based on social   connections and prior relationships, rather than the actual business function itself. There were fewer success stories about Indian startups making it big, and capital was limited for these types of business empire.

In 1991, the Indian government liberalized the economy, thus significantly transforming the     competitive landscape. Family businesses, which earlier dominated Indian markets, faced         competition from multinationals that had greater technology, more financial freedom and        managerial talent pool. Globalization brought countries together and created entire world market. The world next moved into a ‘Technology Era’. Technological revolution led to progress in all fields and all societies and connected even the places that were isolated. Indian businesses too had to change their focus and re-orient their outlook outward. However, progress and complexities go hand in hand. One of the major challenges faced by most of the countries in the world today is to do with unemployment. The unemployment rate is growing at an alarming speed and India is not an exception. Today, a lower grade employee in a government organization is paid much better than one who is MBA/ MSC/ MA/ B.Tech etc. Unemployment is pushing our highly qualified    graduates’ steps back and they feel de-motivated and sometimes they are involved in unlawful  activities.

In some of the countries entrepreneurship is being recognized as a promising treatment and is    being actively promoted by Govt., Society and various agencies. Entrepreneurship in any society is a sign of progress. If endorsed enthusiastically, entrepreneurship can help sustain growing     economies; integrate unemployed individuals into the workforce besides leading to overall  development of  society. Entrepreneurship development is one of the most powerful weapons to create a positive and long-lasting change in our society. In India, good knowledge is not disseminated about what entrepreneurship is, how we can develop entrepreneurship, and how we can start and run successful companies towards a better and self-reliant society. Besides, society at large is not aware about the merits of being a good entrepreneur. Entrepreneurship is what entrepreneurs do and Entrepreneurs are those who take initiatives and possess never say die approach in achieving their business objectives. Entrepreneurship comes in many different forms. Being an entrepreneur is not necessarily just about launching and running a business, it is about developing the entrepreneurial mindset, which is useful to anyone who is part of an organization.

It is the mindset of looking at problems as opportunities and utilizing resources effectively and     efficiently. This mindset encourages risk-taking, creativity, innovation, and unconventional thinking. Whatever the nature and height of problem, entrepreneurs will find a way towards better solutions even if they are short of resources.

        Good Entrepreneurs are found anywhere irrespective of gender, culture, age, nature and size of   business, education etc. The United States and China are leading with the number of billionaires on earth and those are mostly concerned with the big business empires. The Information          Technology concerned businesses in United States has been the inspiring force for youth             entrepreneurship and created billionaires in Bill Gates, Warren Buffet, Steve Jobs to Google’s Sergy Brin and Larry Page to Face Book Cofounder, Mark Zuckerberg and many more. There are similar such stories in other   countries too covering different domains of business. India is also home to ever increasing number of inspirational entrepreneurs. Inspiring stories in India like Dhiru Bai     Ambani, Karsanbhai Patel, Azim Premji, Narayan Murthy etc. have been bedrock for many to       develop belief and start business on right path. However, the need of the day is to create many more rising business stars and make available the opportunities for society especially youth to dream big and try their hands at entrepreneurship. Building an environment that significantly      promotes entrepreneurship calls for effective strategy    implementation and involvement at all    levels including Government, industry, political, social as well as educational sectors. The policies at all levels need to encourage and provide opportunities as well as assistance and environment to give impetus to entrepreneurship. Policy regulations will need to engage the business, banking,          educational and other sectors to be able to deliver improved and     definitive steps to encouraging and aiding entrepreneurship.

      Industry as a social responsibility can create a very strong platform to help develop the youth and give them the support and guidance as well as opportunities. In schools, colleges and universities, there is little or no focus on developing leadership skills in students, promoting awareness and giving them training for entrepreneurship. Through proper linkages with the industry they should not only design the course but also increase more practical trainings to build the business confidence. Top educational institutions as IIM’s, IIT’s and Universities like ITM University Gwalior etc. have been successful with their incubation centers which have led to the significant development of entrepreneurs. Colleges and universities must start such incubation centers which will facilitate entrepreneurs from idea generation to execution with   required support. Graduates in order to       develop right entrepreneurial spirit need to be more efficient, practical, and productive. The        students need to develop spirit and self-belief. We are all inherently creative. The only time when we are not is when we allow our natural abilities to be clouded. Other biggest limitation faced by each and every promising entrepreneur is the lack of financial and funding support as well as guidance       required to incubate new business. Banking and financial assistance should be made available easily and this can happen only with the active support and engagement by the Government. The societal environment too needs to be supportive, more practical and entrepreneurial. In Kashmir, the social and cultural outlook of the society discourages initiatives and entrepreneurship. Mostly society     expects the youth to obtain education that enables them to get a job and earn salary to support the family. Society must accept that instead of finding a job,  a graduate,  Engineer or an MBA etc. can use skill set to open up his/her venture, which will not only result in mental satisfaction but also  reward in terms of better economic gains. They would not only be able to contribute economically but also lead to vital job creation, which will enhance the inclusive growth and development of society at large. Growing and developing the next generation of entrepreneurs is vital for our survival and prosperity. In order to solve a long list of social problems that we face, we need to support those who will solve these problems. That is why entrepreneurial development can become a greater strength for our society.

        However, economic liberalization initiated in 1991 appears to have revived the old DNA.     Business and industry rebounded. The stagnant and sluggish early single digit rate of growth zoomed to almost double digits. The last two decades have given us a glimpse of what entrepreneurship can do for the country. In barely 20 years, the Indian IT services industry, driven by first generation,     middle class entrepreneurs, has grown from its early stages to around Rs 4.5 lakh crore ($88      billion), creating 117 lakh (11.7 million) jobs- 28 lakh (2.8 million) directly and additional 89 lakh (8.9 million) indirectly, and accounting 25% of our exports, and 7.5% of our GDP10.

IST Magazine Interview with Mr Surya Jeedigunta

An Interview with Mr. Surya Jeedigunta
Adviser of IST, Head of Business Development at SNJ SOLAR Energy Solutions LLP
Experience in developing solar market, MegaWatt Project Planning & Project  Implementation.
Coordinating with Renewable Energy Departments MNRE , IREDA . SOLAR Energy  Centre , State Nodal Agencies, international agencies.

An engineering graduate who is willing to enter into the solar energy field as a startup entrepreneur, what kind of advice you would likely to give him?

I would start by saying, don’t look at the energy sector limited to power    generation. We are entering into age where information is the new currency in Energy.
Smart Grids, Energy storage, EV’s, data analytics are going to change the Power Landscape completely. This is a good time to enter and if you want to make a dent in these areas. To succeed, it is important to study the market thoroughly, build solutions that solve problems. Create your own niche area that you are interested and enjoy building your venture.

Most of the startup entrepreneurs are the system integrators, What type of business model would be best for them?

Most of the start-ups in the solar space are in the area of system integrator as it is less capital intensive and easy to start. But gaining traction and scaling up is difficult in this space as initial capital costs are high for solar systems even though operation costs are minimum. This led to some innovative financial models such as RESCO and Lease model where the customer doesn’t pay for the system and only pays for the power that is consumed.

What is your outlook for the Indian solar market at the central level, state level, RPO and off grid markets till 2017 and beyond?

While the outlook for solar is positive, given the strong support from the government and robust projects in the pipeline there are also significant bottlenecks such as high interest rates,  and debt ridden DISCOMs unable to go for fresh PPA and float new tenders. To address this issue the govt. has come up with UDAY scheme to clean up the balance sheets of these DISCOMs and improve their credit rating.
A RPO target of 10% by 2022 is intune with the Govt. goal but it is the DISCOM’s that needs to honor their commitment.
The Off grid segment started looking attractive as the grid connected MW scale segment beginning to feel the strain of low PPA.  Cell towers, Mini grids and Street lights are the segments to watch out for.

At the end, IST is highly obliged to Mr. Surya who out of his busy schedule managed the time to provide us the valuable insight which actually inspire our newcomers entrepreneurs.
We hope Mr. Surya will keep guiding us in future as well.
Thanking You,
Tanay Sarker, 
Dy. Manager, IST

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