 | |
| Industry | Renewable energy |
|---|---|
| Founded | 2005 |
| Founders |
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| Headquarters | Mittal Tower C-Wing, Office 55, Nariman Point, , India [2] |
| Website | www |
Astonfield Renewables Resources is a renewable energy company that builds, owns, and operates utility-scale solar power plants in emerging markets. Headquartered in Mumbai, its operational focus on India is supported by additional offices in New Delhi and Kolkata.
Astonfield was founded in 2005 by Ameet Shah and Sourabh Sen. As an early entrant in the Indian solar market, Astonfield won one of the first solar project contracts in the country under the Jawaharlal Nehru National Solar Mission. This project, a 5 MW solar photovoltaic project at Osiyan, Rajasthan, was commissioned under the Migration Phase of the National Solar Mission, which incorporated projects already under advanced development when the Mission was launched in 2009. [3]
In 2011, the United States Trade and Development Agency (USTDA) announced a series of agreements at the conclusion of the U.S.-India Strategic Dialogue to enhance trade opportunities between the two countries. Astonfield received a $719,985 grant to assist in the design and deployment of two solar projects in India. [4]
In 2010, the U.S.-India Business Council, a business advocacy organization that represents U.S. companies in India and global Indian companies, selected Astonfield’s Chief Operating Officer Aparna Doshi to their Solar Power Task Force, which was an initiative to promote trade and investment in solar power. [5]
In 2010, Astonfield was awarded the Export Achievement Award by the U.S. Department of Commerce, as well as the Global Green Award at World Trade Week NYC.
As an early mover in the Indian solar market, Astonfield’s projects were 2-12 MW in size. They are gravitating toward larger projects of 25 MW and above in the coming year. [6] [7] In July 2013, Astonfield received an A− credit rating on loan facilities for its 5 MW solar plant in Osiyan, Rajasthan, from Credit Rating Information Services of India Limited (CRISIL), a division of the McGraw Hill Corporation and whose majority stakeholder is Standard & Poor’s. It was one of the first solar plants to have received an A level credit rating in India. [8]
| Location | Type | Capacity |
|---|---|---|
| Osiyan, Rajasthan | Photovoltaic | 5 MW |
| Jhansi, Uttar Pradesh | Photovoltaic | 2 MW |
| Nayaka, Gujarat | Photovoltaic | 11.5 MW |
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India is world's 3rd largest consumer of electricity and world's 3rd largest renewable energy producer with 38% of energy capacity installed in the year 2020 coming from renewable sources. Ernst & Young's (EY) 2021 Renewable Energy Country Attractiveness Index (RECAI) ranked India 3rd behind USA and China. In November 2021, India had a renewable energy capacity of 150 GW consisting of solar, wind, small hydro power, bio-mass, large hydro, and nuclear. India has committed for a goal of 450 GW renewable energy capacity by 2030.
The energy sector in Hawaii has rapidly adopted solar power due to the high costs of electricity, and good solar resources, and has one of the highest per capita rates of solar power in the United States. Hawaii's imported energy costs, mostly for imported petroleum and coal, are three to four times higher than the mainland, so Hawaii has motivation to become one of the highest users of solar energy. Hawaii was the first state in the United States to reach grid parity for photovoltaics. Its tropical location provides abundant ambient energy.
The National Solar Mission is an initiative of the Government of India and State Governments to promote solar power. The mission is one of the several policies of the National Action Plan on Climate Change. The program was inaugurated as the Jawaharlal Nehru National Solar Mission by former Prime Minister Manmohan Singh on 11 January 2010 with a target of 20 GW by 2022. This was later increased to 100 GW by Prime Minister Narendra Modi in the 2015 Union budget of India. India increased its utility solar power generation capacity by nearly 5 times from 2,650 MW on 26 May 2014 to 12,288.83 MW on 31 March 2017. The country added 9,362.65 MW in 2017–18, the highest of any year. The original target of 20 GW was surpassed in 2018, four years ahead of the 2022 deadline.
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A rooftop solar power system, or rooftop PV system, is a photovoltaic (PV) system that has its electricity-generating solar panels mounted on the rooftop of a residential or commercial building or structure. The various components of such a system include photovoltaic modules, mounting systems, cables, solar inverters and other electrical accessories.
A photovoltaic power station, also known as a solar park, solar farm, or solar power plant, is a large-scale grid-connected photovoltaic power system designed for the supply of merchant power. They are differentiated from most building-mounted and other decentralised solar power because they supply power at the utility level, rather than to a local user or users. The generic expression utility-scale solar is sometimes used to describe this type of project.
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Vikram Solar Limited is an Indian company based in Kolkata, the largest solar module manufacturer in India with 2.5 GW module manufacturing capacity annually and the second-largest solar energy company in India by revenue. The company's primary business focus is manufacturing solar PV modules and also carries out engineering, procurement and construction services and operations & maintenance of solar power plants.
Jakson Group was established in the year 1947 as an electrical trading firm, today it is a diversified energy and Infrastructure company having expertise in Distributed Energy, Solar Solutions and Electrical EPC Solutions. Jakson is head quartered at Noida, Uttar Pradesh, India and has four state of the art manufacturing facilities for manufacturing of Generating Sets, Solar Modules and Battery Energy Storage Systems. The Company has more than 2500 persons working for the company and have a presence in India, SAARC, Middle East and African regions.
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