Ashone Solar to expand its footprint in EV

Ashone Solar is in rooftop segment and looking for an opportunity to expand its footprint in EV charging infrastructure development. The company is overcoming with recent pandemic situation as more and more clients are approaching for their rooftop solar requirement, informed Ashok Kewat, Founder, Ashone Technologiies Pvt. Ltd.

Performance of power sector in India
Power sector in India is in exponential growth mode. India will see more than US$ 100 billion investment in energy sector. The government is focussing more on renewable energy. The government policies are aimed towards making India self sufficient in power generation. New technological advancement in solar cells is making it more affordable and attractive. However, recent default on payment by discoms to power generating companies is an area of concern for the industry. Government should take immediate measures to maintain investors’ confidence in the sector.

Future of Indian power sector in 2021
The future of Indian power sector is very bright. India is ranked 6th amongst the countries making significant investment in renewable energy close to US$ 90 billion. With “Make in India” initiative by Indian government, new industry will flourish which will further fuel the growth of power sector. Power consumption is set to increase to 1,900 TWh by 2022. All state governments are taking effort to attract foreign investment in terms of setting up their plant to generate employment and economical growth. India is overcoming the pandemic and industry is coming back to its normal state. The power demand is increasing. The government is injecting more capital and moratorium incentive in the MSME sector.

How Ashone Solar is turning the tide in its favour

Breakthrough policy decision that will drive solar industry growth in India
Government policy to convert petrol or diesel vehicle into electric has changed the scenario for energy sector. To meet the demand, government plans to establish renewable energy capacity to 500 GW by 2030. With Maharashtra government policy not to levy grid support charges on rooftop solar, the industry is set to thrive in Maharashtra. This has cleared the doubts marred in the minds of solar developer in the state and given a push to green energy development.

What will drive Ashone Solar’s growth beyond 2020
Ashone Solar is expected to grow exponentially in the coming year with more and more awareness in residential consumer sector to go for green energy and save on costly conventional electricity. With addition of new talent and knowhow, the company is set to grow manifold.

Government policy to convert petrol or diesel vehicle into electric has changed the scenario for energy sector.
Ashok Kewat, Founder, Ashone Technologiies Pvt. Ltd.