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TED Talks Daily

Inside India's astonishing solar revolution | Kanika Chawla

25 Sep 2025

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 19.336 Unknown

Tiesitkö, että joka neljäs yli 40-vuotias mies kokee virtsan karkailua? Se on todella yleistä, mutta siitä ei silti juuri puhuta. Tenamen suojat on suunniteltu erityisesti miehille. Huomaamattomat, varmat ja luotettavat. Ota tilanne haltuun Tenamenin avulla.

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29.41 - 59.161 Elise Hu

You're listening to TED Talks Daily, where we bring you new ideas to spark your curiosity every day. I'm your host, Elise Huynh. What can happen when the world's third largest energy consumer and second largest coal consumer decides to take a chance on solar? In this talk, energy expert Kanika Chawla shares the story of how India has become a global leader in solar energy and why our motivations for betting on sustainable energy solutions don't need to be ideological. Sometimes it's just good business.

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Chapter 2: What was India's commitment to solar energy in 2014?

64.696 - 84.98 Kanika Chawla

In 2014 India made a commitment to install 100 gigawatts of solar power by 2022. At the time that it made this commitment, it had an installed capacity of 3 gigawatts of solar power. So it was basically committing to doubling its solar capacity every 18 months.

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85.79 - 113.465 Kanika Chawla

The audacity of this commitment left the world divided. The world's third largest energy consumer and second largest coal consumer was betting on solar. And while many thought that this goal was unrealistic and overly ambitious, others, like me, thought it was all very exciting and potentially the opportunity of a lifetime. As it turns out, I was right.

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114.123 - 129.547 Kanika Chawla

And India reached this milestone in February 2025, becoming one of the first few countries in the world to do so, and simultaneously unlocking 90 billion dollars in investment and creating 300,000 new solar jobs.

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Chapter 3: How did India achieve its ambitious solar goals?

134.66 - 159.905 Kanika Chawla

For India, the solar revolution has become something of a gift that keeps on giving. It has catapulted India into a global climate leader, while boosting power supply in the country to end blackouts and brownouts for local communities. This is why it is committed to keep going. It is now working on a goal of 500 gigawatts of clean power by 2030.

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160.445 - 171.532 Kanika Chawla

which basically means that in 2030 every second electron used in India, be it in a household, in industry or in transport, would come from a clean power source.

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176.797 - 200.641 Kanika Chawla

Minusta tämä solarevoluutti on ollut toivon järjestelmä. Ei vain suurin piirtein, mutta myös motivaation takia. India ei soittanut solaan ideologisista syistä. Se soittaa solaan ekonomisista syistä. Oli aikaa nähdä, mitä suurin osa maailmaa näkee tänään selkeästi. Se, että renyansointi on hyvää ekonomiaa.

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Chapter 4: What challenges did India face in financing solar projects?

202.328 - 232.012 Kanika Chawla

This has been my primary takeaway from the work that I've done with a range of countries over the last 15 years. I've spent much of that time trying to answer a question that many of you may be thinking about right now, which is, the commitments are all well and good, but how are we going to pay for it? Especially in developing countries where the cost of finance continues to be high, where as much as 70 percent of the cost of a single solar electron could be from the cost of capital.

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233.041 - 258.32 Kanika Chawla

Ja toivottavasti vastaus on innovaatio. Ja kun teknologiallinen innovaatio on rauhoittanut solarenergian arvoa, jota se on kaikkein maailman maailman rauhoitunein sähköpostiin, teknologiallinen innovaatio yksinkertaisesti ei saa sitä tehtyä. Suomalaisen innovaatio on niin suuri tarina yritysmodelleihin ja markkinointiin kuin teknologiasta.

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259.552 - 272.495 Kanika Chawla

For instance, when India first made this commitment, the private sector responded with eagerness. Developers and manufacturers came readily to India's solar party. But capital remained elusive.

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273.068 - 301.773 Kanika Chawla

Much of this power that India wanted to deploy would have to be bought by its electricity utilities. And these electricity utilities have chronically been in very bad financial health. So adding large shares of variable solar, which at the time was still a bit more expensive, into their mix was not going to make their life any easier. And so they delayed payments to solar developers, putting many of them out of business and spooking investors.

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Chapter 5: How did innovative solutions contribute to India's solar revolution?

302.077 - 308.692 Kanika Chawla

This was not a great look for a country that was trying to raise 100 billion dollars of solar investment.

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309.299 - 336.569 Kanika Chawla

but the government experimented. It worked with state governments around the country to get them to demand solar power from their electricity utilities. It worked with other large consumers, like the railways, to get them to act as anchor customers for the development of new solar parks. And finally, it worked with development partners to make sure that the energy infrastructure was fortified so that more solar energy could be integrated into the grid.

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337.497 - 365.628 Kanika Chawla

This did not solve all of the problems of India's electricity utilities. But it did make sure that these utilities paid their solar bills on time. And that was enough to get capital to also come to India's solar party. So this very exciting revolution was really built on the back of some quite boring things. Things like plans and policies and business models. But this is not unique to India.

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366.117 - 390.518 Kanika Chawla

Paljon esimerkkejä maailman ympärillä, joissa maat käyttävät samanlaisia hankkeita, jotka auttavat isojen solarehankkeisiin, ovat antaneet minulle uskoa, että alueen lähtökohtaisuus voidaan käsitellä kolme erilaista tasoa. Minulle nämä ovat suunnitelma, innovaatio ja lokalisaatio.

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392.054 - 401.858 Kanika Chawla

Plansseja on oikeastaan se, mikä tekee suunnitelmia todella todella todella todella todella todella todella todella todella todella todella todella todella todella todella todella

402.871 - 423.155 Kanika Chawla

Ghana already had a net zero commitment to get to net zero by 2070. But it was in the making of this plan that they were able to look at the evidence as well as look at the trade-offs and not just develop a how-to guide, but actually plan to get to this net zero now by 2060.

424.42 - 444.097 Kanika Chawla

but plans have to be put into motion, and this is where innovation comes in. And developing countries are hotbeds for innovation. For instance, in sub-Saharan Africa, where the scaling of small solar solutions is curtailed not just by their financial viability, but also by quality concerns,

444.097 - 465.764 Kanika Chawla

a innovative results-based financing mechanism that structures the payment partly at the start of a project and partly at the end of a project, once quality checks have been made, addresses both these risks. One such facility leveraged 13.5 million dollars to unlock 55,000 new connections across five countries.

Chapter 6: What lessons can other countries learn from India's solar journey?

466.439 - 491.583 Kanika Chawla

Ja viimeisenä energiakäyttö on tarina luoda arvoa ja turvallisuutta. Tämän perusteella lokalisaatio on todella tärkeää. Esimerkiksi täällä Keniassa on Renewable Energy Powerhouse, jossa 90 prosenttia säästöä tulee jo kylmän energiakäyttöön, joka laittaa säästöön hyvin 100 prosenttia kylmän säästöä vuoteen 2030.

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492.038 - 515.005 Kanika Chawla

Mutta sen jälkeen Kenia tuottaa 50 miljoonaa sola-panelia yhdellä vuodella. Tämä on rahaa, jota se tuottaa maan ulkopuolelle. Mutta hallitus ei tarvitse sitä enää. Se kehittää nyt erilaisia valmistelujärjestelmiä, jotka eivät vain tuottaa rahaa maan ulkopuolelle, vaan luovat myös töitä kansalaisille Kenialaisille.

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520.237 - 534.243 Kanika Chawla

These are not isolated examples. These are evidence that the energy transition is already underway, that the energy transition is irreversible and that it's being driven by developing countries.

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535.171 - 563.167 Kanika Chawla

Yli 84 prosenttia maailmaa elää kehittämällä maailmalla. Kaikkiin viisi ihmisiä maailmalla elää kehittämällä maailmalla. Nämä ovat toiminnallisia maita. Ne tarvitsevat enemmän energiaa, jotta voimakkaudet sopivat, jotta he voivat vahvistaa ekonomiaan ja luoda työtä nuorille. Heidän päätöksensä sopimaan tälle sopimukselle, joita he päätävät käyttää, tarkoittaa, mitä tulevaisuuden emissioita näyttävät.

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564.162 - 578.135 Kanika Chawla

but they're already choosing renewable energy. And they're choosing renewables because renewables is good economics, and they now know that it offers them opportunities for growth, development and prosperity.

579.805 - 596.528 Kanika Chawla

It is now up to all of us to enable these countries at scale using the seemingly boring tools of planning, of market design and of capacity building to keep this momentum up. Because the time is right, and we can't stop now. Thank you.

604.409 - 633.046 Elise Hu

That was Kanika Chawla speaking at TED Countdown Summit in Nairobi, Kenya in 2025. If you're curious about TED's curation, find out more at TED.com slash curation guidelines. And that's it for today. TED Talks Daily is part of the TED Audio Collective. This talk was fact-checked by the TED Research Team and produced and edited by our team, Martha Estefanos, Oliver Friedman, Brian Green, Lucy Little, and Tansika Sangmarnivong. This episode was mixed by Christopher Faisy-Bogan.

633.046 - 640.977 Elise Hu

I'm Elise Hu, I'll be back tomorrow with a fresh idea for your feed. Thanks for listening.

651.338 - 670.424 Unknown

Tiesitkö, että joka neljäs yli 40-vuotias mies kokee virtsan karkailua? Se on todella yleistä, mutta siitä ei silti juuri puhuta. Tenamen suojat on suunniteltu erityisesti miehille. Huomaamattomat, varmat ja luotettavat. Ota tilanne haltuun Tenamenin avulla.

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