19 Aug '11, 8pm

India's National Solar Mission Promotes Rapid Solar Growth

By June 2011, 200 MW of grid connected photovoltaic (PV) and 500 MW of concentrated solar power (CSP) plants had been allocated for development under NSM, with an additional 300 MW of PV expected to be allocated soon. NSM has provisioned $335 million to invest in solar over the next two years. With enhanced funding, policy support and state schemes, the Indian solar market can grow fast: “We are talking about an Indian market of 6-7 GW in next 4-5 years,” said James Abraham, MD & CEO of Sunborne Energy Services based in Gurgaon, India. Under NSM, PV and CSP share a 50/50 stake in total solar power production. There are presently very few CSP installations in India, but several 500-MW CSP plants are in the process of getting financing with support from NSM. Transmission infrastructure for grid connected solar power is a key agenda item for the Ministry of New and Renewable ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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