15 Dec '11, 5pm

Solar Power Becomes Cheaper Than Diesel Generators in India

While the passage of time makes solar cost competitive for many Americans right now , the question of cost competitiveness is not a simple one for solar. It depends on location, installation costs, and what kind of power solar is competing against. In Africa, solar has already become cheaper than kerosene in many locations . And now Renewable Energy News reports that solar is becoming cheaper than diesel generators in India as French-company Solardirect has bid to supply the energy grid with solar power at a rate cheaper than the average for diesel generators: Some analysts were skeptical of the Rs10.95 (US$0.21) per unit bid during the Batch 1 bidding process about one year ago. Analysts argue that several successful bidders from Batch 1 had not met financial projections and feared the projects would fail to see the light of the day. To add to the skepticism, mixed reacti...

Full article: http://www.treehugger.com/renewable-energy/solar-power-be...

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Solar Power in India is Now Cheaper than Diesel

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