15 Dec '11, 11pm

India Embraces Solar Power Claiming Price Will Equal Thermal ...: Economic South Asian superpower India has firm...

India Embraces Solar Power Claiming Price Will Equal Thermal ...: Economic South Asian superpower India has firm...

According to government officials, the reason for moving the date forward is plummeting tariffs in the latest solar development projects, a trend that they believe is likely to continue. Ministry of New and Renewable Energy Joint Secretary Tarun Kapoor said, "The prices will come down further next year and will continue to fall. Earlier, our aim was that solar power will achieve grid-parity by 2022, but looking at the upbeat response from the industry, we have now reduced our target to 2017. Some big names from India have proved that a large investment will soon be possible in solar projects, as huge as 2,000 megawatts. There are other reasons as well. Internationally, the price of solar cells has come down and with improved technology, the cost of operation as a whole has been reduced, thereby increasing the efficiency." All is not yet completely sunny for India's solar e...

Full article: http://www.celsias.com/article/india-embraces-solar-power...

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