30 Apr '12, 11am

India Solar Program Driving Solar Prices to Impressive Lows

India Solar Program Driving Solar Prices to Impressive Lows

This post was originally published on the Natural Resources Defense Council’s site and has been republished with permission. India’s ambitious national solar program has catalyzed rapid growth in the solar market, driving prices for solar energy to impressive lows and demonstrating how government policy can stimulate clean energy markets, according to a report released this month by the Natural Resources Defense Council (NRDC) and the Council on Energy, Environment and Water (CEEW). In only two years, competitive bidding under India’s National Solar Mission drove prices for grid-connected solar energy to nearly the price of electricity from fossil fuels, at Rs. 7.49/kWh ($0.15/kWh). During that same period, cumulative installed solar capacity in India surged from 17.8 MW to over 500 MW, as discussed in “Laying the Foundation for a Bright Future: Assessing Progress Under Ph...

Full article: http://cleantechnica.com/2012/04/30/india-solar-program-d...

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