Posted on 12/13/2011 10:03:56 AM PST by bananaman22
Economic South Asian superpower India has firmly embraced solar power, advancing the target date by five years for selling solar-generated electricity at the same rate as electricity generated by fossil fuel plants, from 2022 to 2017.
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 energy drive, however. Kapoor noted that several solar projects benefiting under a state program offering favorable tariffs to build 20,000 megawatts of capacity have already been delayed, adding that developers may lose contracts if deadlines are missed, commenting, “Two of the projects are behind schedule. In a few months, we should have a clear picture.”
The pair of miscreants are Entegra Ltd., whose majority shareholder is MW Corp Pvt., which has yet to begin building a 10 megawatt solar-thermal plant in Rajasthan and Enterprise Business Solutions, cited for delays in an October deadline to build a 5 megawatt photovoltaic plant in Punjab.
Entegra Ltd. is disputing New Delhi’s claims of sluggish performance, with its Chairman Mukul S. Kasliwal commenting that his firm faced problems raising Full article at: India Embraces Solar Power, Says Price Will Equal Thermal Power in Five Years
If you rely on sunlight to heat your home, then solar already is on par with fossil fuels.
What’s the weather like in India? Of course the bonus is that they can see the parts vendor, China, from their house.
Solyndra was ahead of its time! /SAR
hahaha.
everything is solar powered. Plants get their energy from the sun. animals eat plants. oil is decomposed animals.
Only if they manipulate oil to $500/bbl.
Liars!
Too incompetent to make true advances in technology so they use Obama’s Marxist trick of manipulating Oil and Gas prices and suppressing nuclear power production.
Ah, another “Five Year Plan”. Where have we heard that before?
It’s like me telling my boss that a particular project will be done in “two weeks”. I know his eyes will roll.
What would you expect the Joint Secretary of the Ministry of new and Renewable Energy to say? I'd hardly think he's speaking for the entire country, though.
As for parity with fossil fuels, only possible if the Indian Ruppee continues its current freefall and the gov't owned coal mines do no increase production, leading to increasingly expensive imports of coal.
As for parity with fossil fuels, only possible if the Indian Ruppee continues its current freefall and the gov't owned coal mines do no increase production, leading to increasingly expensive imports of coal.
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