SME Times is powered by   
Search News
Just in:   • Two major international jewellery shows to open next week  • H-1B visa: IT sector woes  • Fresh buying support lifts equities, end in green  • Satya Nadella meets IT Minister Prasad  • Maruti Suzuki's hybrid vehicles' sales soar 
Last updated: 27 Sep, 2014  

Solar.9.Thmb.jpg India sparks solar energy market

Solar.9.jpg
   Top Stories
» RBI tells banks to go digital to serve MSMEs better
» Ministries ink MoU for welfare of artisans in SC category
» India offers to share telecom expertise with ASEAN
» Cash withdrawal weekly limit goes up to Rs 50,000
» GST Council has cleared draft compensation law: FM
Arun Kumar | 26 Apr, 2012
India's ambitious national solar programme has catalysed rapid growth in the solar market driving solar energy prices low and demonstrating how government policy can stimulate clean energy markets, according to a new report.

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, said the report released here Wednesday by the Natural Resources Defence Council (NRDC) and the Council on Energy, Environment and Water (CEEW).

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 Phase 1 of India's National Solar Mission."

"As the world's second-fastest growing economy, India has sparked a powerful solar market in only two years," said Anjali Jaiswal, senior attorney for the India Initiative of NRDC, a US headquartered international nonprofit environmental organization.

"While the National Solar Mission still faces significant hurdles, India has already made important strides to attract new domestic and international players into the market, and lower the price of solar energy faster than most anticipated."

The report from NRDC and CEEW provides recommendations to aid the Indian government, private sector and other stakeholders in overcoming obstacles to achieving the Mission's goal of 20 GW of installed solar capacity by 2022, equivalent in energy capacity to 40 mid-sized coal-fired power plants.

These include encouraging financing, boosting domestic manufacturing, and creating a conducive environment.

"As nations race to become clean energy leaders, governments around the world will be closely following the progress of India's National Solar Mission," said Dr. Arunabha Ghosh, CEO for the CEEW, an independent think-tank based in New Delhi.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
67.85
66.15
UK Pound
85.00
82.05
Euro
72.45
69.95
Japanese Yen 59.85 57.90
As on 22 Feb, 2017
  Daily Poll
Will Budget 2017 help push MSME sector growth
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(12)
» Temptation of protectionism(9)
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration(4)
» 'Digital lending marketplace can help SMEs to get easier and cheaper loan'(2)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter