SME Times is powered by   
Search News
Just in:   • Mishra launches Digital MSME scheme  • GST transition for SMEs  • GST, selling pressure spook investors, markets close lower  • AEPC joins hand with NSDL to assist exporters in GST compliances  • Apple, Cisco to help firms get cyber security insurance discounts 
Last updated: 27 Sep, 2014  

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

Solar.9.jpg
   Top Stories
» India, US vow to fight terror, boost economic cooperation
» Jaitley urges J&K CM to roll-out GST from July 1
» Traders' association urges govt for trial period of GST
» PM invites US business, says GST will ease way
» Govt postpones provision relating to TDS, TCS under GST
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
65.15
63.50
UK Pound
83.40
80.60
Euro
73.45
70.95
Japanese Yen 59.75 57.70
As on 28 Jun, 2017
  Daily Poll
Should Govt tax farm income above certain level?
 Yes
 No
 Can't say
  Commented Stories
» Poor state of state finances(13)
» Starting an import export business: Basic guide for beginners(11)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(2)
» Three years of Modi government(1)
» Air India unions warn govt of industrial unrest(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter