NewEnergyNews: INDIA BOOSTS ITS SOLAR BUILD

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    Friday, September 26, 2014

    INDIA BOOSTS ITS SOLAR BUILD

    India Plans an Upgrade of Its Solar-Energy Infrastructure; New Delhi to Work With State Governments to Develop Solar Parks

    Biman Mukherji, Sept. 21, 2014 (Wall Street Journal)

    “…[India’s] federal administration in New Delhi and five state governments will work to set up 25 solar parks, which could increase the total installed solar capacity by nearly 10 times nationwide to about 20,000 megawatts…At least 10 of the parks are likely to be set up over the next year, along with supporting infrastructure including transmission lines, while the remaining 15 are expected to be completed in the next four or five years…Blessed with an abundance of sunshine, India has accelerated its solar-power plan since the election of Prime Minister Narendra Modi, who oversaw one of the country's most successful solar programs in the western state of Gujarat…Solar power accounts for about 1% of India's energy mix, according to the government, and faces challenges including land acquisition. Power generation costs exceed those of thermal coal, though they have fallen sharply over the past three years. With its plans to develop solar parks, the government is betting that removing some of the pain of buying land will attract investors…” click here for more

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