NewEnergyNews: SOLAR COULD BE INDIA’S SEABISCUIT

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    Friday, June 05, 2015

    SOLAR COULD BE INDIA’S SEABISCUIT

    India’s ‘Seabiscuit’ — How Solar Energy Can Be The Symbol Of Hope For India’s Electricity Woes

    Aditya Goei, June 1, 2015 (Clean Technica)

    “…[Seabiscuit is remembered] not for his diminutive stature or early failings, but as an unlikely champion who served as a symbol of hope…during the Great Depression…India’s renewable energy industry has been much like Seabiscuit in [its the much-anticipated but long delayed rollout of India’s 100 GW plan for solar power. The power sector faces inadequate power generation, lack of transmission, an unstable grid, and nepotistic politics. As the government works toward 24×7 power to all 1.3 billion citizens of India in the next 5 years, it is focused on the new capacity. In the 2 weeks following the announcement of the new solar goal], 5 tenders for the cumulative establishment of 1930 MW of solar capacity have already been released…[and] the government has publicly stated its intent to consider dollar tariffs in order to encourage foreign investments…The tariffs are expected to be in the region of 6 cents…

    “Of the many things we could learn from the determination and resolve of ‘Seabiscuit,’ what might be a more worthwhile takeaway for India’s people is the spirit of the United States, which in the face of all doubt found reason to believe in the ability of a banged-up, under-sized horse, even when such belief defied any historical or logical rationale…The ambitious 100 GW Solar Mission that India has embarked upon requires a similar belief…Technological advancements have today made it possible for the sun to light the path of our nation’s transformation…It is up to us to look up and find in the sun [our symbol of hope]…” click here for more

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