The last five years have seen an increased interest in the domestic solar energy sector. The government is promoting existing policies, introducing new policies and enabling more concessions for renewable energy projects, resulting in greater interest among big and small industry players as well as startups.
This new-found enthusiasm and the focus on solar energy to meet the country’s power needs is a positive step on many levels. Today, power production through coal-fueled power plants meets only 60 per cent of India’s power requirement, as the country faces fuel shortage and needs expansive coal imports to make up for this. Second, there is a shorter window of time to bring to market solar power compared to power from traditional sources. Third, there has been a decline in set-up costs, with reducing price of components. Read More…
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