Solar power cost will fall to Rs 1.9 per unit in India by 2030: TERI study


Solar power cost will fall to Rs 1.9 per unit in India by 2030: TERI study

The cost of generation of solar power is set to fall to as low as Rs 1.9 per unit over the next decade through 2030 in India with new technologies boosting efficiency levels, a joint study by TERI and US-based think tank Climate Policy Initiative (CPI) has revealed.

“By 2030, we project that the cost of wind and solar will be between Rs 2.3-2.6 per Kilowatt hour (kWh) and Rs 1.9-2.3 per kWh, respectively, while the cost of storage will have fallen by about 70 per cent,” the report launched today said.

According to the analysis, the required investments in electricity generation capacities are going to be substantial, at about Rs 1.65-1.75 lakh crore per year. Read More

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