The solar thermal industry in India is miffed as it believes that the ministry of new and renewable energy is ignoring its contribution in the renewable energy space, though the country ranks among the top five markets globally for solar thermal.
There is scope to save Rs 5,000 crore annually by supplementing solar thermal with fuel oil, said the Solar Thermal Federation of India (STFI).
According to the STFI, the solar thermal industry in India has been growing without any financial assistance from the Centre. Yet, it fails to find a mention of its contribution. Solar heating and cooling solutions are a substitute for fuel oil/diesel. Solar heat is used in large public and private building as well as factories for cleaning, steam production, heating and surface treatment in manufacturing, and comes at 40% lower costs. Read More
Latest posts by Financial Express (see all)
- Essar Steel creditors declare ArcelorMittal as highest bidder at Rs 42,000 crore - October 20, 2018
- Indian Railways’ First Station Inside A Tunnel! Know About Keylong Station On Bilaspur-Manali-Leh Rail Line - October 20, 2018
- Petrol price today: Big relief! Petrol prices slashed further by 24 paise in Delhi; check latest rates - October 19, 2018