The NEXT Big POWER Play....SOLARRRRRRRRRR....!!!!

Solar Power: Cost of production dropped 60%; price to equal thermal power's in three years

By Shreya Jai, ET Bureau | 17 Mar, 2014, 04.23AM IST

Earlier this month, when Madhya Pradesh accepted the bid of Himgiri Energ y Ventures to supply solar power to the state grid at Rs 6.5 a unit, it was a figure to note even by the industry's standards of smashing records by the season. This contract award shaved off 13 per cent from the lowest price at which Indian industry was willing to supply solar power; over three years, the drop is a steep 61 per cent. 

More importantly, the MP tender brought .. .......

...............Some countries are there. Like Germany, which has 36,000 MW of solar capacity, according to Bloomberg New Energy Finance. An early adopter, Germany started seeing a spike in solar capacity from 2001. 

In India, the spike came only in 2012, since when its solar capacity has increased from 2.5 MW to 1,759 MW (See graphic). The Central government is looking to increase capacity through the National Solar Mission, which gives a certain set of incentives to companies and aims to put up 22,000 .. 

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