India to award 1 gigawatt solar permits by 2015, boosting plan
- West Bengal panchayat elections: Opposition fears more violence over poll nomination
- Karnataka elections: Can Siddaramaiah win back his old bastion?
- Fuel marketers may have to continue paying higher debit card fees
- 14 Naxals killed in Gadchiroli encounter in Maharashtra
- BJP gears up for solo fight in Maharashtra polls, but alliance talks on with Shiv Sena
New Delhi: India plans to award licences for an additional 1,000 megawatts, or 1 gigawatt, of solar power plants in the next year, about 30% more than originally targeted and equivalent to about half the capacity built so far.
The government, however, scaled back its ambitions for an alternative technology called solar-thermal, which uses mirrors to focus sunlight to produce steam for conventional turbines.
India plans to set up only 100 megawatts of solar-thermal capacity, down from the 1,080 megawatts targeted in a December 2012 policy document, according to an agreement signed by the ministry of new and renewable energy and the state-run Solar Energy Corp. of India.
Projects using photovoltaic technology, which use panels to convert sunlight directly into electricity, have benefited from a more than 60% decline in equipment costs since 2010.
In contrast, solar-thermal plants in India have struggled with cost overruns and delays. Of eight projects that were supposed to be completed by May last year, only one owned by Godawari Power and Ispat Ltd has been completed. Bloomberg