India plans to double solar capacity, thanks to blackouts

- Advertisement -

India suffers from frequent power shortages and blackouts, which have impeded the nation’s economic growth. This is mostly because India depends on coal for two-thirds of its power generation. Most of the coal in India is controlled by Coal India, a government-based group that struggles to meet electricity demand because of corruption and weak policies. In fact, the gap between electricity supply and demand is about 10%, according to a press report.

It is reported that India’s government hopes to combat these power failures by planning another 1 GW of solar projects – doubling it’s June 2012 capacity – this financial year, according to Bloomberg. The Indian government has already has a three-phase plan, called the Jawaharlal Nehru National Solar Mission, to install 1 to 2 GW of solar power by 2013, 4 to 10 GW between 2013 and 2017, and 20 GW by 2022. The National Solar Mission uses a reverse auction bidding process, which awards solar projects to companies with the lowest asking price.

Due to the persistent blackouts, India hopes to auction a third of the projects planned for 2017, or 1 GW of solar capacity, this financial year. According to Bloomberg, the first phase of the National Solar Mission used incentives, such as special tariffs, to promote solar installations. It’s considering using another incentive program in this second phase to expedite the process.

- Advertisement -

India’s National Solar Mission has proven successful so far. Not only did it beat its targets for solar installations in mid-2012, but its reverse auction bidding process has also decreased the price of solar power. The price decreased by 38% between 2010 and 2011. Between early 2010 and March 2012, the price of solar energy in India dropped to as little as Rs. 7.49 per kilowatt hour (kwh), or $0.15 USD/kWh. This price drop in Indian solar power means that solar could achieve price parity with coal or natural gas by 2016.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Gautam Solar Finds New Space in Ministry’s Approved List

0
Gautam Solar’s 545 Wp series of 10BB mono solar panels are now part of the Approved List of Models and Manufacturers Its polycrystalline...

Digi-Key Launches Global Capability Center in Bengaluru

0
The facility, made with its support partner SMC Squared, will be an integral part of Digi-Key Electronics’ long-term strategy Leading electronic components distributor, Digi-Key Electronics...

Navitas & KATEK Bring New GeneSiC Power Semiconductors

0
KATEK’s coolcept fleX family of Steca solar inverters aim to improve efficiency with GeneSiC power semiconductors Steca is a KATEK brand that develops...

Exclusive

Gautam Solar Finds New Space in Ministry’s Approved List

0
Gautam Solar’s 545 Wp series of 10BB mono solar panels are now part of the Approved List of Models and Manufacturers Its polycrystalline...

Digi-Key Launches Global Capability Center in Bengaluru

0
The facility, made with its support partner SMC Squared, will be an integral part of Digi-Key Electronics’ long-term strategy Leading electronic components distributor, Digi-Key Electronics...

Navitas & KATEK Bring New GeneSiC Power Semiconductors

0
KATEK’s coolcept fleX family of Steca solar inverters aim to improve efficiency with GeneSiC power semiconductors Steca is a KATEK brand that develops...

Important Sectors

Gautam Solar Finds New Space in Ministry’s Approved List

0
Gautam Solar’s 545 Wp series of 10BB mono solar panels are now part of the Approved List of Models and Manufacturers Its polycrystalline...

Digi-Key Launches Global Capability Center in Bengaluru

0
The facility, made with its support partner SMC Squared, will be an integral part of Digi-Key Electronics’ long-term strategy Leading electronic components distributor, Digi-Key Electronics...

Navitas & KATEK Bring New GeneSiC Power Semiconductors

0
KATEK’s coolcept fleX family of Steca solar inverters aim to improve efficiency with GeneSiC power semiconductors Steca is a KATEK brand that develops...
EV

onsemi & Volkswagen Join Hands For SiC Tech in Next-Gen EVs

0
The partners are developing a traction inverter solution for the OEM’s modular car platform for electric vehicles onsemi is providing VW with IGBTs,...
Elevator, Nissan, Hitachi, EV Batteries

Nissan, Hitachi Partner To Run Elevators Using EV Batteries

0
Nissan and Hitachi successfully tested a full-capacity elevator to run for 10 hours by drawing power from fully charged EV batteries. Japanese automaker Nissan Motor...

Manufacturing

Bharat

Bharat Electronics Misses Profit Estimates For Q3

0
Bharat Electronics has declared an interim dividend of 60% payable to all the eligible shareholders holding shares as of the record date. Shares of Bharat...
Australia

Tesla To Invest $3.6B In Nevada Gigafactory

0
The latest investment by Tesla comes at a time when US automakers are heavily investing in electric vehicles and batteries. Tesla said that it would...
Piyush Goel

Apple To Raise India Production to 25%, Says Piyush Goyal

0
Apple currently manufactures iPhone 11, 12, 13 and 14 models at the Foxconn facility while iPhone SE and iPhone 12 are assembled at the...

Global Connector Maker Bel Fuse Appoints New Global Head of People

0
Bel Fuse said that the newly created position would empower the global connector maker in its cultural transformation journey.  Global connector manufacturer Bel Fuse Inc....

Gogoro, Belrise form $2.5B JV with Maharashtra for EV charging stations

0
The equal stakes partnership will form an infrastructure company that owns battery swapping and EV charging stations across the state of Maharashtra. The state government...