27 Apr '12, 10am

Commentary: Grid parity in India may happen sooner than expected #Solar

Commentary: Grid parity in India may happen sooner than expected #Solar

Commentary: Grid parity in India may happen sooner than expected Jackie Chang, DIGITIMES, Taipei [Friday 27 April 2012] India has been seen as one of the markets with most potential for the solar industry as demand in Europe weakens. A recent article from The Economist , "Solar Power In India: Waiting for the Sun", has stated that the India market might just boom. The article indicated that power firms in India that produce electricity by burning coal have been forced to buy pricier coal because "the state local monopoly is unable to dig up enough of the black stuff [coal]". This can become an incentive for power companies to turn to solar power. The cost of solar PV systems has been falling since third-quarter 2010, and compared to the pricier coal, it is possible that the price of solar in India will be similar to conventional energy by 2016. Furthermore, according to fi...

Full article: http://www.digitimes.com/news/a20120427VL201.html

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