Opinion

India's moment in the sun!
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Solar Power in India touched a new high last week with a historic low tariff of Rs 2.44 per kwH (for the Bhadla Solar Park in Rajasthan). This is important for various reasons. The tariff is lower than that of coal (which averages around Rs 3.20 per kwH). The viability of such a low rate (it was Rs 15 per unit just 4 years ago) depends on various factors - the plummeting cost of solar panels, lower financing costs and the government's policy support to increase use of solar in our energy mix. Intense competition between various Indian and international players was the primary reason for the low bid. While several issues remain - like the high cost of support infrastructure such as inverters, cables, batteries, as well as lack of adequate high voltage transmission lines and handling of intermittencies (solar is available only when the sun is up and storage is still expensive), with adequate demand, the eco-system will develop and solar's future looks bright!

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