India sparks solar energy market: Report

Washington, April 26 — India's ambitious national solar programme has catalysed rapid growth in the solar market driving solar energy prices low and demonstrating how government policy can stimulate clean energy markets, according to a new report.

In only two years, competitive bidding under India's National Solar Mission drove prices for grid-connected solar energy to nearly the price of electricity from fossil fuels, said the report released here Wednesday by the Natural Resources Defence Council (NRDC) and the Council on Energy, Environment and Water (CEEW).

During that same period, cumulative installed solar capacity in India surged from 17.8 MW to over 500 MW, as discussed in "Laying the Foundation for a Bright Future: Assessing Progress Under Phase 1 of India's National Solar Mission."

"As the world's second-fastest growing economy, India has sparked a powerful solar market in only two years," said Anjali Jaiswal, senior attorney for the India Initiative of NRDC, a US headquartered international nonprofit environmental organization.

"While the National Solar Mission still faces significant hurdles, India has already made important strides to attract new domestic and international players into the market, and lower the price of solar energy faster than most anticipated."

The report from NRDC and CEEW provides recommendations to aid the Indian government, private sector and other stakeholders in overcoming obstacles to achieving the Mission's goal of 20 GW of installed solar capacity by 2022, equivalent in energy capacity to 40 mid-sized coal-fired power plants.

These include encouraging financing, boosting domestic manufacturing, and creating a conducive environment.

"As nations race to become clean energy leaders, governments around the world will be closely following the progress of India's National Solar Mission," said Dr. Arunabha Ghosh, CEO for the CEEW, an independent think-tank based in New Delhi.

For further details and Solar Energy consulting, contact:

SUGA Consulting Services

Flat No.C-3-4, C-Block, 3rd Floor, Panna Oasis Apts,

35-36, M.K. Amman Koil Street, Mylapore, Chennai – 600004.

Mobile:

Airtel: 91-99400-58497,

BSNL: 91-94454-37117, 91-94458-88703,

Landline: 91-44-2498-4148

http://www.suga-consulting-services.com/

SUGA Consulting Services – Blog

Please visit our blog for our SUGA Consulting Services activities

http://suga-consulting-services.blogspot.com/

SUGA Employment Services – Blog

Please visit our blog of SUGA Employment Services, for Employment Opportunities and Employment Services.

http://suga-employment-services.blogspot.com/

SUGA Educational Services – Blog

Please visit our blog of SUGA Educational Services, to know the Educational Services provided by us.

http://suga-educational-services.blogspot.in/

SUGA Business Services – Blog

Please visit our blog of SUGA Business Services, to know the Business Services provided by us

http://suga-business-services.blogspot.in/

Email :

N.Sugavanam, CEO – nsugavanam@gmail.com,

For enquires in Consulting Services, with SUGA Consulting Services, send email to:

sugaconsultingservices@gmail.com 

For enquires in Employment Services, with SUGA Employment Services, send email to:

sugaemployment@gmail.com

For enquires in Business Services, with SUGA Business Services, send email to:

suga.business.services@gmail.com

Mobile:

Airtel: 99400-58497,

BSNL: 94454-37117, 94458-88703,

Vodafone: 98842-87303, 91768-71191

Landline: 91-44-2498-4148