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Indian solar power mission set to make India a global leader in the sector

LUCKNOW: The latest World Bank report on the the state of India’s solar power mission has said the Jawaharlal Nehru National Solar Mission Phase 1 (JNNSM), which was launched in 2010, is well-poised to make India a global leader in the development of solar power. The report says the Mission mode project has, in a span of three years, taken India forward in implementing its green growth agenda by increasing its installed capacity of solar power from around 30 MW to more than 2,000 MW.

What is significant is that JNNSM has been instrumental in bringing down the cost of solar power to a level that is competitive across the world, says the report. It has reduced the costs of solar energy to $ 0.15 per kWh, making India amongst the lowest cost destinations for grid-connected solar Photovoltaic (PV) in the world.

The report, ‘Paving the Way for a Transformational Future: Lessons from JNNSM Phase1’, says solar power can reduce India’s dependence on imports of diesel and coal for power generation, reduce greenhouse gas emissions, and contribute to energy security. Growth in this sector will help India increase its share of clean energy and help meet its target of reducing emissions per unit of its GDP by 20-25 percent by 2020 over 2005 levels

Ref: http://timesofindia.indiatimes.com/business/india-business/Indian-solar-power-mission-set-to-make-India-a-global-leader-in-the-sector/articleshow/27243247.cms

 Japanese Company Proposes Giant Solar Panel Belt Around Moon To Solve Energy Problems.

By AmruthaGayathri

On November 29 2013 5:33 AM

Shimizu Corporation (TYO:1803), a Japanese construction company, has proposed to tackle Japan’s, and possibly the entire planet’s, energy problems by setting up a giant belt of solar panels around the Moon’s equator.