Sunday, February 23, 2014

India's Solar Power Cost Edging Ever Closer To Coal

"Photos from China's Coal Mines"

Fossil fuels are dirty.
Solar energy is clean -- and unlike fossil fuels, it will only get cheaper.
Over time, fossil fuels will only get more expensive.

"Moore's Law"


Proposal For Massive RooftopSolarFinancing 
Banks will offer all current mortgagees-in-good-standing the money needed to install a sufficient number of rooftop-solar-panels to take the home "off grid." This "tacked on" loanmoney will be added to the existing mortgage by fiat. There will be no appraisal fee nor closing costs. We now know that solar installation is "money in the bank." It is likely that no other investment is as sound as solar energy with its demonstrated track record as a rock-solid money-maker. Whichever major American bank promotes this scheme first will reap a propaganda bonanza, simultaneously making a handsome profit.

Participating lenders will contribute to The Common Good in ways that were previously inconceivable.

India’s SolarPower cost fell to a new low, edging closer to coal, as declining panel prices and increased competition drew offers to build plants from groups backed by BlackRock Inc. (BLK) and Electricite de France SA (EDF).
India, which uses competitive bidding to select companies offering to generate clean energy at the lowest cost, awarded 750 megawatts of permits on Feb. 21, half of that eligible to use imported equipment. The government also offeredgrants to offset project costs for the first time, helping attract bids for triple the capacity auctioned.
Winners of the import-eligible capacity, who bid seeking the least from the 18.75 billion rupees ($302 million) of subsidies, priced electricity from solar panels at an average 6,500 rupees a megawatt-hour, down 25 percent from a national tender two years ago, said Jasmeet Khurana, head of market intelligence at solar consultancy Bridge to India Energy Pvt.
India plans a sixfold increase in solar capacity drawing $11.7 billion of investment by 2017 to reduce blackouts as plunging panel prices help photovoltaic projects compete with coal- and gas-fired plants.
The average price of silicon solar modules has fallen more than 7 percent since June, according to data compiled by research company PV Insights.
Solar panel and cell makers are jostling for market share amid rising stakes after the U.S. lodged a complaint at the World Trade Organization this month, accusing India of imposing trade barriers on the auction.

1 comment:

  1. Nice Info! The study presuppose that many solar systems would lose its' efficiency by half percent every year. If this perusal holds true, it will be doable to expansion your investment over a period of 32-38 years rather than 20-25 years, for maximal benefit.

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