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Solar Energy prospects looking up in India

Budget 2010 puts money where mouth is for Solar Energy, THE WALL STREET JOURNAL, By Ameet Shah and Sourabh Sen, 4 March 2010,

The 2010-11 budget is great news for renewable energy, and in particular solar energy, in India. In November of last year, the Government of India took a major stride forward in driving sustainable development with the announcement of the National Solar Mission targeting 20,000MW of installed solar power by 2022. But the fact that they’ve now included it in the budget is a critical step.

While the NSM set the vision for solar in India, the Central Electricity Regulatory Commission’s tariff order laid out the details. These guidelines further strengthened the case for investing in the Indian solar sector by setting preferential feed-in-tariffs and declaring long term (25 year) power purchase agreements…http://blogs.wsj.com/india-chief-mentor/2010/03/04/budget-2010-puts-money-where-mouth-is-for-solar-energy/

March 5, 2010 - Posted by | climate change, India, renewable | , ,

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