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."
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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."
Read More
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