This had a direct bearing on the purchase price of solar Photovoltaic (PV) and Concentrated Solar Power (CSP).
India Poised to be a Global Leader in the Development of Concentrated Solar Power (CSP) and Photovoltaic (PV)
The reverse bidding mechanism enabled qualified bidders to benefit from declining global prices for solar components, thereby reducing the purchase price of both solar PV and Concentrating Solar Power (CSP) for the utili
Jawaharlal Nehru National Solar Mission aims at achieving 20,000 MW by 2022 thereby it will then constitute one-tenth of India’s current installed power base.
Under batch 1, phase 1 of the JNNSM, the nation has authorized 150 MW of PV projects and 470 MW of CSP projects, the majority of which are planned for the state of Rajasthan.
The first phase of the Jawaharlal Nehru National Solar Mission (JNNSM) is scheduled to be completed by 2013 only.
The ‘500-plus MW' includes all the seven solar thermal projects, whose total capacity is 470 MW.
JNNSM was launched by the Government last year as a part of National Action Plan on Climate Change with a view to develop an enabling policy framework for deployment of 20,000 MW of solar power by 2022.
New ventures continue to mushroom in India. Earlier this year, Indian business conglomerate Welspun announced its plans to set up 500 MW of solar power across India over the next five years.