Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

India to Award 1 Gigawatt of Solar Permits by 2015

Don't Miss Out —
Follow us on:

April 2 (Bloomberg) -- India plans to award licenses for an additional 1,000 megawatts of solar power plants in the next year, about 30 percent more than originally targeted and equivalent to about half the capacity built so far.

The government, however, scaled back its ambitions for an alternative technology called solar-thermal, which uses mirrors to focus sunlight to produce steam for conventional turbines.

India plans to set up only 100 megawatts of solar-thermal capacity, down from the 1,080 megawatts targeted in a December 2012 policy document, according to an agreement signed by the Ministry of New and Renewable Energy and the state-run Solar Energy Corp. of India.

Projects using photovoltaic technology, which use panels to convert sunlight directly into electricity, have benefited from a more than 60 percent decline in equipment costs since 2010.

In contrast, solar-thermal plants in India have struggled with cost overruns and delays. Of eight projects that were supposed to be completed by May last year, only one owned by Godawari Power & Ispat Ltd. has been completed.

To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Iain Wilson, Alastair Reed

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.