Indian Solar-Thermal May Follow U.S. in Losing Ground, Enam Says
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Solar-thermal technology, backed by General Electric Co. and Siemens AG, may concede ground in India like in the U.S. as companies opt for cheaper photovoltaic panels, according to a developer owned by the Enam Group.
Solar thermal, which uses sunlight to produce steam for conventional turbines, has lost the cost and scale advantages it used to have, said Vishal Kedia, director of Visual Percept Solar Projects Pvt., which completed one of India’s largest photovoltaic plants this month.