The Rajasthan 's Bhadla Solar Farm
When we talk about Renewable source of energy,what comes to your minds?These are energies from Sunlight,Rain, Wind, Water, Geo-Thermal. They are energy generated from Nature i.e Readily in abundant.So taking India as a focal point, we compare and contrast between Solar and Coal power.
Solar Toll decreased by over 25% in 3 months with the major attention on The Rajasthan 's Bhadla Solar Farm. A 100,000 hectare farm on the boarders of the Thar Desert.
At an auction for 500 MW production at the farm,the SECI -State Run Solar Energy Corporation of India managed to realize a record-low fee of (RS 2.44) equivalent of $0.03 per KW- Kilo Watt per hour (KW/h).Previously, the low charges was two days before when the fees entered a region of (RS 2.62) equivalent of $0.04 per KW/h during auctions for another phase of the Bhadla Solar Farm.
Steemians, does the maths makes sense?Solar energy fees are crashing through the Indian floors!
With this very low figures/fees, Solar power is even cheaper than the Coal- based Thermal power plants in India.The NTPC- the country's largest power company sells power from the Coal-based generating Station at (RS 3.20) equivalent of $0.05 per KWh.
By estimation, Solar-power generation capacity is expected in 2017 to reach 8.8 GW- Giga-Watts from 2016's 76% jump, to become the 3rd largest Solar market in the World........Based on BTI- Bridge To India, a Renewable Energy Consultant company
A consulting Giant, EY- Ernst & Young ,reckons India to be the WORLD'S SECOND BEST MARKET FOR RENEWABLE ENERGY INVESTMENT!