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(This story appears in the 26 July, 2013 issue of Forbes India. To visit our Archives, click here.)
World markets work between financial year jan to dec, where as its April to march in India. MNRE also does not usually sanction projects in April and may, hence the dip. Agree with Forbes, they have the next quarter to get it right.on Jul 16, 2013
There is a big rush to go in for big Solar Projects in India. The main reason is subsidies offered to it. It happened in Wind in earlier. Due to misuse the 100% depreciation has been reduced to 15% now. The irony is how many industrialists are serious of these Solar projects? Most of them are PAPER PROJECTS. Unless the solar cell efficiency goes up the solar power remain uneconomic. Dr.A.Jagadeesh Nellore(AP),Indiaon Jul 16, 2013
Solar energy is yet to penetrate to the rural areas as decentralised energy leave away grid connected. While misuse of Government subsidies/incentives is one of the reasons,the low efficiency of solar cell is the other. Dr.A.Jagadeesh Nellore(AP),Indiaon Jul 15, 2013
Sir, Totally agreeing with you however when it comes to poor penetration in rural area, I would like to highlight that most of the solar farms in India are in rural area as we dont have land (barren) in urban area. Considering Rajasthan for eg. consider solar plants in remote thar desert of near india pakistan border. Due to the subsidies and NSM as well as 100% fdi the solar engergy sector in particular has really penetrated into the urban area. However again if ditribution and end users are considered than the people in rural area are the worst sufferers. They loose their land and in return are yet devoid of power as the power generated is sold to urban India. Regards, Pratik Solar Developeron Jul 21, 2013