Bloomberg - India is producing power from solar cells more cheaply than by burning diesel for the first time, spurring billionaire Sunil Mittal and Coca-Cola Company’s mango supplier to jettison the fuel in favor of photovoltaic panels. The cost of solar energy in India declined by 28 percent since December 2010, according to Bloomberg New Energy Finance. The cause was a 51 percent drop in panel prices last year as the world’s 10 largest manufacturers doubled output capacity. India has a goal to have installed 20,000 megawatts of solar-energy capacity by 2022, about equal to 18 new nuclear reactors. India joins pockets of Italy, Spain and Hawaii where rising fuel costs and lower panel prices make solar pay for itself without state subsidies.
VIA - David Schaller of Sustainable Practices
VIA - David Schaller of Sustainable Practices
