Solar power subsidy enthusing investors

As per article on 14^th Sept. 2009

Under its national solar mission, the government has initiated solar power projects up to a maximum capacity of 50 MW supported by financial incentives of a maximum of Rs 12 per kWh for photo voltaic and Rs 10 per kWh for solar thermal power projects for a period of 10 years for achieving 10 per cent of the country’s total electricity requirement by adding 20,000 MW of solar power by 2020.

Karnataka is blessed with active wind and hydro potential. We should exploit these to the maximum,” he said and added, while its wind potential was 7500 MW, the state was tapping 987 MW only. The total energy harnessed from renewable energy sources was 1787 MW, while the total potential was 11,150 MW.

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