The Business Standard of New Delhi today said that the Indian government has promised that “it would bear up to 80% of the cost of generating solar power”.
The cost of generating one unit of solar power is Rs 15. The central government, in partnership with state governments, will give incentives of up to Rs 12 per unit of the cost of generating the power, said the publication.
Meanwhile California-based Nanosolar recently announced that after five years of product development – including aggressively pipelined science, research and development, manufacturing process development, product testing, manufacturing engineering and tool development, and factory construction – they now have shipped first product and received their first check of product revenue.
Nanosolar’s product is the world’s first printed thin-film solar cell in a commercial panel product; the world’s lowest-cost solar panel – the company believes it will be the first solar manufacturer capable of profitably selling solar panels at as little as $.99/Watt; the world’s highest-current thin-film solar panel – delivering five times the current of any other thin-film panel on the market today and thus simplifying system deployment.
So we congratulate India for the political good will in relation to solar power (let’s hope it bears good results) and Nanosolar for its burgeoning success. Good news for the start of 2008.
