Photovoltaics is becoming increasingly inex­pensive. In contrast, the prices for electricity from conventional power plants are climb­ing. This is making the solar farm market segment progressively more lucrative for fi­nancially strong investors. Photovoltaics of­fers a profitable, long­term investment with comparatively low risk.

The government of Uttar Pradesh has announced this policy to improve the overall energy situation in U.P. This policy will be in place till 2017 under which a minimum of 5 MW capacity to produce a total of 500 MW power supply will be established and their targets would be fixed by Uttar Pradesh Non-conventional Energy Development Agency ( UPNEDA).

Capital subsidies for renewable energy, both off-grid and on-grid, have been abandoned in favour of some kind of generation based incentives or other financial instruments like soft loans in the case of off-grid solar in almost all parts of the world. The draft of JNNSM, Phase II continues this conservative approach to funding renewable energy projects, says CSE.

The objectives of the policy are: To encourage participation of Private Sector to set up Solar Power based projects in the State; To define the incentives and benefits to be provided to the participants of the Private Sector in clear terms; To build a favourable atmosphere for setting up Solar Power projects; and Lay down framework for policy im

Tamil Nadu government has announced this policy for the state with an aim of generating 1,000 Mw of solar power every year from 2015, setting up of solar energy parks along with incentives for solar power producers and equipment manufacturers.

This new report released by the Natural Resources Defense Council (NRDC) and the Council on Energy, Environment and Water (CEEW) shows that concentrated solar power can play an essential role in achieving a secure and diversified energy future for India.