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High land cost, shy banks shadow sun power sector [1]

Due to high land cost and banks' reluctance in financing renewable power projects, Punjab has not been able to tap solar energy optimally despite abundant sunshine.
Experts say, for a solar power project to be financially viable, land cost should not be more than Rs. 2 lakh per acre. But even in backward areas of Punjab, an acre costs more than Rs. 15 lakh.

Publication Date: 
02/03/2011
Indian Express (Chandigarh) [2]
Tags:
Renewable Energy [3], Electricity [4], Energy [5], Punjab [6]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/news/high-land-cost-shy-banks-shadow-sun-power-sector-0

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/high-land-cost-shy-banks-shadow-sun-power-sector-0
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/indian-express-chandigarh
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electricity
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/punjab