Solar power could become as cheap as conventional thermal energy over the next two to three years and reach Rs 4-4.5 per unit by FY18, India Ratings and Research (Ind-Ra) said in a report.
MNRE has rolled out a scheme plans to set up 25 solar parks, each with a capacity of 500 MW and above; thereby targeting around 20000 MW of solar power installed capacity. These solar parks will be set up within in a span of 5 years commencing from 2014-15 and the solar projects may then come up as per demand and interest shown by developers.
The cabinet on Wednesday revised the target for solar-capacity addition under the Jawaharlal Nehru National Solar Mission (JNNSM) to 1,00,000 megawatt (mw) or 100 gigawatt (gw) by 2022, from 20,000
The projects have to be implemented by 2017 and the PSUs and ministries would be free to use the power so generated for either self-use or sell it to third party or discoms.