The Central Government announced a mega solar power capacity addition plan to make India the global leader in solar energy to match with the worldwide focus on climate change and exploring renewable energy sources to meet the emerging power needs of India.
The National Solar Mission, aims to add 20,000 MW of solar energy generation capacity by 2020 and make it as cheap as the electricity from conventional sources. The mega plan would seek an investment of nearly Rs. 1 lakh crore over a 30-year period. To start the whole thing in a big way, the Government will make a huge outlay of Rs. 4,000 to 6,000 crore in the XI Plan. The outlay will be doubled during the XII Plan (2013-17).
The objective is to ensure a capacity addition of one lakh MW by 2030 and two lakh MW of solar power by 2050. It would also seek solar power cost reduction to achieve grid tariff parity by 2020.
Experts have been faced with the challenge of producing solar power as cheaply as from coal or hydel sources by reducing the cost of solar power generation to Rs. 4-5 per kWh by 2017-20. The objective is to achieve rapid scale up to drive down costs, to spur domestic manufacturing and to validate the technological and economic viability of different solar applications.
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