Solar power is getting cheaper by the day...We have a huge opportunity for providing cheap and sustainable power to the hinterland!
Read this World Bank blog:
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Until recently, the biggest hurdle in adopting solar power was the high upfront cost (more than $3 per watt before 2010) and lack of project financing for solar projects.
But much of that has changed. In the last four years, solar module prices have fallen more than 70% (less than $1 a watt), and per unit cost of solar power (kwh) has fallen from 30 cents per unit in 2010 to less than 8 cents per unit not only in India but also in Brazil, Chile, UAE and other countries.
For instance, if we compare solar power with diesel generated power in an off grid scenario in India, the cost of power from a diesel-powered pump for irrigation in agriculture sector per unit is about 30 cents, compared to 8-14 cents for a solar pump. Solar is slowly but surely becoming a bankable technology, with several companies raising funds through innovative financing structures such as yieldcos and green bonds. But our health, agriculture, disaster management and water colleagues are glad to have help from the energy practice to make sure they can get the appropriate quality equipment at the best prices.
Unquote
http://blogs.worldbank.org/energy/s...y-babies-and-happy-farmers?CID=EXT_TWBN_D_EXT
Read this World Bank blog:
Quote
Until recently, the biggest hurdle in adopting solar power was the high upfront cost (more than $3 per watt before 2010) and lack of project financing for solar projects.
But much of that has changed. In the last four years, solar module prices have fallen more than 70% (less than $1 a watt), and per unit cost of solar power (kwh) has fallen from 30 cents per unit in 2010 to less than 8 cents per unit not only in India but also in Brazil, Chile, UAE and other countries.
For instance, if we compare solar power with diesel generated power in an off grid scenario in India, the cost of power from a diesel-powered pump for irrigation in agriculture sector per unit is about 30 cents, compared to 8-14 cents for a solar pump. Solar is slowly but surely becoming a bankable technology, with several companies raising funds through innovative financing structures such as yieldcos and green bonds. But our health, agriculture, disaster management and water colleagues are glad to have help from the energy practice to make sure they can get the appropriate quality equipment at the best prices.
Unquote
http://blogs.worldbank.org/energy/s...y-babies-and-happy-farmers?CID=EXT_TWBN_D_EXT
