Crossing the hurdles lying in the road of achieving “The Solar Energy Dream” in India
Tuesday, May 24, 2011 2 comments
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What are the single most factors that determine the success of a solar energy project? They are data and more importantly useful data. We need dynamic maps, GIS data and analysis tools to determine the profitability of a power plant. The reason why USA is a forefront in every aspect of business is because of their hands-on exhaustive relevant data. An example of the same for solar energy domain is NREL's website for people interested in solar energy. And, this where India is currently lacking.
Many banks and other financing institutions need to establish that they are assured of fixed payments after they disbursed the huge capital outlay required for a solar energy plant. After googling for a while, I found MNRE provides such data. Also, the website provides a direct link to the NREL website as I have provided above. But the question remains, "Is this all we need to establish that the solar project once commissioned would be successful?"
On the flip side, there is some good news coming your way. The union ministry for environment and forests (MoEF) has clarified that there would be no environmental clearance required for Solar PV projects in India. This would ease the whole bureaucratic process the solar project developers face in obtaining financial closure. Finally a breather for all solar power project developers in India!