Solar modules to cost less with volumes, says Solarplaza chief

V. Rishi Kumar Hyderabad | Updated on January 24, 2011 Published on January 24, 2011

Like every passing year better cars are introduced with more features, solar modules will get cheaper as production volumes increase as is the case with the lowering prices of flat screens, according to Mr Edwin Koot, Chief Executive Officer of Solarplaza, the Netherlands-based company.

In India there is limited experience with solar power purchase agreements (PPAs).

This is crucial for the sector's growth of the sector in making projects financially viable.

He maintains that investment costs continue to be major issue as developers require at least 15-20 years loan options with attractive interest rates.

Solar potential

According to Mr Koot, whose company is hosting a two-day event ‘The Solar Future: India 2011' during January 24-25 in New Delhi, “India is endowed with abundant sunlight 300 days in a year and with the Jawaharlal Nehru National Solar Mission in place and many State Governments encouraging the growth of the sector, India today has the potential to become a solar super power.”

Published on January 24, 2011
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