Sunday, 18 December 2011

Solar Power Costs Less Than Diesel, In India.

"It ain't half hot mum".   I'm not sure if there's so much sunshine in India that the financial ratios applied to UK installations don't apply, or if diesel is VERY cheap...

French company Solairedirect is claiming it can produce electricity at 16p (€0.107) per kWH, compared to the current price of diesel, 21p (€0.191) See full report. Link

Surely there's a lesson here for financial investors and for governments around the world. Can't we help the indigenous populations of hot countries by building solar plants? They gain employment, infrastructures and skills, whilst the developed first world counties reduce their carbon footprints.
Naively, It seems like a win-win situation? What do you think?


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