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posted by martyb on Saturday June 27 2015, @10:56PM   Printer-friendly
from the brilliant-idea dept.

India might be short on many things, but sunlight isn't one of those, which makes the country a perfect place for solar power. There's starting to be some political support for the clean source of energy (India is currently very dependent on coal) up to the highest levels of government, with the new prime minister Narendra Modi wanting to use it as a way to bring power to the 400 million Indians who are currently lacking access to electricity. Modi … has set a goal of 100 gigawatts of solar capacity, which would be a big jump from the 4.1 gigawatts that are currently connected to the grid. At about $1 per watt, that is estimated to cost about $94 billion, a substantial sum in any country, and even more so in India.

But solar in India is also starting to attract the attention of businesspeople with deep pockets, like Japan's Masayoshi Son, the founder and CEO of SoftBank, a very large global telecommunication and technology company (with stakes in SoftBank Mobile in Japan, Sprint in the U.S., Alibaba in China, etc). He is said to want to invest $20 billion over the next 10 years, working with Bharti Enterprises Pvt and Foxconn Technology Group, to build about 20 gigawatts of new solar capacity in the country. This investment alone could represent about 1/5 of Modi's solar target.

India has two times more sunshine than Japan and construction costs for solar parks that are half those of Japan, Son said. "Twice the sunshine, half the cost; that means four times more efficient," Son said. "So it makes a lot of sense to create large-scale solar power generation."

The solar panels will probably be manufactured in India, and sites in Rajasthan and Andhra Pradesh states are being considered.

Price per installed watt of solar has been falling sharply for the last 10 years. Projects of this scale will accelerate that. Time to short coal stocks?


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  • (Score: 3, Insightful) by isostatic on Sunday June 28 2015, @07:49AM

    by isostatic (365) on Sunday June 28 2015, @07:49AM (#202368) Journal

    What are we, outbrain?

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  • (Score: 2) by FatPhil on Sunday June 28 2015, @11:30AM

    by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Sunday June 28 2015, @11:30AM (#202401) Homepage
    Or any of the other clickbait sites. Thanks for raising the issue - it annoys me too.

    It's funny how one unnecessary word ("this") can make such a difference. If I see an "X does Y" link, then I expect the target of the link to be a story about that X, and the Y being done. So what was the "this" for? We're already persuaded that the target is about the link text, because that's how link texts are supposed to work!??!?! I guess it's some stupid attempt to make headlines gramatically correct (per prose) sentences, so that those who've only reached 3rd grade reading comprehension levels don't get too confused. But headlinese has always had its own laxer grammar, that's not a problem, so it doesn't need solving.
    --
    Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
    • (Score: 2) by isostatic on Sunday June 28 2015, @04:20PM

      by isostatic (365) on Sunday June 28 2015, @04:20PM (#202444) Journal

      It's just one word. Compared with the usual gewg or Hugh Pickens crap it seems a fairly good article - summary's a bit long but nonetheless.

      But the first 40 bits let it down and file it in the "junk" part of my brain :(

      Actually concentrate on the summary and it's a really good story, far better than average. One fixkin word.

  • (Score: 2) by LoRdTAW on Sunday June 28 2015, @12:27PM

    by LoRdTAW (3755) on Sunday June 28 2015, @12:27PM (#202414) Journal

    Unfortunately, Soylent copied the article text verbatim as well as the headline. I prefer a Soylent written summary and Title. If the article is click bait nonsense, give us warning.