(a) the details of reduction in the capital cost of solar power (Rs.kw) over the last three years and the
current year globally and in the country; and
(b) the projections for it during the next five years?
(a) the details of reduction in the capital cost of solar power (Rs.kw) over the last three years and the
current year globally and in the country; and
(b) the projections for it during the next five years?
THE MINISTER OF NEW AND RENEWABLE ENERGY(DR. FAROOQ ABDULLAH)
(a)&(b): The cost of solar photovoltaic (PV) modules has reduced during the last five years. As per
some of the estimates the reduction is from average cost of US $ 4,200 per kW to US $ 2,700 per kW. During
the same period, in India the average cost has reduced from about Rs. 1,80,000 per kW to Rs. 1,45,000 per kW.
The present trend indicates that the cost will continue to decline due to global R&D efforts, expanded
utilization of solar PV modules for various applications and volume production. Some of the international
reports have projected that in the next five years, the cost of PV modules could come down to
US $ 1,000 – 1,500 per kW.Indian cost of PV modules is also expected to reduce on the same line to
Rs. 60,000 – 80,000 per kW by that time.