(MENAFN) The price of solar power in India has fell in recent months to levels equaling that of coal, placing the renewable source as a viable mainstream option in a nation where almost 300 million people live without electricity.
Solar is very competitive, and electricity from solar could actually be 10 percent cheaper than domestic coal by 2020, as top experts anticipate, thus it's a huge relief for countries like India which want to get more and more solar power.
As the country's largest cities are currently suffering from frequent power outages, the government has made access to electricity a top priority, and has set the target of producing 24-hour power available to all 1.3 billion Indians.
In more detail, to develop the power supply, authorities has set a clear goal of bringing 100 gigawatts of solar-based power online by 2022, which represents a twenty-fold increase from current levels.
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