India’s $100 billion solar power binge ready to roll

Tallbloke's Talkshop

Power to the people? [credit: inhabitat] Power to the people?
[credit: inhabitat]
Good news for solar panel makers as electricity-starved India starts on a massive expansion plan, reports Reuters (in NewsDaily):

India’s $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, no longer protected by government restrictions on the sector.

The money pouring into India’s solar industry is likely to be soaked up by foreign-organized projects such as one run by China’s Trina Solar – not the country’s own solar panel manufacturers.

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