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According to statistics, in December 2010 the price for solar power energy fell by 28%. If you consider the fact that the EU reduces subsidies to the development of green economy, the Indian government is doing everything to elaborate the alternatives to gas and oil.
By 2017 the country plans to invest $ 400 billion in the development of solar energy. India is undergoing a shortage of energy as many people merely sit without electricity. Therefore, suppliers of alternative energy for the first time agreed to provide power for the price, which is 2 times less than the price of diesel. Coal remains the cheapest fuel but how to be without electricity?
Two largest companies in India Bharti Airtel Ltd. and Jain Irrigation Systems Ltd. switched to the use of solar energy not only out of solidarity to the alternative energy but also because of the availability and stability in the supplies of power.
India is the third largest state in terms of energy consumption, so it has to look for the cheapest and uninterrupted supply of raw materials.
More and more companies are transmitting to solar energy. Solar energy and diesel are 2 key sources in India whatever people might have believed.