‘Investment in solar power projects to double by 2015’
New DelhiWith investment in solar power projects expected to double in the next five years, photovoltaics could account for nine percent of the global power demand by 2030, according to a study released here today. Photovoltaics (PV) is a method of generating electrical power by converting solar radiation into direct current electricity using semiconductors. The study by the European Photovoltaic Industry Association (EPIA) and environment protection group Greenpeace International said that investment in solar projects will increase from Rs.215 billion (around $4,800 million) today to Rs.430 billion ($9,600 million) in…
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