Due to the cost of rising coal prices and a decrease in the cost of wind power (which has dropped considerably in recent years), the cost of wind power in some parts of India has fallen below that of electricity from coal power plants (not even taking health or global warming externalities into account).
Harish Hande, the founder of Selco India, a solar electric light company started in 1995, has lit up more than 120,000 households, to emerge as India's leading entrepreneur in solar energy.
MUMBAI: The ministry of new and renewable energy has initiated the development of solar cities. The programme has been designed to encourage urban local bodies to prepare a road map to guide their cities in becoming 'renewable energy cities' or 'solar cities'.
Catastrophe risk modeling firm AIR Worldwide, which is based in Boston, has released a cyclone model for India. The new peer-reviewed model, which was developed out of AIR’s Hyderabad office, captures the effects of wind and precipitation-induced flooding on insured properties in India, enabling companies to assess cyclone risk in the region more fully and accurately, the company said.