Resource detail

The JNNSM (Jawaharlal Nehru National Solar Mission Phase-1) is poised to make India a global leader in the development of solar power as its green growth agenda increased the installed capacity from around 30 MW to more than 2,000 MW, according to a World Bank report. What is significant is that JNNSM has been instrumental in bringing down the cost of power to a level that is competitive across the world, says the report. It has reduced the costs of energy to $0.15 per kWh, making India amongst the lowest cost destinations for grid-connected solar Photovoltaic (PV) in the world. The report, ‘Paving the Way for a Transformational Future: Lessons from JNNSM Phase1,’ says solar power can reduce India’s dependence on imports of diesel and coal for power generation, cut greenhouse gas emissions and contribute to energy security. Growth in this sector will help India increase its share of clean energy and meet its target of reducing emissions per unit of its GDP by 20-25 per cent by 2020 over the 2005 levels.