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' value="" > Sensing an explosion in demand, various countries began creating factories for producing solar panels and components. Alongside, research intensified to make panels that could convert more of sun's energy into electricity. A combination of large production capacities and improved efficiency caused the prices of solar panels to fall. About four years ago, to put up 1 MW of solar plant, it cost Rs.21 crore. Today it costs less than Rs.10 crore. Still, solar power remained significantly higher than conventional power. Fostering domestic solar industry, comprising both units that generated power and those that produce the equipment for doing so, still needed a policy push.
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