New solar cell to help save money
The University of New South Wales (UNSW) today said its new solar cell technology can help India save Rs. 6,000 crore annually in operational costs.
The technology will be showcased during a roundtable discussion in Sydney with Renewable Energy Minister Piyush Goyal on Thursday, UNSW said in a release.
According to the release, UNSW has developed Passivated Emitter and Rear Cell (PERC) technology which is already becoming the commercial standard in the global solar industry.
UNSW Scientia Professor Stuart Wenham said, “The jump in efficiency could result in massive savings for the Government of India’s renewables agenda. With our technology, the cost of producing one gigawatt of solar power is reduced by USD 6000.
For India to achieve its goal of 100 gigawatts of solar power capacity by 2022, it needs to build around fifteen gigawatts of solar power every year. Our technology means potential annual savings of up to USD900 million (around Rs. 6000 crore)”.