The large scale solar plants in Texas again comes into the news lines by the latest solar energy boom. The news solar plants emerging in oil fields in Texas bringing new chapter in electricity market. In Texas the solar plants building up the noticeable energy farms even with any incentives or subsidies available for Californian solar plants.
$1 Billion Investment for Solar Farms in US
Only $1 billion investment is modifying the Permian Basin oil farms into responsive and energy efficient solar farms. Very latest to India, where a whole crowd is celebrating the world’s first solar energy powered airport named Cochin International Airport (CIAL). The media support and press releases are focusing on the news of new solar energy boom in Texas.
First Solar Powered Airport Booms India
When Cochin International Airport achieve a great mark of 50000 to 60000 units of Electricity from 46,150 solar panels arranged with 45 acres near to its cargo session building, a Limited Liability company named OCI Solar Power successfully build a solar farm which is equal to 900 football grounds. When Cochin International Airport was written in the record book of history as the world’s first solar powered airport, which was able to generate 12 MW from 46,150 solar panels fixed within 45 acres, OSI LLC became the second biggest solar project in US. And the first position as biggest solar farm in US goes to an Arizona company, which laid more than 400,000 solar panels with a production capacity of 30 MW electricity.
Tax & Revenue Gains for Government
While the news agencies has widely reporting the first solar profit surges high revenue and tax gain for Government, subsidies offered and incentives reported are seen more profitable in both side of productivity and utilities. Same time many high tech solar energy projects fails to deliver the anticipated amount of productivity.
Financial Aid & Subsidies for Solar Plants
A subsidiary company of Canadian Solar Inc. named Recurrent Energy and the utility scale farms commissioned by SunEdision Inc. comes next level with solar energy farms in the list of under construction.
In comparison of state level financial aid and support to various solar energy plants, in the States of California, Niveda & North Carolina achieved sufficient funds for the completion of projects. No financial aid or subsidies are granted by the federal system of Texas for solar energy projects. In situations of very less encouragements and financial supports, most of the solar farms of Texas tempered with the general boom of solar energy.
Solar Energy Boom in Taxas with Financial Support
The current solar boom in Texas will enable the state to achieve an energy sufficiency similar to current total solar energy productivity of entire US. Which will be equal to 12,500 MW by the year ending of 2029. The Government officials and technical experts are of the opinion that the price falling in solar plant components leads to the current booming situation. According the System planning director Warren Lasher, the decade end will witness the energy sufficiency since solar energy will become the most cost effective source for electricity production.
$3 Billion Investment in India For Solar Plants
When US companies are competing to spend $1 billon on solar energy productivity, Adani group an Indian based business group has talk with Japan Softbank and foxconn to invest $3 billion for solar plants in India. The media already published some news about Foxconn has agreed to invest $1 billion in India for production of solar panels & solar energy plant installation in India.
Solar Company News Blog 