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India: Rising Diesel Prices Boost Attractiveness of Solar Thermal

Submitted by Baerbel Epp on April 19, 2013

India’s government announced at the beginning of this year that it would gradually increase the price of diesel by INR 1 each month for the following 10 months. The government is aiming to bring retail prices in India on a par with international crude prices, in order to reduce the subsidy burden on the public budget. The chart shows that the industrial sector accounts for 8% of the country’s entire diesel consumption. The rising prices will certainly hurt the industries which have already paid much for electricity. Solar thermal technologies, however, can replace these expensive diesel systems: with an average of 300 clear sunny days per year, solar has a nature-given advantage over other energy sources.
Source: Government of India

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