India Could Be Solar Energy's Next Oasis
Two years ago, India's solar market was basically non-existent. According to the World Resources Institute, the country had 2.9 Gigawatts (GW) of solar installed at the end of 2015, about as much as the U.S. installs each quarter.
But the country is in desperate need for new, cheap electricity and has found that solar energy is more cost-effective than coal or natural gas. And that's driving a boom that could help reshape the power centers of solar demand.
Image source: First Solar.
Source: Fool.com