According to a report by CEEW and WWF-India, we can significantly reduce peak-load demand on the electric grid, especially during the day time, by using ‘Solar air conditioning and refrigeration system.’
As per another report, it has been stated that the electricity generation cost by solar has gone down upto 60%, and by 2017 it will obtain what is called as “Grid Parity,” i.e., it will be equivalent to the cost of electricity produced via coal and other thermal power plants.
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