Correct Answer - Option 3 : 1, 2 and 3
Statement 1:
To encourage the adoption of solar energy production, many State Governments and the Centre have announced plans by way of buy back as well as subsidies for installation.
Statement 2:
A simple rule of thumb is to take 100 sqft for every 1kW of solar panels. Extrapolating this, a 1 MW solar PV power plant should require about 100000 sqft (about 2.5 acres, or 1 hectare).
So, we need a large area for solar energy production and the land acquisition is necessary for this purpose which is a major bottleneck.
Statement 3:
The capital cost of solar power plant is very high as the cost of solar panels is high. Considerable R & D effort is needed to bring down the cost of P - V cells.