With reference to technologies for solar power production, consider the following statements:
- 'Photovoltaics' is a technology that generates electricity by direct conversion of light into electricity, while 'Solar Thermal' is a technology that utilizes the Sun's rays to generate heat which is further used in electricity generation process.
- Photovoltaics generates Alternating Current (AC), while Solar Thermal generates Direct Current (DC).
- India has manufacturing base for Solar Thermal technology, but not for Photovoltaics.
Which of the statements given above is/are correct?