India’s total installed solar capacity, including rooftop and off-grid projects, has crossed 10 gigawatts (GW), according to Bridge To India, a renewable energy-focused consultancy and research firm.
The country has a target of setting up 100GW of solar energy capacity by 2022.
India is expected to add new solar capacity of 5.1GW this year, a growth of 137% over last year, Bridge To India said. It expects annual capacity addition of about 8-10GW from next year.
“The pace of sector activity has picked up tremendously in the last two years because of strong government support and increasing price competitiveness of solar power. India is expected to become the third biggest solar market from next year onwards, after China and the US,” the consultancy said in a statement.
Tamil Nadu has the highest installed solar energy capacity, followed by Rajasthan, Andhra Pradesh, Gujarat, Telangana, Madhya Pradesh and Punjab.
These seven states collectively account for more than 80% of the total installed capacity as of mid-November.
SoftBank Group, ReNew Power Ventures Pvt. Ltd, First Solar Inc., Tata Power Co. Ltd, Adani Power Ltd, CLP India and Fortum Oyj are some of the major solar project developers in India.
India raised its 2022 solar energy target fivefold to 100GW from an earlier target of 20GW as part of the Narendra Modi-led National Democratic Alliance (NDA) government’s efforts to reduce dependence on coal-fuelled electricity. Of the planned 100GW capacity, 40GW has to come from rooftop solar projects and 60GW from grid-connected solar projects. India crossed 1GW in total installed rooftop capacity last month.
The government’s solar park scheme has been instrumental in tackling the two major hurdles of land acquisition and power evacuation for project development in the sector, Bridge To India said.
The country has a target of setting up 100GW of solar energy capacity by 2022.
India is expected to add new solar capacity of 5.1GW this year, a growth of 137% over last year, Bridge To India said. It expects annual capacity addition of about 8-10GW from next year.
“The pace of sector activity has picked up tremendously in the last two years because of strong government support and increasing price competitiveness of solar power. India is expected to become the third biggest solar market from next year onwards, after China and the US,” the consultancy said in a statement.
Tamil Nadu has the highest installed solar energy capacity, followed by Rajasthan, Andhra Pradesh, Gujarat, Telangana, Madhya Pradesh and Punjab.
These seven states collectively account for more than 80% of the total installed capacity as of mid-November.
SoftBank Group, ReNew Power Ventures Pvt. Ltd, First Solar Inc., Tata Power Co. Ltd, Adani Power Ltd, CLP India and Fortum Oyj are some of the major solar project developers in India.
India raised its 2022 solar energy target fivefold to 100GW from an earlier target of 20GW as part of the Narendra Modi-led National Democratic Alliance (NDA) government’s efforts to reduce dependence on coal-fuelled electricity. Of the planned 100GW capacity, 40GW has to come from rooftop solar projects and 60GW from grid-connected solar projects. India crossed 1GW in total installed rooftop capacity last month.
The government’s solar park scheme has been instrumental in tackling the two major hurdles of land acquisition and power evacuation for project development in the sector, Bridge To India said.
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