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FEB 17 2016

Indias solar catching UK with over 9GW seen online by March

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 17th FEB 2016

India’s installed solar capacity will probably cross the 9 gigawatt threshold by March, bringing the country closer to Prime Minister Narendra Modi’s ambitious renewable energy targets, according to a government website.

 India added about 5.25 gigawatts of new solar capacity to the grid as of 31 January after ending the previous year with 3.7 gigawatts of installed capacity, according to data on the ministry of new and renewable energy’s website. An additional 1.5 gigawatts were installed at the Jawaharlal Nehru National Solar Mission.

 Modi’s campaign to generate 100 gigawatts of solar power by 2022 is elevating India into the ranks of the world’s top solar-power-producing nations. At 9.1 gigawatts, the UK is the eighth biggest solar-power producer last year, according to Bloomberg New Energy Finance. India’s investment push has has attracted companies including the SunEdison Inc, SoftBank Group Corpand Fortum OYJ.

 Another 3.8 gigawatts of solar projects should be commissioned by 31 March, almost all of which will be through state-led policies, according to the website. The government said an additional 12 gigawatts of capacity will be added in fiscal-year 2017, which begins 1 April.

Tags

Finance Grid Renewable Energy Jawaharlal Nehru National Solar Mission Ministry of New and Renewable Energy Energy National Solar Mission Power India solar power Solar

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