Power News We love to talk!

JAN 31 2018

India achieves 20,000 Mw solar capacity milestone years ahead of target

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 31st JAN 2018


India has achieved 20 gw (giga watt) cumulative solar capacity, achieving the milestone four years ahead of the target for 2022 originally set in the National Solar Mission. The achievement comes on the back of a major renewable energy push by Modi government, which after coming to power in 2014 had scaled up the target to 100 gw of solar capacity by 2022.

According to the latest India research report by green energy market tracker Mercom Capital, the utility-scale cumulative installations now stand at approximately 18.4 gw, with rooftop solar accounting for another 1.6 gw.

For the first time, solar was the top source of new power capacity additions in India during the calendar year 2017, with preliminary figures showing solar installations reaching 9.6 gw in this period and accounting for 45% of total capacity additions.

But the country has reached the milestone at a time when protectionist measures threaten to slow down activity in the industry. The pace of overall solar installations is expected to be less impressive in 2018 as several protectionist government policies appear poised to increase costs and uncertainty.

"The government's revised solar installation target of 100 gw by 2022 has recently been clashing with PM Modi's 'Make in India' initiative to promote domestic manufacturing. The recommendation for 70% safeguard duty on (solar panel) imports, the ongoing anti-dumping case, and a 7.85% port duty on imported modules are together creating an atmosphere of regulatory uncertainty that is taking a toll on the industry and slowing down installation activity," the Mercom report quoted CEO Raj Prabhu as saying.

The rooftop solar sector also witnessed steady growth in 2017 alongside the rise in grid-connected utility-scale capacity. In a display of government's commitment to this segment, solar power producer Azure Power on Tuesday won a project to electrify 152 schools with rooftop solar projects of 11.35 mw. The company will sign the agreement with Navodaya Vidyalaya Samiti, an autonomous body 


TOTAL Sri Prabhu Lingeshwara Sugar & Chemical Ltd Grid Renewable Energy Energy National Solar Mission Azure Power Power India solar power Solar

Related News

  • Govt calls for end to extravagance as it works on climate plan  Read more
  • Indian Railways to add 400 Megawatt solar power capacity current fiscal  Read more
  • Rosneft deal: Billionaire Ruia brothers' stake in Essar Oil may fall below 10%  Read more
  • Power min plans to Give Renewable Energy Tag to Supplies for Large Hydro Projects  Read more
  • Supreme Court reserves order on coal block allocations  Read more
  • Caution brings decision-making to near-halt at Coal India  Read more
  • 117 more villages get electricity link  Read more
  • Atria Power in talks to raise $100 million in structured debt from Piramal  Read more
  • Need for energy storage for EVs  Read more
  • Upstream oil companies like BPCL, HPCL and others to pay $11.4 billion fuel subsidy for 2013/14  Read more