India had an 85 percent increase in solar power generated year-over-year, with 10.6 billion units in the 10 month period from April to January (FY 2016-17). Solar accounted for 1.02 percent of all power generated in India during this timeframe, according to the Central Electricity Authority (CEA). Solar now accounts for 15.07 percent of entire renewable energy generation in India.
Compared to the same period in the previous financial year (April 2015 – January 2016), 4.8 billion more units of solar were generated.
There were 70.13 billion units of electricity generated from renewable energy sources during this 10-month period (April 2016-January 2017), much higher compared to the 65.78 billion units of electricity generated by renewable energy sources in the entire FY 2015-16.
According to Mercom’s India Solar Project Tracker, 12.5 GW of solar are under various stages of development. From the financial year 2017-18 onwards, we are targeting achievement of 10 GW solar installations every year, commented a Ministry of New and Renewable Energy (MNRE) official.
Wendy is a co-founder of Mercom Capital Group, the parent company of Mercom India. Wendy is a contributing editor at MercomIndia.com and is responsible for content quality across the company and products. She has over 15 years of business and finance experience in the energy and technology markets. In addition to Mercom, Wendy has written for many other clean energy-focused blogs and publications. More articles from Wendy Prabhu.