Solar energy accounts for almost 1 percent of total power generated in India and 12 percent of the total renewable power generated in the country. Solar accounted for 5,791.54 million units of electricity produced in the country during the six-month period from April to September, 2016, the Central Electricity Authority (CEA) stated.
Solar energy generation has gathered steam, in the current year solar has produced 2,600.31 million more units compared to the six-month period from April to September in 2015.
Project commissioning has picked up and this has resulted in the share of solar witnessing an increase in the overall power generated in India.
According to Mercom’s India Solar Project Tracker, close to 3.6 GW of solar has been commissioned this year compared to 2.1 GW in all of 2015. Government policies and subsidies are helping the sector grow. With solar installations forecasted at more than 8 GW in CY 2017, the share of solar power generation is expected to continue increasing in the near future.
Raj is a recognized thought leader in clean energy markets where his work has influenced policies worldwide. He has a deep understanding of regulatory policy and clean energy markets and his market and opinion pieces are regularly published on both MercomIndia.com and other leading publications globally. Raj is also a regular speaker and presenter on clean energy policy and finance topics at conferences worldwide. Raj attended the KLE College of Science in Bangalore, India for physics and chemistry, and holds a Bachelor of Science Degree in Hotel and Institutional Management from Johnson and Wales University, Rhode Island. More articles from Raj Prabhu.