According to the Indian Minister of Power, solar installations in India are expected to double in the next 15 months to cross 20 GW by June 2018. As of March this year, installed solar power capacity crossed 10 GW, four times the installed capacity three years ago.

The sector has reached a certain maturity level which will lead to the country becoming self-reliant in meeting its green energy requirement. The proof is the drastic reduction in solar power costs, becoming comparable with thermal power in India, added Mr. Goyal.

According to Mercom’s India Solar Project Tracker, cumulative solar installations in India are ~10.8 GW with a solar project pipeline of ~14 GW.