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.
Priya currently serves as the Publisher for MercomIndia.com. With more than a decade of experience working in corporate communications, research, and policy, Priya has deep roots in the Indian energy markets and is regularly in touch with policy makers and industry leaders. Priya received her bachelor’s degree from Vidya Vardhaka College of Arts in Bangalore, India for Political Science and Economics and completed her MBA from Bangalore University. More articles from Priya Sanjay.