Solar energy generation continues to increase. In 2016, solar produced 3,072.41 million more units compared to the seven-month period from April to October in 2015.
The numbers show how far solar has yet to go to become a significant source of electricity generation in the country. On the positive side, the electricity generated through solar has been increasing exponentially.
According to Mercom’s India Solar Project Tracker, over 4 GW of solar has been commissioned this year compared to 2.3 GW in all of 2015. Government policies and subsidies are helping the sector grow. With solar installations forecasted at more than 9 GW in CY 2017, the share of solar power generation is expected to continue increasing.
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.