India Solar Market: 54 MW in 2010 to 9,000+ MW in 2016
Quick News: GTM Research and Bridge to India have published a new report, The India Solar Market: Strategy, Players, and Opportunities, that finds that while solar power has had a minimal role in India’s energy mix to date, the sun-lucky nation is going to turn that all around and become a solar powerhouse in the next few years. Increasing power demand, increasing fossil fuel prices, an ambition national solar plan (the Jawaharlal Nehru National Solar Mission), solar incentives offered by states, renewable and solar energy quotas, and quickly falling solar costs are likely to drive the India solar market to over 9,000 megawatts (or 9 gigawatts) by 2016.
For more info, check out the link above or A Tale of Two Markets: How National and State Incentives Are Spurring Solar in India.
Image via GTM Research
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