CleanTechnica is the #1 cleantech-focused
website
 in the world.


Clean Power solar panels india

Published on January 3rd, 2012 | by Zachary Shahan

4

India Solar Market Could Hit 33.4 GW by 2022

Share on Google+Share on RedditShare on StumbleUponTweet about this on TwitterShare on LinkedInShare on FacebookPin on PinterestDigg thisShare on TumblrBuffer this pageEmail this to someone

January 3rd, 2012 by Zachary Shahan
 
 

solar panels india

As mentioned in my 2012 solar energy expectations yesterday, I think India’s got a good chance of shooting onto the solar power map this year. Following up on solar in India, a recent report by Bridge to India estimates that the country will have 33.4 gigawatts (GW) of solar power installed by 2022, far more than the 20 GW that are targeted by India’s National Solar Mission (NSM).

The report projects that 14.15 GW will already be on the ground in 2018, and it also projects that solar will hit grid parity in India at that time, which would make it a far more attractive energy option for those who care only about the market price of solar (not the health, environmental, and energy insecurity costs of relying on fossil fuels).

The report projects that a combination of economies of scale and technological improvements will continue to bring solar’s costs down in the coming few years.

However, the report notes that there currently isn’t enough government support for small or off-grid solar power applications. Government subsides too heavily focus on utility-scale solar PV projects.

“40 percent of the population does not have access to the grid,” says Kadampat Punnan Philip, manager of the Indian Renewable Energy Development Agency (IREDA). “But even the villages connected to the grid can benefit from solar power because the Indian grid is so unreliable.”

Note that solar power is cheaper than diesel in India now (according to reports last month) and some industry insiders are projecting solar costs in India will drop 40% by 2015.

Solar panels in India by fredericknoronha

Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.

Print Friendly

Share on Google+Share on RedditShare on StumbleUponTweet about this on TwitterShare on LinkedInShare on FacebookPin on PinterestDigg thisShare on TumblrBuffer this pageEmail this to someone

Tags: , , , , , , , , , , , , , , ,


About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.



Back to Top ↑