Published on February 26th, 2013 | by Joshua S Hill6
India Has Allocated 1172 MW Of Solar Power In Three Years
India’s Ministry of New and Renewable Energy (MNRE) revealed that they have assigned 1172 megawatts (MW) of grid-connected solar power plants, and of these so far 369 megawatts (MW) have already been commissioned.
The total number of plants include one 2.5 MW solar thermal plant and 131 photovoltaic plants, of which 65 comprise locally made solar cells and modules.
Meanwhile, the MNRE add that bids for photovoltaic tariffs under the first and second phases of India’s Jawaharlal Nehru National Solar Mission (JNNSM) averaged Rs. 12.16/kWh (around US$0.22, or €0.17) and Rs. 8.77, respectively.
The table below presents the solar power capacity installed in the various Indian states over the last three years, according to MNRE:
|State||Installed capacity (MW)|
India’s solar industry has popped up in the news frequently of late. Earlier this week it was announced that the “municipal corporation of Anantapur in the south Indian state of Andhra Pradesh is set to become the first municipality in the country to set up a solar power project to power its water pumping operations and street lights.”
The impressive plan includes installation of 5 MW of a solar PV project in the city. The project will be connected to the state’s power grid and will power the water pumping and street lights of the entire municipality’s area.
While earlier this month Lux Research released a report that contends the solar industry must now “target high-growth markets such as China and India in an attempt to transform in a cost-conscious environment.”
“While some historically strong demand markets will continue to pay dividends, the real winners going forward will need to make a few well-informed bets,” said Matt Feinstein, Lux Research Analyst and the lead author of the report titled, Past is Prologue: Market Selection Strategy in a New Solar Policy Environment.
The remaining 803 MW of solar power already assigned will hopefully start overlapping with new assignments and developments as 2013 proceeds and the solar industry starts investing in India’s growing population and need for cheap, renewable electricity.