India Crosses 5 GW Solar Power Installed Capacity Milestone
India marked yet another milestone in its quest to become one of the largest solar power markets in the world.
According to a report by consultancy firm Bridge To India, the total solar power installed capacity in India has now crossed 5 GW; including 4.7 GW of utility-scale solar and 525 MW of rooftop solar power capacity. According to the report, around 2 GW worth of capacity has been added this year.
According to the latest figures released by the Ministry of New & Renewable Energy, solar power has overtaken biomass-based power generation technology as India’s second largest renewable energy technology, in terms of installed capacity.
Solar power capacity in India is expected to shoot up rapidly over the next few years as the central government and several state governments have lined up large tenders. In a document released in early October, the Ministry of New & Renewable Energy noted that around 4.8 GW capacity will be up for grabs over the next 6 months.
In the current financial year (April 2015-March 2016) the Indian government expects to add 4.3 GW solar power capacity. In the next financial year, around 10.8 GW capacity is expected to be added. If these estimates hold true, India will have around 19 GW of operational solar power capacity by March 2017. India plans to have an installed solar power power capacity of 100 GW by March 2022.
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