Originally published on Sustainnovate.
Officials at the Indian Ministry of New and Renewable Energy are ‘very confident’ of achieving the ambitious target to add 12 GW solar power capacity in the current financial year – April 2016 to March 2017.
India plans to have 100 GW of operational solar power capacity by March 2022 and has, thus, announced ambitious annual capacity addition targets. The current installed solar power capacity in India stands at just over 5 GW.
India added 3 GW solar power capacity in the previous financial year, against a target of 2 GW. Thus, the ministry officials are quite optimistic of achieving even higher targets.
India’s solar power pipeline remains extremely strong, with several gigawatts of capacity under various stages of development. Scores of large-scale power projects were auctioned last year under the central government as well as state-level policies.
A number of states have lined up large solar power auctions over the next few months. Additionally, the central government will soon initiate the process of auctioning ultra mega solar power projects that represent a cumulative capacity of around 20 GW.
Some of the states likely to see sharp increases in installed capacity this year include Telangana, Punjab, Rajasthan, Madhya Pradesh, and Uttar Pradesh. A bulk of the capacity is expected to be added through central government policies and programs being executed by public sector companies like NTPC Limited.