A review of India’s National Solar Mission by a committee of the Indian Parliament has revealed the massive extent of the government’s plans to reach the 100 gigawatts of installed capacity by March 2022.
Mercom Capital Group has once again revised its estimates for solar power capacity addition in India for the calendar year 2017. The research group had earlier estimated that more than 9 gigawatts of solar power capacity would be added this year.
The rapid growth in renewable energy sector in India will easily overtake that in the thermal power sector and would result in more renewable energy capacity being operational than thermal power capacity by 2027, the latest economic survey of the Indian government has stated.
From the quarters starting April 2016 and ending March 2017, India saw more renewable energy capacity added to its grid than thermal power capacity. This is perhaps the first time in India’s history when renewable energy capacity dominated thermal power capacity.
India added the least renewable energy capacity it has added in six quarters during Q2 2017, which is also 25% less than what was added during the same period last year.
Clean air and a livable climate are inalienable human rights. And solving this crisis is not a question of politics. It is a question of our own survival.
One of India’s leading solar power project developers — Azure Power — managed to raise $500 million through a bond sale to overseas investors.
India’s first attempt to include battery-based storage with utility-scale solar power projects has failed.
India installed an impressive 4.8 GW worth of solar in the first half of 2017, according to new figures published by Mercom India Research, which is even more impressive when you consider that the country only installed 4.3 GW in all of 2016.
India’s second largest steel maker, Tata Steel, recently commissioned the country’s first solar power project located at an iron ore mine.
