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India to add 11.4 GW of solar capacity every year: S&P Global

   February 12, 2019        155   

India will add 11.4 gigawatt (GW) of solar capacity annually for the next few years on the back of strong government push to achieve its targets, S&P Global Platts Analytics said in a report recently.

The report titled “Global Solar Outlook (2019-2025)”, however, sighted land availability, financial health of discoms, and grid availability as some key risks that could prevent a larger solar deployment in the medium-term.

According to the report, the upcoming 2019 general elections would be an important event for the sector, and as a result, little progress on the policy front was expected in the near term.

India to add 11.4 GW of solar capacity every year: S&P Global

Under the Jawaharlal Nehru National Solar Mission, launched as part of India’s National Action Plan on Climate Change in 2010, a target of 20 GW capacity by 2022 was set up, but was subsequently increased to 100 GW, of which 60 GW was of utility-scale.

Highlighting the Central Electricity Authority of India’s data, the report also said that India’s solar capacity reached 25.8 GW at the end of 2018 — with at least 13.8 GW under construction currently and 22.8 GW tendered under various schemes and state-level allocations.

ET Energy World