Years Ahead, India Achieves 20 GW of Solar Energy Target

According to the latest India research report by green energy market tracker Mercom Capital, the utility-scale combined establishments now remain at around 18.4 gw, with rooftop solar representing another 1.6 gw.

India has accomplished 20 GW (gigawatt) aggregate solar limit, accomplishing the turning point four years in front of the objective for 2022 initially set in the National Solar Mission.

The accomplishment returns on the of a noteworthy sustainable power source push by Modi government, which in the wake of coming to control in 2014 had scaled up the objective to 100 gw of solar energy target by 2022.

According to the latest India research report by green energy market tracker Mercom Capital, the utility-scale combined establishments now remain at around 18.4 gw, with rooftop solar representing another 1.6 gw.

Out of the blue, solar was the best wellspring of new power limit increments in India amid the logbook year 2017, with preparatory figures demonstrating solar establishments achieving 9.6 gw in this period and representing 45% of aggregate limit augmentations.

However, the nation has achieved the turning point when protectionist measures debilitate to back off action in the business. The pace of general solar establishments is relied upon to be less amazing in 2018 as a few protectionist government strategies seem ready to expand expenses and vulnerability.

“The government’s revised solar installation target of 100 gw by 2022 has recently been clashing with PM Modi’s ‘Make in India’ initiative to promote domestic manufacturing. The recommendation for 70% safeguard duty on (solar panel) imports, the ongoing anti-dumping case, and a 7.85% port duty on imported modules are together creating an atmosphere of regulatory uncertainty that is taking a toll on the industry and slowing down installation activity,” the Mercom report quoted CEO Raj Prabhu as saying.

The rooftop solar additionally saw relentless development in 2017 close by the ascent in network associated utility-scale limit. In a show of government’s sense of duty regarding this portion, solar power maker Azure Power on Tuesday won a venture to jolt 152 schools with rooftop solar tasks of 11.35 MW. The organization will consent to the arrangement with Navodaya Vidyalaya Samiti, a self-sufficient body under HR improvement service.

Source: ET Energy World