India’s solar power capacity crosses 10,000 MW

  1. India has achieved a major milestone in solar power capacity addition.
  2. Cumulative solar capacity, including rooftop and off-grid segments, has crossed 10,000 MW in the country.
  3. Pace of sector activity has picked up tremendously in last two years because of strong government support and increasing price competitiveness of solar power.
  4. India is expected to become the world’s third biggest solar market next year, after China and the US.
  5. Average annual capacity addition of 8-10 GW per annum is expected from next year.
  6. Utility-scale solar accounts for more than 85 per cent of total installed capacity.
  7. Rooftop solar, so far about 10 per cent of the sector, has also grown at a healthy CAGR of 98 per cent between 2011 and 2015 and is expected to play an increasingly important role in the sector.
  8. Improving net metering implementation and subsidy disbursal are expected to lead to a significant demand boost for rooftop solar across consumer segments.
  9. There is also a strong impetus on increasing rooftop solar deployment in governmentowned buildings.
  10. However, the off-grid segment, which is important from the point of view of increasing access to electricity and relieving stress on the transmission grid, has reached 360 MW till mid-November 2016.
  11. Solar park scheme has also been instrumental in tackling the two major issues of land acquisition and power evacuation for project development.
  12.  8 green energy corridors are under construction, with financial assistance from German development bank KFW, to evacuate and integrate the growing share of renewable energy into the grid. The corridors will allow transmission of solar power from the solar rich states to other states.
  13.  Growing solar market in India has attracted the attention of leading investors from both India and other countries, including the US, Europe, Japan and China.

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