On its way to a targeted 175GW of renewable energy installations by 2022, India has now surpassed 50GW of deployment, according to data from the Ministry of New and Renewable Energy (MNRE).
Solar continues to be deployed at an extreme pace, while the wind sector is being progressed through competitive auctions, said consultancy firm Mercom Capital Group. For example, Solar Energy Corporation of India’s (SECI) first 1GW wind tender was oversubscribed.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Coal-based generation accounts for 60.1% of India’s total installed capacity of just more than 314GW as of 31 December 2016, according to the Ministry of Power. Meanwhile, renewable energy accounts for 16% of total generation at around 50GW. Hydro energy makes up 13.7%, with just more than 43GW.
Solar accounts for nearly 18% of all renewable energy generation, with Mercom forecasting more than 9GW of deployment to come up in the year 2017.
