India to hit 20GW of solar in 15 months – power minister

Facebook
Twitter
LinkedIn
Reddit
Email
Goyal has urged for more and more people to seriously consider looking at domestic manufacturing of solar. Credit: Twitter

India is expected to double its installed solar PV capacity from 10GW to 20GW within 15 months, according to energy and mines minister Piyush Goyal, who is also encouraging manufacturers to locate in India.

The country passed 10GW on 10 March this year, having tripled its capacity in less than three years, but still well behind reaching its highly ambitious target of 100GW by 2022.

This article requires Premium SubscriptionBasic (FREE) Subscription

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

Or continue reading this article for free

Speaking  at the 4th annual ET Power Focus Summit in New Delhi, Goyal explained why the focus on domestic PV manufacturing has been far less successful than the downstream sector: “We needed to scale up this industry rapidly to demonstrate to the world that India is a large marketplace. India is a marketplace where domestic manufacturing can come and prosper and it was somewhat a chicken and egg story. If I had focused only on the domestic ‘Make in India’ programme, we would not have been able to get the kind of scale that we have been able to achieve in the last three years.”

Goyal added that the manufacturing facilities available in India when the ruling party was sworn in during May 2014 were insufficient to achieve the economies of scale that have seen solar tariffs reach record lows and start to compete with newbuild coal-fired power plants. However, while levelized tariffs reached lows of INR3.29/kWh (US$0.05) at Rewa in February, consultancy firm Bridge to India recently released a report calculating ‘harmonized tariffs’ for recent utility-scale tenders, which showed that the competitiveness of tenders has actually more or less stayed level.

Goyal said solar is now affordbale for India’s population by competing with thermal power, and has got to levels that can mitigate the resistance of Discoms to purchase this power.

He added: “That price now will define and determine the future of the solar industry.”

Of particular interest to the industry will be Goyal’s latest attempt to encourage manufacturers to set up in India, even though he recently said that a previously touted incentive package for domestic manufacturers would not be moving forward.

At the summit, he said: “At this scale of consumption I think domestic manufacturing will now get a leg up. I would urge more and more people to seriously consider looking at domestic manufacturing of solar.

“We in our ministry are working out what support is really required to make this industry sustain profitably in India, be self-reliant, be a good investment proposition. I believe modules have a reasonably good production base in India.

“I’m also told that it does not require any artificial support and many of you know that I’m one of those who believes that each industry should become self-reliant, should stand on its own feet, because subsidies tend to restrict growth of the sector.”

Given the “year of hell” facing most Indian manufacturers in 2017, as Bridge to India has described it, Goyal’s comments on unnecessary incentives are unlikely to be received well.

Read Next

June 9, 2025
Saatvik Solar, a unit of Saatvik Green Energy Limited (SGEL), is building a 4.8GW solar cell and 4GW module manufacturing facility in Ganjam district of Odisha.
June 5, 2025
Solar manufacturer Involt Energy has broken ground on its first solar cell manufacturing plant in the western Indian state of Gujarat, with an initial annual nameplate capacity of 1.78GW. 
June 5, 2025
Indian solar module manufacturer Vikram Solar has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) and raise capital through the public markets.
June 5, 2025
Investment in clean energy and grids will reach US$2.2 trillion in 2025, double the expected investment into fossil fuels this year, according to data from the International Energy Agency (IEA).
June 2, 2025
Arctech has partnered with ACME Cleantech Solutions to provide 175MW worth of solar trackers for an upcoming facility in Duqm, Oman.
May 30, 2025
Waaree Solar Americas – a subsidiary of Indian solar manufacturer Waaree Energies – has signed a 586MW solar module supply agreement with North Carolina-based Pine Gate Renewables.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece