India’s total solar energy installations reached 4.1GW by the end of July this year, according to data released by the Ministry of New and Renewable Energy (MNRE).
The country has deployed nearly 358MW of grid-connected solar energy capacity in the first four months of this financial year 2015/16, with a target to deploy 1.4GW by the end of the fiscal year.
India has also installed 234MW of off-grid solar PV systems overall, but with none installed so far this financial year.
Meanwhile the country now has a total of nearly 9MW of solar water heating installations.
The latest report from consultancy firm Mercom Capital Group forecast that India will install 2.5GW of solar in 2015, significantly up from its previous forecast of 2GW, after the the Indian Cabinet officially approved the 100GW solar by 2022 target.
In other news, US Trade Representative yesterday said it supports the rapid deployment of solar in India despite a reported World Trade Organisation ruling against India’s local content policy for domestic manufacturers of solar equipment. In response, a leading analyst said that time that could have been spent investing in and collaborating on solar had been wasted in trade courts.