India releases annual targets for 100GW solar goal

Facebook
Twitter
LinkedIn
Reddit
Email

India’s Ministry of New and Renewable Energy (MNRE) has released a year-by-year breakdown of its 100GW solar by 2022 target.

Power minister Piyush Goyal said that INR6 trillion (US$92 billion) investment would be required to reach the 100GW target.

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

As of 30 June 2015, the cumulative installed grid-connected solar capacity in India is 4,062MW.

The annual targets are as follows:

Year

Rooftop Ground-mount Total
2015/16 200 1,800 2,000
2016/17 4,800 7,200 12,000
2017/18 5,000 10,000 15,000
2018/19 6,000 10,000 16,000
2019/20 7,000 10,000 17,000
2020/21 8,000 9,500 17,500
2021/22 9,000 8,500 17,500
Total 40,000 57,000 97,000

Jasmeet Khurana, senior consulting manager at analyst firm Bridge to India, told PV Tech that the ramp up from 200MW of rooftop in 2015/16 to 4,800MW in 2016/17 is “improbable”.

He added: “A more linear growth trajectory for year-on-year capacity addition may make more sense than an immediate ramp up as it can help reduce government’s expenditure, create a more sustainable ecosystem and help avoid any boom and bust scenarios.

“An immediate ramp up, on the other hand, allows the government to exit early and let the market take over. The question is: if India has to achieve the 100GW target, can the government exit early? If it does, will the market be able to sustain a capacity addition of 16-17GW in a year?”

Khurana added that Bridge to India forecast 50-60GW solar deployment by 2022.

A recent report form the Institute for Energy Economics and Financial Analysis (IEEFA), a Cleveland-based researcher, and Indian energy analysis firm, Equitorials, found that India is capable of a sharp ramp up of solar deployment on a level with China's solar spike in recent years.

Read Next

April 30, 2025
Cadmium telluride (CdTe) thin-film solar manufacturer First Solar has issued revised guidance to reflect the expected impact of the implementation of new tariffs set by Donald Trump’s administration.
April 30, 2025
QatarEnergy has inaugurated two solar projects with a capacity of 875MW, which will more than double Qatar’s installed solar capacity.
April 30, 2025
Almaden has announced plans to establish a wholly-owned subsidiary in the United Arab Emirates, via its existing subsidiary Almaden (MENA).
April 30, 2025
Stonepeak has acquired a 46.3% stake in Repsol’s 777MW solar and storage portfolio currently in operation in New Mexico and Texas.
April 30, 2025
Spanish energy utility giant Iberdrola has reported huge profits of over €2 billion in the first quarter of 2025.
April 30, 2025
Daqo New Energy has posted gross losses of US$81.5 million, and a gross margin of -65.8% in the first quarter of 2025.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
May 7, 2025
Munich, Germany
Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK