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

February 18, 2025
Chinese solar manufacturer Tongwei has ended its plan to acquire a controlling stake in fellow Chinese manufacturer Runergy.
February 18, 2025
Sunnova said the job cuts are part of “an optimisation of its business" and the cuts will save around US$35 million.
February 18, 2025
Chinese solar manufacturer LONGi has filed a lawsuit in the US District Court for the Eastern District of Texas against Jinko Solar.
February 18, 2025
Co-located solar and battery projects are among the most cost-competitive power sources, according to speakers at the Energy Storage Summit.
February 18, 2025
Germany has now installed more than 100GW of solar PV after adding 1.1GW in January 2025, according to monthly data from the German Federal Network Agency.
February 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has successfully extended its loan bridge facility until 21 February 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany
Solar Media Events
March 18, 2025
Sydney, Australia