Over the years, renewable energy sector in India has emerged as a significant player in the grid connected power generation capacity. It supports the government agenda of sustainable growth, while, emerging as an integral part of the solution to meet the nation’s energy needs and an essential player for energy access. It has been realized that renewable energy has to play a much deeper role in achieving energy security in the years ahead and be an integral part of the energy planning process.
This year India has reached 10GW installation capacity which also includes 1 GW of Solar rooftop. India has added 5 GW capacity in 2016 and 3.2 GW capacity in this financial year till December 2016 and still needs to add 8.7 GW of Solar capacity by March 2017 to achieve the target of this year that is 12 GW seems like still remains a long way to go but the signs are very positive.
Besides achieving 10 GW 2016 also quoted the Lowest ever tariff for solar power plant right at the start of 2016 with finland’s Fortum winning capacity at 4.34 rupees per, while rooftop PV had hit the tariff of rupees 3, albeit with heavy subsidies at the end of the 2016.
India in 2016 witnessed world’s largest solar power plant of 648 MW at Kamuthi, Ramanathapuram, in Tamil Nadu. The 648MW plant is now the largest solar power plant at a single location, taking the title from the Topaz Solar Farm in California having the capacity of 550 MW.
The government has bold expectations ahead, planning 12GW of deployment in financial year 2016-17 followed by 15GW and 16GW in subsequent years. Our target of this financial year still seems very far but Indian solar sector is growing tremendously and progress has been immense, In financial year 2015-2016 industry achieved 3 GW which this year has already been achieved and 2017 is all set to introduce Indian solar sector to another milestone.