Grid-connected solar power installed capacity has crossed the 4
GW-mark, according to data released by the Ministry of New and Renewable
Energy.Against a target of 1,400 MW for 2015-16, the achievement in the first
four months of the financial year was 358 MW, or 25 per cent. On the basis of
projects awarded in the recent months, both under the federal and States’
schemes, solar industry experts are confident that installations in the current
year will exceed 2,500 MW. This contrasts favourably with the 1,112 MW
installed in 2014-15 and 948 MW in the previous year.Solar capacity reaching
the 4-GW milestone is said to be creditable considering that as recently as in
2010, India had only 12 MW of solar
capacity.
The MNRE has set a target of 100 GW of solar capacity to be
achieved by 2022. An ambitious target, and the big question is whether it would
be met.A Citi group report, titled Energy Darwinism II, has projected that India’s solar installations in 2020 would be 26,523 MW— a respectable number, but way below the target. Such installed
capacity would make India the fourth largest solar market, after China (148,141 MW), Japan
(64,863 MW) and the US (64,133 MW).
Wind industry
Wind installations in the first four months of the current
financial year were 412 MW, according to the MNRE data. Wind industry experts
feel that, due to a variety of factors, the target of 2,400 MW for the full
year is not likely to be met.The Citi report forecastsIndia’s wind capacity at 38,690 MW by 2020. The government’s target for 2022 is
60,000 MW.
Source: BL
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