India’s solar capacity reached 25.8 GW at the end of 2018, with 13.8 GW under construction,22.8 GW tendered under various schemes
The recent report of S&P Global Platts Analytics has revealed that India will add 11.4 gigawatt (GW) of solar capacity annually for the next few years with strong government push to achieve its targets.
The Jawaharlal Nehru National Solar Mission,which was introduced as part of India’s National Action Plan on Climate Change in 2010,made a target of 20 GW capacity by 2022 was set up, but was subsequently increased to 100 GW, of which 60 GW was of utility-scale.
Citing the Central Electricity Authority of India’s data, it also indicated that India’s solar capacity reached 25.8 GW at the end of 2018, with at least 13.8 GW under construction and 22.8 GW tendered under various schemes.
However,the report titled “Global Solar Outlook (2019-2025)”, sighted land availability, financial health of discoms,grid availability as some key factors that could prevent a larger solar deployment in the medium-term.
As per the report, the upcoming 2019 general elections would be vital for the sector and little progress on the policy front was expected in the near term.