India stands at a solar-installed capacity of 750 GW and with photo voltaic generational costs being reduced further by incentives from the Indian Governments, plans to scale up solar to an cumulative 100GW by 2022 will turn India into a solar manufacturing hub. The Ministry of New and Renewable Energy (MNRE) has already prepared a way forward to achieve the targets envisaged and has listed the immediate actions required by the Government and interventions from various stakeholders including regulators, distribution companies and financial institutions. Achievement of these targets would not only contribute to the country's long term energy and ecological security by reducing carbon emissions, but also generate large direct and indirect employment opportunities in solar and allied industries such as glass, metals and heavy industrial equipment.
India stands at a solar-installed capacity of nearly 2.9 GW and with photo voltaic generational costs being reduced further by incentives from the Indian Governments, plans to scale up solar to an cumulative 100GW by 2022 will turn India into a solar manufacturing hub. The Ministry of New and Renewable Energy (MNRE) has already prepared a way forward to achieve the targets envisaged and has listed the immediate actions required by the Government and interventions from various stakeholders including regulators, distribution companies and financial institutions. Achievement of these targets would not only contribute to the country's long term energy and ecological security by reducing carbon emissions, but also generate large direct and indirect employment opportunities in solar and allied industries such as glass, metals and heavy industrial equipment.