The total amount of installed photovoltaic energy capacity in India has surpassed the 10 GW milestone, consultancy firm Bridge to India has confirmed. India is expected to add a total of 5.1 GW in 2016, a 137% increase from 2015, with Bridge to India predicting 8 to 10 GW to be added annually from 2017. “Solar power will continue to grow rapidly and become more competitive as it becomes cheaper than other forms of energy,” said Ravi Kumar, head of solar at Bridge-to-India. At present, 80% of the country’s capacity is spread over just seven states and dominated by the utility-scale segment, while high-demand states like Maharashtra and Uttar Pradesh and the off-grid sector are well behind.
The total amount of installed photovoltaic energy capacity in India has surpassed the 10 GW milestone, consultancy firm Bridge to India has confirmed. India is expected to add a total of 5.1 GW in 2016, a 137% increase from 2015, with Bridge to India predicting 8 to 10 GW to be added annually from 2017. India is targeting 100 GW capacity by 2022, and will likely become the third largest solar market globally after China and the US. At present, 80% of the country’s capacity is spread over just seven states and dominated by the utility-scale segment, while high-demand states like Maharashtra and Uttar Pradesh and the off-grid sector are well behind.