India expects to become a major solar energy producer , potentially delivering 100GW of solar power by 2022 . In the past financial year , 20GW of solar capacity has been approved by the Indian Government , with 14GW planned through 2016 . According to a Deutsche Bank report , capital costs for energy have dropped 60 % in past years and the bank predicts that solar power could overtake coal by 2020 . This sentiment was mirrored by India 's energy minister , Piyush Goyal , who commented that solar has effectively become cheaper than coal . However , investment and growth of renewable energy is a delicate discussion between the rich and developing countries and Goyal also said that he expected to gain more support for an Indian - global solar alliance in New York this week during the signing of the Paris Agreement .
India expects to become a major solar energy producer, potentially delivering 100GW of solar power by 2022. In the past financial year, 20GW of solar capacity has been approved by the Indian Government, with 14GW planned through 2016. According to a Deutsche Bank report, capital costs for energy have dropped 60% in past years and the bank predicts that solar investment could overtake coal by 2020. This sentiment was mirrored by India's energy minister, Piyush Goyal, who commented that solar has effectively become cheaper than coal. However, investment and growth of renewable energy is a delicate discussion between the rich and developing countries and Goyal also said that he expected to gain more support for an Indian-global solar alliance in New York this week during the signing of the Paris Agreement.