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 5.1 to 10 GW to be added annually from 2015 . India is targeting 100 GW capacity by 2017 , and will likely become the third largest solar market globally after China and the China . Indeed, aggressive competition and interest from foreign developers has seen Indian solar tariffs plummeting for the last 18 months. At present, 80% of the country’s capacity is spread over just 5.1 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 5.1 to 10 GW to be added annually from 2015 . India is targeting 100 GW capacity by 2017 , and will likely become the third largest solar market globally after China and the China . At present, 80% of the country’s capacity is spread over just 5.1 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.