India at 20GW Milestone
“India has one of the fastest growing Renewable Energy programmes in the World and would achieve 175 GW target of installed Renewable Energy capacity well before 2022,” says Shri R.K. Singh, Minister of State (IC) for Power and New & Renewable Energy, Government of India.
Corroborating the fact, India has seen a plenty of activity until now in 2018 and in the past year, especially in solar sector. In renewable power generation in India, solar continues to lead with close to 32% generation from this segment in 2017.
India has now the cumulative installed solar capacity of 20 GW comprising 18.4 GW in utility-scale projects and 1.6 GW in rooftop solar projects.
The 20GW capacity achievement is commendable for the very reason that the target was set for 2022 by the National Solar Mission, which has been reached four years ahead of the time. Indeed, 2017 could be considered as the bumper year for solar power generation, which grew by 86% from 2016, 9.6 GW in terms of solar installations.
The states leading in solar installations include Telangana, Karnataka, Rajasthan and Andhra Pradesh. Modest installations were seen in Maharashtra and Uttar Pradesh. Starting this year, huge pipeline of solar tenders of about 4 GW is set to be issued in coming months.
Recently, ISA, a de jure treaty based international intergovernmental organisation, has mobilized $350 million Solar Development Fund for projects financing. Moreover, at ISA forum in World Future Energy Summit in Abu Dhabi, LoIs / MoUs of ten solar related projects were signed. Over 100 projects are planned to be signed by April 2018 under ISA umbrella.
However, in the wake of new policies like promotion of domestic manufacturing, proposed safeguard duty, anti-dumping case, and duty on imported modules, apprehensions are that overall solar installations may slow down, but only transitorily before it becomes normal again.