Power demand falls, but installed solar capacity up – Feedback

Solar power installations in the country have reached 8,643MW, driven by four states crossing the 1gw solar installation mark on the back of the Modi government constantly pushing renewable energy as part of its climate management policy.

Some 500MW solar capacity was added in a month through September, indicating solar installations continue to grow in spite of a slowdown in power demand, declining capacity utilisation of thermal projects and availability of cheaper power on the electricity exchanges. Green energy market tracker Mercom Capital has projected a total capacity of 4.8GW for calendar year 2016. Installations have already reached a capacity of 3.8GW. According to the latest Mercom report, Tamil Nadu, Rajasthan, Gujarat and Andhra have crossed the 1GW solar installation mark. These states displayed significant activity in the sector and together accounted for 59% of the 8.6GW installed so far. Cumulative solar installations in the country had topped 7.5GW in May. India has 14GW of solar projects in various stages of development and another 7GW waiting to be auctioned. “The challenge is going to come next year when approximately 9GW of solar power is forecast to be installed.


About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *