PV-Magazine: A new report on India’s solar market forecasts that as much as 33.4 gigawatts of both off- and on-grid solar will be installed in the country by 2022. While the National Solar Mission (NSM) aims to install 20 GW, it is believed there are "huge" off-grid opportunities. Furthermore, Rajasthan is expected to become the country’s solar hub. According to Bridge to India’s new India Solar Handbook, by the end of 2011, almost 250 megawatts (MW) of photovoltaic systems will be installed in the country, up from just 22 MW at the start of the year. By 2014, it expects to see around 14.5 GW of installed solar power. Meanwhile, it is anticipated that grid parity will be achieved in 2018. And, by 2022, 33.4 GWs of solar will be in place in India. The "preferential" feed-in tariffs (FITS) offered under the NSM and Gujarat’s Solar policy have been cited as the keys to this impressive growth, which has thus far been focused on the grid-connected market. This, says the research company, will continue for the next three years, due to a "lack of incentives outside the policies and because solar power is not yet commercially viable on a large scale". Read Full: Indian solar capacity to hit 33.4 GW by 2022; off-grid potential "huge": pv-magazine
Wednesday, 21 December 2011
Indian solar capacity to hit 33.4 GW by 2022; off-grid potential "huge"
PV-Magazine: A new report on India’s solar market forecasts that as much as 33.4 gigawatts of both off- and on-grid solar will be installed in the country by 2022. While the National Solar Mission (NSM) aims to install 20 GW, it is believed there are "huge" off-grid opportunities. Furthermore, Rajasthan is expected to become the country’s solar hub. According to Bridge to India’s new India Solar Handbook, by the end of 2011, almost 250 megawatts (MW) of photovoltaic systems will be installed in the country, up from just 22 MW at the start of the year. By 2014, it expects to see around 14.5 GW of installed solar power. Meanwhile, it is anticipated that grid parity will be achieved in 2018. And, by 2022, 33.4 GWs of solar will be in place in India. The "preferential" feed-in tariffs (FITS) offered under the NSM and Gujarat’s Solar policy have been cited as the keys to this impressive growth, which has thus far been focused on the grid-connected market. This, says the research company, will continue for the next three years, due to a "lack of incentives outside the policies and because solar power is not yet commercially viable on a large scale". Read Full: Indian solar capacity to hit 33.4 GW by 2022; off-grid potential "huge": pv-magazine

