IPP | Staff Reporter, India

Solar's share in India energy mix edges up to 1%

Over 4GW of solar has bee commissioned in 2016 versus 2015's 2.3GW.

According to Mercom Capital, with increasing installation activity, the solar sector has come a long way in the past two years in India. Solar energy now accounts for almost 1% of total power generated in India and 13% of the total renewable power generated in the country. 

Solar accounted for 7,002.71 million units of electricity produced in the country during the seven-month period from April to October 2016, according to the Central Electricity Authority (CEA).

In 2016, solar produced 3,072.41 million more units compared to the seven-month period from April to October in 2015.

"The numbers show how far solar has yet to go to become a significant source of electricity generation in the country. On the positive side, the electricity generated through solar has been increasing exponentially," Mercom Capital added.

According to Mercom’s India Solar Project Tracker, over 4 GW of solar has been commissioned this year compared to 2.3 GW in all of 2015. Government policies and subsidies are helping the sector grow. With solar installations forecasted at more than 9 GW in CY 2017, the share of solar power generation is expected to continue increasing.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.