The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Report Projects Massive Solar Growth in India

As the American and European solar industries face continued uncertainty, India is aggressively ramping up its solar ambitions behind falling prices and growing energy needs.

According to a new report by GTM Research and Bridge to India, the nation is facing a perfect storm of factors that will drive solar photovoltaic (PV) adoption at a furious pace over the next five years and beyond. The falling prices of PV panels, mostly from China but also from the U.S., has coincided with the growing cost of grid power. Government support and ample solar resources have also helped push the adoption along, but perhaps the biggest factor has been need. India, as a growing economy with a surging middle class, is now facing a severe electricity deficit that often runs between 10 and 13 percent of daily need.

Now the nation is increasingly seeing solar as a way to invest in its infrastructure quickly. Surprising to some extent has been how fast solar has becoming cost-effective. In December, a National Solar Mission auction awarded 27 PV projects totaling 350 MW to developers large and small. Bids came in as low as $0.18/kWh and the average price awarded was $0.21/kWh, down 9 cents from a similar auction 13 months ago. The low prices have stoked hopes that a major installation boom is inevitable.

In 2010, the country had big hopes for solar, but only 54 megawatts (MW) in installed capacity. Now, a year later, it is expected to install six times as much capacity by year’s end, and there is well over 1,600 MW of projects with signed power purchase agreements in the pipeline. By 2016, the report projects that India could be installing more than 3,000 MW annually in PV projects. The biggest winner in this transformation could be large-scale developments that are built instead of traditional diesel plants.

The nation also hopes that its solar project growth will support a stable domestic manufacturing supply chain. Currently, Indian solar PV makers have an annual manufacturing capacity of 1,500 MW, and 70 percent of the modules are exported. In cell manufacturing, India has a 600 MW annual capacity, but it exports 80 percent of its product.

Other items of note from the report:

  • According to report author Dr. Tobias Englemeier of Bridge to India, it is not a market that will subsidize over long periods of time. Creating price stability early will be key to its sustained growth.
  • The country needs to improve its irradation data, which is seen by some as needing new analysis. The biggest risk factor would be if irridation levels are lower than expected. Regardless, it appears that states in the western part of the nation have the best resources.
  • The nation’s top state-based incentive program is in Gujarat, which could help add between 200 MW and 350 MW of new capacity each year through 2016. The National Solar Program, which does not function in areas that have state programs, is expected to ramp up from 40 MW this year to 890 MW by 2016.
  • Concentrating solar power was not part of the report. Concentrating photovoltaics were included in the report, though the technology remains a very small segment of the Indian market.
Untitled Document

Get All the Renewable Energy World News Delivered to Your Inbox

Subscribe to Renewable Energy World or email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Electricity Deregulation

Japan Electricity Deregulation: Birth of Municipally Owned Electric Utilities

Junko Movellan, Correspondent The upcoming retail electricity deregulation in Japan will create a way for Japanese municipal governments to produce...
Solar panel

REC Joins O Capital in Egypt to Tap Solar Panel Market in Middle East, Africa

Anna Hirtenstein, Bloomberg REC Solar ASA has signed a deal with O Capital, the renewable energy arm of Orascom Telecom Media and Technology Hold...
Solar PV

OneEnergy Seeks Authority to Build 6 MW Solar PV Facility in Southern Maryland

Jennifer Delony OneEnergy Renewables is seeking regulatory approval in Maryland to build a 6 MW solar PV facility in Somerset County,...
Solar water heating

California Regulators Propose Expansion of Eligibility Requirements for Solar Water Heating Program

Jennifer Delony The California Public Utilities Commission has proposed expanding the eligibility requirements for customers seeking ...


Canadian Solar Wins Five Solar Power Projects Totaling 185 MW in Brazil

These power projects were won under a 20-year Power Purchase Agreement (PPA) with the B...

$100 Off of 5-day Advanced PV Project Experience. Download a Topic Schedule.

Assemble, ground, energize, and commission a complete grid-tied SolarEdge system from s...

Former Australian Prime Minister Kevin Rudd talks politics of fear vs. politics of hope

Rudd, who led the Australian parliament from 2007 to 2010, told the Summit audience tha...

Intersolar AWARD „Solar Projects in India“ – Applications being accepted until September 18

The Intersolar AWARD in the category Solar Projects in India honors projects in the fie...


Washington, DC Bridges the Solar Gap

The District of Columbia has enjoyed 15 years of strong economic growth. But prosperity is spread unevenly across the...

Sell Through Hypothesis

You first learned to hypothesize, or make educated guesses, in grade school science class. Now it’s time to ref...

Cronimet / THEnergy study: In solar for mines size does not always matter - Reducing CAPEX with energy efficiency and load shifting

Munich, September 2015. Mining companies are constantly gaining interest in solar solutions because frequently solar ...

Final Program Now Available for GRC Annual Meeting & GEA Geothermal Energy Expo

GRC Annual Meeting & GEA Geothermal Energy Expo - Final Program from



Volume 18, Issue 4


To register for our free
e-Newsletters, subscribe today:


Tweet the Editors! @jennrunyon



Successfully Integrating Solar: A Proactive Approach

•      What does the increasing solar penetrati...

Solar Frontier Offsite Office at Solar Power International (2 mins....

Solar Frontier will be hosting an offsite meeting room offering our gues...

PV-Diesel Hybrid Systems to Reduce Diesel Demand

Substantial fuel cost saving potential has made PV technology the centre...


Sell Through Hypothesis

You first learned to hypothesize, or make educated guesses, in grade sch...

Vacancy? No Problem!

Have you ever tried to sell an efficiency product or service to a prospe...

Going The Extra Mile

Selling efficiency takes perseverance, creativity, and a willingness to ...


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now