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Indian govt announces highly ambitious solar energy target

India Sets Target Of 48 GW Solar Power Capacity By March 2019, Clean Technica April 23rd, 2016 by Saurabh Mahapatra  Originally published on PlanetSave.

Highly ambitious annual solar power capacity addition targets have been announced by the Indian Ministry of New & Renewable Energy.

With a target to have an operational solar power capacity of 100 GW by March 2022, the Indian government has announced annual capacity addition targets for the next few years. The Ministry of New & Renewable Energy (MNRE) plans to add 15 GW and 16 GW solar power capacity in the financial years 2017-18 and 2018-19, respectively.

In the current financial year, the government targets an addition of 12 GW solar power capacity. If this target is achieved, India’s installed solar power capacity will cross 17 GW by the end of March 2017. By early March this year more than 5.7 GW of solar power capacity was operational in India…….

India is also in talks with development banks like the Asian Development Bank, International Finance Corporation, KfW, the Japan International Cooperation Agency, and the New Development Bank to access cheap debt finance for setting up solar power projects. https://cleantechnica.com/2016/04/23/101231/

April 25, 2016 - Posted by Christina Macpherson | India, renewable