Indian Solar Industry










HEADLINES:  
+  Text   -   

Indian Solar IndustryINDIAN SOLAR INDUSTRY AT A GLANCE IN 2017 - 2018 Indian Solar Industry



Overview

The Indian solar power sector is off to a good start in 2018. The industry now has over 4,000 megawatts (MW) of projects that it can execute across the country. Solar capacity in India touched 18.7GW by the end of 2017, which is about 5% of global solar capacity, according to a report.


2017-2018 Indian Solar Industry

Industry Performance

As of 2017-2018, India has installed 12.2GW of utility scale solar panels. Indian solar market has grown by an average 72% in the last three years and is now worth approximately 8-9GW per annum. The Indian Solar Power Industry is anticipated to have double digit growth during next few years. The solar power tariffs in India have fallen in nominal terms from INR 15 /Kwh in 2009 to INR 2.44/ Kwh in 2017, due to decline in module prices and improvements in capacity utilization factor.


Industry Projections

With 8.8 gigawatt (GW) of capacity addition projected for the year ahead, India is set to become the third biggest solar market globally, overtaking Japan, according to the India Solar Handbook 2017 released by Bridge to India (BTI). The government had revised India’s solar power target to 100GW from 20GW, by 2022.

Indian Solar Industry  INDIAN Solar Industry AT A Glance IN 2016 - 2017

Indian Solar Industry  INDIAN Solar Industry AT A Glance IN 2015 - 2016

Indian Solar Industry  INDIAN Solar Industry AT A Glance IN 2014 - 2015

Indian Solar Industry  INDIAN Solar Industry AT A Glance IN 2013 - 2014

Indian Solar Industry  INDIAN Solar Industry AT A Glance IN 2012 - 2013

Indian Solar Industry  INDIAN Solar Industry AT A Glance IN 2011 - 2012

Indian Industry  back to solar INDUSTRies