According to industry analysts Mercom capital, 2.25 GW had been installed in India by 31st December 2016, against a target of 12 GW for the financial year. A state-by-state progress report from MNRE shows that 14 states are on track, having installed at least 60% of their target for 2016/17.
Mercom estimates that an additional 2.34 GW of solar is needed from the 25 states in order to fulfil the solar RPO. An MNRE official stated that delays caused by infrastructure issues is one of the causes, and that RPO targets will become more achievable with the development of the Green Energy Corridor, a project designed to facilitate the transmission of renewable energy between states.
“Mostly, the reason for non compliance is financial,” stated Mercom CEO Raj Prabhu. “The financial health of distribution companies has been a primary hurdle for India. This needs to turn around sooner rather than later for more robust renewables installations which would in turn increase RPO compliance.”
In spite of these warnings, 2017 is expected to be a huge year for solar in India, with almost 3 GW set to be tendered in the near future. Analysts at Bloomberg New Energy Finance have also stated that India will likely install more than 10 GW of renewables over the year.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.