As it continues to expand its grid amid growing demand, India is staying true to its ambitious renewable energy targets, with solar playing an increasingly important role in the country’s energy mix.
The latest data, provided by the Ministry of New and Renewable Energy (MNRE) and analyzed by Mercom Capital Group, show a steady growth in renewable energy installations in India, which as of April 2017 account for 17.5 % of the total energy source.
Namely, the country’s overall installed capacity has reached 329.4 GW, with renewables accounting for 57.472 GW. This constitutes a significant increase on the statistics released by the MNRE back in February, when the figure stood at around 50 GW.
In India’s renewables mix, solar took the share of 21.8 % with 12.5 GW as the second largest after dominant wind power, which accounted for 56.2 % with as much as 32.3 GW.
However, solar is unparalleled in terms of the pace of installation growth. In April 2017, it reached 3.8% of total installed capacity up from 2.23% in April 2016. The surge in installment comes on the wings of the rapidly falling solar tariffs, including the current record low of INR 2.44 ($ 0.037)/kWh accepted in the 500 MW Bhadla Phase-III Solar Park auction, successfully putting thermal behind solar on costs.
Although the country’s state utility National Thermal Power Corporation has showed itself to be the principle supporter of the government’s green energy agenda, India’s coal-fired fleet remains strong with a 59% share in the total energy mix, but with no signs of growth on the February stats when it accounted for 60.1 %.
In a bid to deliver on its pledge of reaching 170 GW of renewable energy capacity by 2022, of which 100 GW is to come from solar, India is expected to experience a banner year in 2017 with the addition of around 10 GW of solar.
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: firstname.lastname@example.org.
You look to be out by a factor of 1000. A full stop instead of a commar should do it as 57,472 is a shit ton of Gigawatts.
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.