Featured in Energy Storage Highlights 2018

India’s solar energy capacity is growing

India’s electricity sector is transforming rapidly. A 50% decline in wind and solar tariffs since 2016 means renewable energy is now the lowest cost source of new generation. This has turned the established order in India on its head.

By

pv magazine

11 Sep 2018

09013_India’s_NTPC_domestic_thermal_power_2sp-1

India’s NTPC domestic thermal power | Source:NTPC Ltd annual reports, NTPC/SECI tender results, IEEFA estimates

Prime Minister Narendra Modi’s ambitious renewable energy target of 275 GW by 2027 is driving India’s emer-gence as a solar superpower. Targets of 20 GW, 30 GW, or even 40 GW annually of new renewable energy are being debated, constrained only by lack of electricity demand growth and the ongoing need for rapid grid-integration investment, …

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