Construction Mirror Industry Features Details

INDIA'S SOLAR PANEL INDUSTRY COULD BE FACING A DIMMER FUTURE

August 07, 2018

MNRE has taken several steps to fructify dream of a clean energy future for the ‘New India’. The largest renewable capacity expansion programme in the world is being taken up by India. The Govt. is aiming to increase share of clean energy through massive thrust in renewables. Core drivers for development & deployment of new & RE in India have been Energy security, Electricity shortages, Energy Access, Climate change etc. A capacity addition of 27.07 GW of RE has been reported during the last three & half years under Grid Connected Renewable Power, which include 12.87 GW from Solar Power, 11.70 GW from Wind Power, 0.59 from Small Hydro Power & 0.79 from Bio-power.   Confident by the growth rate in clean energy sector, the GoI in its submission to the UNFCCC on INDC has stated that India will achieve 40% cumulative Electric power capacity from non-fossil fuel based energy resources by 2030 with the help of transfer of technology & low cost International Finance including from Green Climate Fund. As on 30.11.2017, Solar Energy Projects with an aggregate capacity of over 16611.73 MW including 863.92 MW from Solar Roof Top projects has been installed in the country. 

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