India has added 13,652 MW of solar generation capacity as at the end of July, with seven states including Andhra Pradesh, Gujarat and Karnataka crossing 1,000 MW mark, Union power minister Piyush Goyal told parliament on Thursday.
Madhya Pradesh, Rajasthan, Tamil Nadu and Telangana are the other states that have crossed the 1,000 MW.
Solar capacity at the end of March 2015 was 3743.97 MW.
The minister further stated that the government has revised the National Solar Mission target of Grid Connected Solar Power projects from 20,000 MW by 2022 to 100,000 MW by 2022.
The same is sought to be achieved through rooftop solar projects (40,000 MW) and ground mounted solar projects (60,000 MW), the minister added.
Solar capacity addition has picked up in 2017 on falling prices of cells and modules in the global market.
The first six months of the current year saw more capacity addition in the solar sector than the whole year of 2016.
Solar power tariffs in India have plunged to a new low of Rs 2.44 per unit, continuing the free fall in the cost of green energy after Acme Solar Holdings and SBG Cleantech, the joint venture of SoftBank, Foxconn and Bharti Enterprises, won the latest auction for 500 megawatt of projects in Rajasthan.
Acme Solar won 200 mw with the record low bid, while SBG Cleantech bagged 300 mw quoting one paisa higher in the latest auction in which many Indian and international firms competed intensely.
Latest posts by Team EnergyInfraPost (see all)
- REC Inks 200 Million Euro Deal with German Bank KfW - August 14, 2018
- A K Singh joins as Director (Pipelines) of Indian Oil - August 14, 2018
- Powergrid Signs Rs 10 K Cr Term Loan With SBI To Fund Capex Needs - August 11, 2018