In 2015, India surprised the international community with its announcement of a renewable energy (RE) capacity addition target of 175 GW by 2022.
At the then total installed capacity of 275 GW, this meant a huge commitment with an underlying hope that electricity demand in the country shall remain robust, basis policies such as the “Make in India” boost to manufacturing and “Power to All” via ambitious rural electrification.
Three years down the line there have been some hits and some misses. As per a recent press releaseby the Ministry of New and Renewable Energy (MNRE) the installed RE capacity has reached 70 GW of which, rooftop solar contributes only 1.6 GW.
Analystsproject that at the current pace it is almost impossible to even come closer, let alone meet, the original rooftop solar capacity addition target of 40 GW by 2022. Read More
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