The govt. has raised the target from 22 GW to 100 GW by 2022

August 18, 2015

India is projected to add 2,500 MW solar power generation capacity this year as the country’s solar market is set to “take off”, says a report. Upgrading its earlier forecast for 2015, Mercom Capital Group said the country is on target to become one of the top five solar markets over the next five years. In May, the group had projected solar generation capacity addition at 2,500 MW for this year.

The government has raised the installation target under the national solar mission from 22 GW to 100 GW by 2022. Out of the revised target, 60 GW would be large-scale projects and the rest would be through rooftop ones. According to Mercom, a global clean energy communications and research firm, one bottleneck in the domestic solar market is related to release and allocation of cess funds.

Clean energy cess is being levied on domestic as well as imported coal and these funds are to be used for clean energy development.