CleanTechies
  • Home
  • Articles
    • Clean Transportation
    • Energy Efficiency
    • Green Building
    • Renewable Energy
    • Recycling & Waste
    • Water & Conservation
  • Contact
    • Editorial
      • General Inquiries
      • Article Submission
    • Advertising
      • Advertising & Sponsorship
      • Guidelines
      • Media Kit
  • Are you a CleanTechie?

CleanTechies

  • Home
  • Articles
    • Clean Transportation
    • Energy Efficiency
    • Green Building
    • Renewable Energy
    • Recycling & Waste
    • Water & Conservation
  • Contact
    • Editorial
      • General Inquiries
      • Article Submission
    • Advertising
      • Advertising & Sponsorship
      • Guidelines
      • Media Kit
  • Are you a CleanTechie?
Tag:

EnergyTrend

India To Become World’s Third Largest Solar Power Market This Year

India To Become World’s Third Largest Solar Power Market This Year

written by saurabh

India is set to overtake Japan as the world’s third-largest solar power market this year, a Taiwanese research firm has predicted.

According to EnergyTrend, the global solar PV demand is expected to remain stable at 74 gigawatts this year while India is expected to see sustained growth. The research claims that growth in China’s solar PV demand is expected to reduce slightly as the government has a lower capacity addition target compared to the last year.

Solar power in the world’s second largest market – United States of America – may fall out of favour given the political scenario. Meanwhile, in Japan the government is expected to continue to reduce feed-in tariffs, possibly leading to the dent in investments.

India, on the other hand, is expected to contribute 14% to the global solar PV demand as the government continues to push for a very ambitious installed capacity target of 100 gigawatts by 2022. The target translates into 90 gigawatts capacity addition over the next five years.

India recently crossed the 10 gigawatts installed solar capacity mark. EnergyTrend expects the south Asian country to add another 10 gigawatts this year. The government, on its part, expects to add 20 gigawatts over the next 15 months.

A total of 14 gigawatts capacity is reportedly under construction or at the design stage. A large portion of this capacity is expected to be commissioned during the upcoming financial year, stating 1 April 2017. An additional 6 gigawatts capacity is also scheduled to be auctioned soon.



March 28, 2017 0 comment
0 Facebook Twitter Google + Pinterest

CleanTechnica.TV

Listen to CleanTech Talk

CleanTech Talk

Free CleanTechnica Newsletters

CleanTechnica's main newsletter (daily)

CleanTechnica's EV newsletter

CleanTechnica's wind newsletter

CleanTechnica's solar newsletter

CleanTechnica's weekly newsletter

Support Our Work

CleanTechnica Clothing & Cups

Recent CleanTechie Bios

Henk Rogers

JB Straubel

Lynn Jurich

Matt Moroney

Kyle Field

Paul Francis

Chelsea Harder

Griff Jurgens

Scott Cooney

The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by, and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.


Back To Top