Cumulative solar installations in India have reached 8,728
MW as of the end of October 2016 with 1,965 MW commissioned in the current
financial year (FY). The Ministry of New and Renewable Energy (MNRE) is
targeting installations to reach 12 GW by
the end of the current financial year.
Various solar policies such as the National Thermal Power
Corporation’s (NTPC) new projects
program, the National Solar Mission (NSM) and state policies in Tamil Nadu, Andhra Pradesh, Punjab,
Bihar, Telangana, Karnataka, Madhya Pradesh, Uttarakhand and Uttar Pradesh have
helped boost installation numbers this financial year.
Compared to the April-October period in the FY 2015-16, installations
have doubled so far this year with 1,965 MW compared to only 828 MW installed
last year in the same period.
The MNRE is expecting commissioning of a total of 11,068 MW
of solar, inclusive of rooftop, by the end of the current financial year.
An MNRE official told Mercom that in the last financial year
(2015-16) solar project commissioning picked up in the latter part of the year,
contributing to the 2,300 MW installed during the last five months. Similarly, many
projects have commissioning dates in the final months of this year, suggesting
we will see an uptick in installations towards the end of the financial year.
The official also added that power purchase agreements
(PPAs) for projects totaling 9,700 MW have been signed and the MNRE is
depending on these to achieve the current financial year target.