According to reports, with the NDA government aggressively pushing green energy projects, India’s solar power capacity crossed 12 GW, with the addition of 5,525 MW solar power generation capacity last fiscal year.
As the Centre is estimating 748 GW of solar power potential in the country, the government is planning 4,800 MW from rooftop solar and 7,200 MW from large scale solar power projects in the current fiscal, said an official in the Ministry of New and Renewable Energy.
Among the states, Andhra Pradesh added the maximum solar capacity in 2016-17 (1,294.26 MW), followed by Karnataka (882.38 MW) and Telangana (759.13 MW). Other major additions were in, Tamil Nadu (630.01 MW), Rajasthan (543 MW), Punjab (388 MW), Uttar Pradesh (193.24 MW) and Uttarakhand (192.35 MW).
As India aims to achieve 40% cumulative electric power capacity from non-fossil fuel based energy resources by 2030, the NDA government is focusing on green energy sources to generate power.
The Centre has set an ambitious target of adding 175 GW of renewable energy capacity by 2022, which includes 100 GW of solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power (up to 25 MW capacity each). At present, of the 310 GW installed power generation capacity, 46 GW is from renewable power generation capacities.
Solar tariff has plummeted to Rs 2.97 per unit in an auction conducted for 750 MW capacity in Rewa Solar Park in Madhya Pradesh last month. Even wind power tariff too has dropped to a record low of Rs 3.46 per unit in an auction of 1,000 MW capacity conducted by the Solar Energy Corporation of India (SECI).