From pv magazine India
India's cumulative renewable energy installations will reach 120 GW to 125 GW by December 2022, with solar to account for about 50% of the total, according to new research by ICRA, an India-based credit ratings agency.
They expect utility-scale PV capacity to hit the 60 GW target set by the government. The rooftop solar and wind power segments will not perform as strongly, however.
“While [the 120-125 GW estimate] is lower than the capacity target of 175 GW set by the government of India (GoI), the incremental capacity addition is estimated to be healthy at 33 GW to 38 GW,” said Sabyasachi Majumdar, group head and senior vice president of corporate ratings at ICRA.
For the full story, please visit our pv magazine India site.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.