Solar Power Investment Opportunities In India

The country s solar installed capacity was 35 122 mw as of 30 june 2020.

Solar power investment opportunities in india.

As of october 2018 india ranked 5 th in installed renewable energy capacity. Hence both technology routes for conversion of solar radiation into heat and electricity namely solar thermal and solar photovoltaics can effectively be harnessed providing huge scalability for solar in india. India has the lowest capital cost per mw globally of installing solar power plants. The indian government had an initial target of 20 gw capacity for 2022 which was achieved four years ahead of schedule.

Wind energy capacity in india has increased by 1 7 times in the last 4 years. Solar power in india is a fast developing industry. This report developed by e on with the support of other task force members and supported by the national solar energy federation of india nsefi provides a snapshot of india s business environment and major macroeconomic trends and analyses issues related to the country s. Solarpower europe s emerging markets task force s new report analysing solar investment opportunities in india.

Not surprisingly this growth has coincided with a sharp increase in investment in the sector from both domestic and foreign sources. Solar power capacity has increased by more than 11 times in the last five years from 2 6 gw to 28 18 gw in march 2019. According to 2018 climatescope report india ranked 2 nd among the emerging economies to lead to transition to clean energy. Therefore starting a solar business is a lucrative opportunity for entrepreneurs.

In 2015 the target was raised to 100 gw of solar capacity. Further to this record 100 bn units of renewable electricity generating last year. Renewable energy how to get investment for solar energy in india. Today we are averaging about usd 11 billion a year in renewable investments we ideally should be getting usd 30 billion per year in india arunabha ghosh chief executive officer of council on energy.

The indian renewable energy sector is the 4 th most attractive renewable energy market in the world. Canadian solar is a canada based solar power company that designs manufactures and sells solar module products that convert sunlight into electricity the company posted a 66. Solar power plant investment opportunity in new delhi india solar epc company with confirmed order book of inr 50 crore from central government psus.